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East Kentucky Times

Thursday, November 21, 2024

HHS provides $2.2 million to businesses in Salyersville under CARES Act

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Through the fourth quarter of 2020, businesses in Salyersville received $2.2 million in health-related relief from the CARES Act issued by the Department of Health and Human Services.

According to numbers reported through the fourth quarter of 2020, businesses in Kentucky received $1.6 billion in health-related relief from the CARES Act issued by the Department of Health and Human Services. The largest recipient of funding in the state was St. Elizabeth Medical Center, Inc. with a total of $67.3 million. The average loan size in the city was $186,056 while the state's average loan amount was $337,672.

Of the money distributed, $30 billion went out automatically to health providers based on previous year medicare payments. If the money wasn't returned within 90 days the provider is then automatically entered into the repayment terms that are issued by HHS. With the money going out automatically and the rules constantly changing, some of the businesses that received the money weren't eligible to receive it once the final rules were sent out.

According to the Department of Health and Human Services, this information represents the list of providers that received a payment from the General Distribution, High Impact Targeted Allocation, Safety Net Hospitals, Non-Medicare, Rural Targeted Allocation and/or the Skilled Nursing Facility Targeted Allocation of the Provider Relief Fund and who have attested to receiving one or more payments and agreed to the Terms and Conditions as of July 8, 2020.

All PPP loan recipients
RankBusinessDollar Amount Received
1Highlands Hospital Corporation$1,178,888
2Salyersville Health Operating Company, LLC$857,379
3Salyersville Medical Center, LLC$131,986
4Wolfe County Taxi Cab, Inc.$21,186
5Salyersville Health Facilities LP$12,774
6James E Ratliff II, D.M.D.$11,920
7DR Richard L Connelley Dom, PLLC$8,022
8Eastern Kentucky Family Medicine, PLLC$3,783
9Blair Medical Supplies, Inc.$3,454
10Cornerstone Family Health Care, LLC$2,735
11Zacharry Slone$364
12Magoffin County Health Department$183

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