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East Kentucky Times

Thursday, November 21, 2024

HHS provides $12.6 million to businesses in West Liberty under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in West Liberty received $12.6 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 $897,568 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
1ARH Mary Breckinridge Health Services, Inc.$11,877,535
2West Liberty Nursing and Rehabilitation, LLC$328,085
3James D. Frederick$180,102
4Total Care Family Practice Rick Bobay, LLC$82,962
5Breathitt-Wolfe EMS, Inc.$44,000
6Morgan County Ambulance Taxing District$24,198
7Jeffrey S. Baileydmd Psc$11,141
8Faith Family Practice, PLLC$6,316
9Youthful Essence Medical Center, PLLC$5,494
10Nickell and Steele, OD$4,172
11Frederick Medical Clinic, PSC$834
12Peyton's Pharmacy, Inc.$411
13Whitt Chiropractic Care, LLC$358
14Frederick & Smith, Inc.$350

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