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Friday, November 22, 2024

HHS provides $34.7 million to businesses in Ashland under CARES Act

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Through the fourth quarter of 2020, businesses in Ashland received $34.7 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 $377,614 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.

50 largest PPP loan recipients
RankBusinessDollar Amount Received
1Ashland Hospital Corporation$9,118,139
2Portsmouth Hospital Corporation$9,041,732
3Diversicare Leasing Corporation$7,458,186
4Kings Daughters Medical Specialties, Inc.$1,379,866
5Ashland Nursing Home Corporation$863,829
6Somc Medical Care Foundation, Inc.$743,624
7Woodland Oaks Operations, LLC$704,026
8Community Hospice, Inc.$653,659
9Emergency Professional Services, Inc.$625,119
10Premier Therapy & Health Centers, Inc.$439,858
11Boyd Nursing and Rehabilitation, LLC$421,787
12Genesis Respiratory Services, Inc.$389,755
13Pathways, Inc.$375,109
14St. Mary's Medical Management, LLC$366,212
15Radiation Therapy Service, Inc.$265,301
16Ashland Radiology Associates PSC$142,950
17A Brighter Future, Inc.$136,058
18Ashland Prosthetic & Orthotic$129,500
19West Fairview Emergency Physicians, LLC$111,515
20Ashland Radiation Oncology Psc$99,453
21Family Medicine Center, PLLC$96,937
22Boyd County Ambulance Service District$71,349
23Sound Physicians Emergency Medicine of Kentucky, PLLC$66,648
24Pediatric Dentistry PSC$65,029
25Gallahers Pharmacy$61,241
26Kentucky Medical Logistics, Inc.$58,918
27Ashland Childrens Clinic, PSC$56,042
28River Cities Bone and Joint Centre PSC$46,420
29Professional Pathology Service$44,830
30Sanjiv Gupta, P. S. C., M.D.$36,689
31Guided Living, LLC$33,025
32Jerod Darnell PLLC, D.P.M.$32,117
33Lewis Family Care, Inc.$31,383
34Ashland Chiropractic Center, Inc.$28,440
35A Center 4 Change$24,729
36Tri-State Digestive Disease Association PSC.$23,558
37Regional Psychotherapy Services, Inc.$23,329
38Body-Mind-Spirit Podiatric Center, PLLC$20,761
39Carol H Cooper PSC, M.D.$20,459
40Scott M.K. Dc Psc$20,007
41Family Allergy Services, Inc.$18,164
42Jack Ditty$17,989
43Meade & Meade PSC, D.M.D.$17,892
44Mary Reams, M.D.$17,120
45Unified Psychiatry, PSC$17,012
46Maurice J. Oakley, P. S. C., M.D.$16,458
47A Brighter Future Abi, Inc.$16,124
48Ashland Physiatry & Pain Management$15,954
49Leadingham Eye Care Center Ashland$15,726
50M & G Neurophysiology$15,551

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