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Friday, November 22, 2024

HHS provides $18 million to businesses in Morehead under CARES Act

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Through the fourth quarter of 2020, businesses in Morehead received $18 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 $1.1 million 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
1St. Claire Medical Center, Inc.$17,195,544
2Campbell/preston Medical Investors, LLC$584,474
3Morehead Primary Care, PLLC$40,981
4Rowan County Fiscal Court$25,152
5Michael Spurlock W.D.C.P.S.C.$22,731
6Advanced Chiropractic Care, PLLC$19,746
7Morehead Dental Group$16,616
8Kenney Orthopedics of Morehead, LLC$16,370
9CKW Physical Therapy, Inc.$15,913
10Anthony J. Mayo, O.D.$14,114
11Robert Thomas Mchugh, OD$4,721
12Rowan Pharmacist Group, Inc.$3,958
13Chiropractic Care of the Commonwealth, LLC$3,127
14Muha Optometric Group, PLLC$2,061
15Cia Drug, LLC$530
16Leah Pugh$297
17Cave Run Pharmacy, Inc.$12

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