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Sunday, November 24, 2024

HHS provides $1.1 million to businesses in Madison under CARES Act

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Through the fourth quarter of 2020, businesses in Madison received $1.1 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 Ohio received $3.8 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 The Cleveland Clinic Foundation with a total of $243.2 million. The average loan size in the city was $55,058 while the state's average loan amount was $290,521.

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
1Embassy Madison Management, LLC$713,509
2Emergency Medicine Physicians of Lake County, Ltd.$120,167
3Orcus Systems and Solutions, Inc.$75,597
4French Chiropractic & Wellness Center$56,634
5Madison Fire District$17,910
6Northern Dental Specialist, DR. Steven W. Gajda, Inc.$17,770
7Madison Village Manor, Inc.$17,580
8Michael Eppig$14,213
9Donch and Baker Eye Doctors of Madison, LLC, O.D.$13,003
10Yazan Karadsheh, D.D.S.$12,502
11A J Castrovinci Inc., M.D.$11,370
12Divine Living of Madison$10,591
13Robert Barr$8,568
14Lake Obstetrics & Gynecology, Inc.$3,898
15Back & Neck Clinic of Madison, Inc.$2,409
16Advanced Concepts In Endoscopy$1,576
17North Coast Optical$1,407
18Steven Kanter$1,050
19Syed a Hussaini Inc., M.D.$732
20Marie Dehaas$674

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