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Thursday, November 28, 2024

HHS provides $2.4 million to businesses in Newport under CARES Act

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Through the fourth quarter of 2020, businesses in Newport received $2.4 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 Tennessee received $2.5 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 Chattanooga Hamilton County Hospital Authority with a total of $74.7 million. The average loan size in the city was $121,390 while the state's average loan amount was $328,420.

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
1SSC Newport Operating Company, LLC$797,515
2Rural Medical Services, Inc.$647,531
3Knoxville HMA Physician Management, LLC$230,444
4Center for Industrial Health$190,000
5Wellington Manor, LLC$120,059
6Sandberg Foot Health Center, PC$90,528
7Pro Therapy Services of East Tennessee, Inc.$77,166
8Wilson's Sav-Mor Drugs, LLC$72,989
9Newport Pediatrics$44,168
10DRS. Foster, Steele, and Eisenhower$38,778
11Newport Family Dental Care, P.L.L.C.$36,866
12Thomas W. Conway$33,524
13Micah Westmorland, D.D.S.$27,404
14Newport Internal Medicine, PC$10,670
15William Frost$4,482
16Newport Eyecare Center, PLLC$2,395
17Kristin Roberts$1,477
18Jabos Pharmacy, Inc.$925
19Newport Family Eyecare$710
20Beverly Clontz$166

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