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Friday, November 1, 2024

HHS provides $190,693 to businesses in Palmerton under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Palmerton received $190,693 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 Pennsylvania received $4.5 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 Temple University Hospital, Inc. with a total of $166.8 million. The average loan size in the city was $14,669 while the state's average loan amount was $292,417.

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
1Otorhinolaryngology Associates, P C$48,309
2Manzella Family Healthcare, PC$37,620
3John W. Spurlock PC, M.D.$33,904
4Palmerton Community Ambulance Association$15,398
5Michael R Everett PC, D.D.S.$10,824
6Joe Zhou$10,743
7Vita Counseling Partners$7,743
8Advanced Center for Podiatry and Wound Control$6,884
9Mountain View Optometry, P.C.$5,609
10John H Nicholson PC, D.O.$5,509
11Tracy Geist Therapy Services, LLC$4,189
12Mihalko Chiropractic, PC$2,203
13Richard Dobias$1,758

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