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Altoona Times

Thursday, October 17, 2024

HHS provides $1.7 million to businesses in Roaring Spring under CARES Act

Genbusiness011

Through the fourth quarter of 2020, businesses in Roaring Spring received $1.7 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 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 $193,192 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
1Nason Medical Center, LLC$1,201,991
2University Orthopedics Center, Ltd.$418,977
3Pennsylvania in-Home Partner-III, LLC$48,122
4Cove Family Practice, Inc.$32,664
5Spring Cove Medical Services, PC$18,367
6Heaton Family Practice, LLC$8,868
7Alianiello Eye Associates, PC$7,983
8Shawn Claycomb$1,028
9Bartolotta Vision Care, LLC$726

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