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Friday, November 22, 2024

HHS provides $315 million to businesses in Franklin under CARES Act

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Through the fourth quarter of 2020, businesses in Franklin received $315 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 $1.3 million 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.

50 largest PPP loan recipients
RankBusinessDollar Amount Received
1Bayfront HMA Medical Center, LLC$27,680,851
2Jackson HMA, LLC$23,541,031
3Gadsden Regional Medical Center, LLC$16,563,583
4Hernando HMA, LLC$14,044,186
5Acadia Healthcare Company & Subs, Inc.$12,762,085
6Poplar Bluff Regional Medical Center, LLC$10,848,350
7Mat-Su Valley Medical Center, LLC$10,845,373
8Navarro Hospital LP$10,757,218
9LA Porte Hospital Company, LLC$10,641,607
10QHG of Enterprise, Inc.$10,285,722
11Clinton HMA, LLC$9,994,453
12Triad of Alabama, LLC$7,790,521
13Vicksburg Healthcare, LLC$7,594,395
14Roswell Hospital Corporation$6,710,186
15Carlsbad Medical Center, LLC$6,254,160
16Victoria of Texas LP$5,836,405
17Ruston Louisiana Hospital Company, LLC$5,657,848
18Kirksville Missouri Hospital Company, LLC$5,617,571
19Kay County Oklahoma Hospital Company, LLC$5,270,351
20Lea Regional Hospital, LLC$5,233,043
21Moberly Hospital Company, LLC$5,127,199
22Williamson County Hospital District$5,026,613
23Clarksdale HMA, LLC$4,913,863
24Woodward Health System, LLC$4,841,602
25Tnmo Healthcare, LLC$4,777,976
26Laredo Texas Hospital Company LP$4,491,011
27Shelbyville Hospital Company, LLC$4,459,074
28Oak Hill Hospital Corporation$4,367,375
29Starke HMA, LLC$4,196,796
30Live Oak HMA, LLC$3,940,875
31Seminole HMA, LLC$3,812,679
32Marshall County HMA, LLC$3,633,227
33Btdi JV, LLP$3,311,905
34Rolling Hills Hospital, Inc.$3,209,518
35Crestview Hospital Corporation$3,094,240
36Diagnostic Health MRI of Gadsden, LLC$2,432,298
37Virtualhealthconnect, LLC$2,241,854
38Agilitas USA, Inc.$2,091,899
39Regional Employee Assistance Program, Inc.$1,310,215
40Mercy Health Services, Inc.$1,307,769
41NHC Healthcare Cool Springs, LLC$1,278,922
42Belmont Behavioral Hospital, LLC$1,162,463
43Health Connect America, Inc.$1,131,237
44Star Physical Therapy Lp$941,082
45Claiborne Management, LLC$874,609
46Vicksburg Clinic, LLC$779,689
47University of Virginia Imaging, LLC$778,756
48Fayetteville Arkansas Hospital Company, LLC$745,586
49Scltdi JV, LLC$672,612
50Calcasieu Urgent Care, LLC$670,926

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