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Thursday, December 26, 2024

HHS provides $5.3 million to businesses in West Point under CARES Act

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Through the fourth quarter of 2020, businesses in West Point received $5.3 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 Nebraska received $781.7 million 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 Nebraska Medical Center with a total of $63.1 million. The average loan size in the city was $658,353 while the state's average loan amount was $283,937.

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
1Franciscan Care Services, Inc.$4,596,611
2St. Josephs Elder Services, Inc.$308,225
3Premier Estates of West Point, LLC$210,000
4Urology Health Center, PC$77,167
5Shawn Kralik T.E.D.S.$46,234
6Northeast Eyecare, PC$25,403
7City of West Point$3,178
8Audiological Services & Instruments, Inc.$9

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