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Tuesday, October 1, 2024

HHS provides $11.8 million to businesses in Florence under CARES Act

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Through the fourth quarter of 2020, businesses in Florence received $11.8 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 Alabama received $1.3 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 The Children's Hospital of Alabama with a total of $69.5 million. The average loan size in the city was $92,951 while the state's average loan amount was $242,614.

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
1Amedisys Home Health of Alabama, LLC$3,959,026
2Mitchell-Hollingsworth Nursing & Rehab Center$1,359,199
3Florence Nursing and Rehabilitation Center, LLC$993,439
4El Reposo Nursing Facility$385,637
5ECM Health Group, LLC$367,232
6North Alabama Bone and Joint Clinic, PC$265,845
7Infants' and Children's Clinic, PC$243,897
8Southern Perioperative Services, P C$218,954
9HC Healthcare, LLC$190,717
10Heart Health Center, PC$175,166
11N Rao Boorgu PC, M.D.$163,987
12Lister Healthcare Corporation$144,659
13Cardiovascular Institute of the Shoals, PC$144,649
14Obstetrics & Gynecology Associates of Northwest Alabama, P.C.$137,009
15Florence Ophthalmology, PC$135,666
16Florence Surgery Center, LP$133,085
17ECM TVCC, LLC$121,871
18Tennessee River Dermatology, PC$116,842
19Shoals Home Services, LLC$112,329
20Northwest Alabama Emergency Medicine, LLC$110,301
21Shoals Hospice, LLC$109,417
22Shoals Committee on Programs and Employment for Mental Retar$108,673
23John M Lane, D.M.D.$88,552
24Internal Medicine Associates of Florence$79,654
25Riverbend Center for Mental Health$78,117
26Shoals Urological Associates, PC$72,808
27Florence Medical Associates, L. L. C.$66,759
28Florence Pathology Services$64,571
29Beer Simon & Associates$64,501
30Alabama Spine and Pain$61,395
31The Lung Center, PC$61,337
32Milner-Rushing Discount Drugs, Inc.$60,353
33Southern Dermatology Center, PC$59,834
34Ambulatory Anesthesia & Pain Medicine, P.C.$55,976
35Rehab and Sports Medicine of the Shoals, Inc.$55,520
36West Alabama Anesthesia, LLC$49,906
37Shoals Orthodontics, P.C.$49,146
38Tennessee Valley Surgery Group$47,669
39Shoals Pediatric Group, P.C.$45,039
40Hames Foot Clinic, Inc.$44,142
41Inter Nal Medicine Clinic, LLC$43,285
42Florence OB/gyn Group, PC$41,990
43Shoals Orthotics & Prosthetics, Inc.$39,107
44Massey Drugs, Inc.$38,262
45Pinnacle Medical Solutions, LLC$37,748
46Tennessee Valley Gastroenterology$37,078
47Martin M Barnes JR, D.M.D.$36,742
48Felix Morris, LLC, M.D.$31,246
49Wilson Dental, Inc.$26,554
50Stepping Stone Pediatric Therapy, Inc.$24,063

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