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Sunday, November 24, 2024

HHS provides $8.4 million to businesses in Muscle Shoals under CARES Act

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Through the fourth quarter of 2020, businesses in Muscle Shoals received $8.4 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 $417,982 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.

All PPP loan recipients
RankBusinessDollar Amount Received
1Rchp-Florence, LLC$7,818,367
2Avalon Medical Center, PC$162,947
3KL Arnold Enterprises, Inc.$130,000
4Anesthesia Medical Consultants, LLC$100,586
5Brentwood Operations$26,861
6Serenus Senior Care Advisors, PLLC$22,143
7James D Hudson, D.M.D.$21,686
8Bowen Orthodontics, LLC$21,183
9Shoals Surgical Group, LLC$19,246
10North Alabama Podiatry, LLC$12,226
11Shoals Health Group, LLC$8,372
12Advanced Therapy Center, Inc.$5,637
13Avalon Pharmacy, Inc.$3,522
14Med-Plus Muscle Shoals, LLC$3,100
15Scott Family Chiropractic, Inc.$1,412
16Diabetes and Wellness Clinic of the Shoals$615
17Valley Chiropractic, Inc.$605
18Healthsource of Muscle Shoals$595
19Alabama Healthcare Equipment, Inc.$501
20Elizabeth Ann Dunaway, P.C.$42

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