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Tuesday, October 1, 2024

HHS provides $1.2 million to businesses in Sheffield under CARES Act

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Through the fourth quarter of 2020, businesses in Sheffield received $1.2 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 $53,269 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
1Shoals Primary Care, LLC$409,841
2Northwest Alabama Health Services, LLC$157,786
3Oral & Facial Surgery of the Shoals, LLC$124,895
4HH Digestive Disease Center$86,402
5Northwest Emergency Physician Group$72,834
6Valley Radiological Association, PC$63,390
7William R. Welborn$56,192
8Tennessee River Eye Clinic$36,295
9NW Alabama Practice Management, LLC$27,087
10Surgical Associates of the Shoals, PC$18,325
11Martin Foot Specialists, Inc.$15,889
12Tennessee Valley Enterprise Clinic, P.C.$14,799
13Advanced Surgical Care, PC$14,680
14Keller Hospitalist Services$14,187
15Shoals Ear Nose & Throat Group, PC$14,092
16North Alabama Physicians Service, LLC$13,211
17Colbert Ob Gyn$11,018
18Shoals Pathology Services, LLC$8,065
19Michael O. Stutts LLC, O.D.$6,819
20Laurence C Carmichael PC, M.D.$2,967
21F. C. Gapultos, JR., M.D.$2,834
22Tennessee River Urgent Care$315

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