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Saturday, November 16, 2024

HHS provides $5.1 million to businesses in Milan under CARES Act

Genbusiness007

Through the fourth quarter of 2020, businesses in Milan received $5.1 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 $257,106 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.

All PPP loan recipients
RankBusinessDollar Amount Received
1Milan General Hospital, Inc.$3,563,155
2NHC Healthcare-Milan, LLC$719,120
3Milan Tn Opco$447,372
4Dynamix Physical Therapy, LLC$118,988
5Gibson County Emergency Medical Service$109,463
6Milan Medical Center, P.C.$56,274
7Kenneth H. Tozer II, M.D.$22,970
8Joel Craig$21,191
9Milan Residential, LLC$15,977
10Balance Medical and Rehab, PLLC$11,296
11Lewis B. Kizer$10,939
12Southern Family Dentistry$10,082
13Gibson County Podiatry, LLC$10,020
14Omni Medical and Rehab, Inc.$8,375
15Milan Eye Clinic$6,828
16Holmes Physical Therapy, LLC$4,657
17Mary Beth Tillman$3,000
18Jesse Dean$1,953
19Edwin Martin$428
20Joel Scott Craig$26

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