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Thursday, November 7, 2024

HHS provides $5.8 million to businesses in Fredericktown under CARES Act

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Through the fourth quarter of 2020, businesses in Fredericktown received $5.8 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 Missouri received $2 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 Childrens Mercy Hospital with a total of $64.5 million. The average loan size in the city was $364,935 while the state's average loan amount was $323,845.

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
1Madison Medical Center Stockhoff Memorial Nursing Home$4,794,029
2N & R of Fredericktown, Inc.$498,137
3Safe Harbor Hospice, Inc.$190,418
4Community Healthcare Associates, Inc.$159,920
5Heart and Vascular Associates, LLC$45,343
6Residential Psychiatric Services, Inc.$44,685
7Parkland Pharmacy Development, LLC$30,000
8Madison County Ambulance District$26,232
9Home Care Nursing, Inc.$18,814
10Robbins Family Healthcare, LLC$14,593
11Fredericktown Vision Center, Inc.$6,656
12Madison County Health Department$3,974
13Discover Home Care$2,799
14Philip Wulfert$1,378
15Sage Services, LLC$1,122
16Kevin G. Roberts D. C., P.C.$862

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