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Thursday, December 26, 2024

HHS provides $4 million to businesses in Versailles under CARES Act

Genbusiness007

Through the fourth quarter of 2020, businesses in Versailles received $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 Kentucky received $1.6 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 St. Elizabeth Medical Center, Inc. with a total of $67.3 million. The average loan size in the city was $188,216 while the state's average loan amount was $337,672.

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
1Woodford Hospital, LLC$3,719,048
2Taylor Manor, Inc.$68,427
3Versailles Family Medicine, PLLC$40,663
4Apex Mobility Products, LLC$23,003
5Central Kentucky Medical Group, PSC$18,643
6Justice Dental Versailles, PLLC$17,219
7Daniell B. Hill, PSC, M.D.$10,984
8Woodford Physical Therapy Psc$9,326
9Corey T Stith PLLC, D.M.D.$8,963
10Versailles Chiropractic Psc$8,823
11Martin Family Dentistry$8,628
12Eric L Quillen, D.D.S.$6,836
13Lindsay Therapy Services, PSC$3,367
14Family Eyecare Associates PSC$2,728
15Ellen Webb PLLC, M.D.$2,308
16Scott A.D.C. Gralheer$1,110
17Childrens Vision and Learning Center PSC$905
18Wood Chiropractic Center, Inc.$782
19Woodford County Health Department$491
20Versailles Independent Pharmacy, Inc.$282
21Jones-O'Neal Enterprises, PLLC$3

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