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Friday, November 15, 2024

HHS provides $11.9 million to businesses in Point Pleasant under CARES Act

Genbusiness007

Through the fourth quarter of 2020, businesses in Point Pleasant received $11.9 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 West Virginia received $646.6 million 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 Charleston Area Medical Center, Inc. with a total of $74.2 million. The average loan size in the city was $794,665 while the state's average loan amount was $313,135.

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
1Pleasant Valley Hospital, Inc.$11,318,457
2Pleasant Valley Nursing and Rehabilitation Center, Inc.$155,000
3Point Pleasant Physician Billing Services$136,143
4LHCG Lxxxix, LLC$118,638
5Dasco-Pleasant Valley Home Medical Equipment, LLC$89,488
6John a. Wade Inc., M.D.$22,411
7Mason County Action Group, Inc.$18,458
8M F Anwar Inc., M.D.$18,077
9Mountaineer Laboratories, LLC$17,605
10Point Imaging Consultants, Inc.$15,568
11John B. Knight, OD$5,414
12Point Clinic, PLLC$4,208
13Hope for Tomorrow$275
14Vaidya Urology Clinic, Inc.$142
15Mason County Health Department$88

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