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Sunday, September 29, 2024

HHS provides $687,025 to businesses in Salem under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Salem received $687,025 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 New Jersey received $4.3 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 HMH Hospitals Corporation with a total of $401.2 million. The average loan size in the city was $32,715 while the state's average loan amount was $261,158.

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
1Independence Rehabilitation, LLC$154,152
2Cooper Univeristy Emergency Physicians, PC$146,812
3Diagnostic Pathology Consultants, PA$62,583
4SRI Sai Ganesh, Inc.$49,712
5Wamiq Sultan$47,049
6Salem Home Health, LLC$40,482
7Precision Radiation Oncology, PC$40,041
8South Jersey Medical Transportation$32,079
9Pulmonary & Sleep Consultants, PC$30,259
10John Amrien$22,411
11TRI State Nephrologists, LLC$14,532
12ARC of NJ ARC of Salem County, Inc.$12,643
13Denis Tavani$10,720
14Pedro Dayrit$10,698
15Steven K. Park, M. D., P. A.$5,017
16Jay Calesnick$3,412
17EKG Interpreters of Salem County PA$1,801
18Acenda, Inc.$859
19Amante N. Decastro, P. A., M.D.$755
20Thomas Howard$659
21Sultan Seretis Bussey Hospitalist, LLC$349

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