Quantcast

Cape Cod Ledger

Friday, November 1, 2024

HHS provides $850,329 to businesses in West Yarmouth under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in West Yarmouth received $850,329 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 Massachusetts received $3.2 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 The General Hospital Corporation with a total of $201.5 million. The average loan size in the city was $85,033 while the state's average loan amount was $298,882.

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
1Maplewood Mayflower Place SNF, LLC$700,837
2Shields MRI & Imaging Center of Cape Cod, LLC$59,487
3Cape Cod Plastic & Hand Surgeons, Inc.$29,166
4Steven Caradimos PC, D.M.D.$25,442
5Professional Endodontics, PC$16,346
6Jefferson S Dexter PC, D.M.D.$11,606
7Lawrence Austin$2,089
8Joseph Bonina$2,024
9Atlantic Coastal Wellness, Inc.$1,993
10Mary Swanson$1,339

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS