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Saturday, November 2, 2024

HHS provides $34.9 million to businesses in Urbana under CARES Act

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Through the fourth quarter of 2020, businesses in Urbana received $34.9 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 Illinois received $5.2 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 Advocate Health and Hospitals Corporation with a total of $316 million. The average loan size in the city was $1.9 million while the state's average loan amount was $335,543.

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
1The Carle Foundation Hospital$20,883,288
2Carle Health Care Incorporated$5,701,986
3Hoopeston Community Memorial Hospital$5,596,047
4University Rehabilitation Center of C-U, LLC$1,536,421
5Clark-Lindsey Village, Inc.$692,747
6Renal Research Institute, LLC$265,932
7Prairie Winds of Urbana, L. P.$60,057
8Chifan Cheng PC, D.D.S.$35,761
9J. Barry Howell PC, D.D.S.$31,499
10V. Aravind Reddy P. C., M.D.$24,771
11Ellen Jacobsen$15,966
12Respiracare Medical Equipment, Inc.$14,745
13Heel to Toe, Inc.$5,332
14Medserv Equipment Corp$4,566
15Kevin Elliott Counseling, Inc.$3,242
16Zarbuck Chiropractic Clinic General$3,106
17Antonio Leone$1,267
18Mark Paunicka$994

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