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Sunday, September 22, 2024

HHS provides $423,455 to businesses in Spencerport under CARES Act

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Through the fourth quarter of 2020, businesses in Spencerport received $423,455 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 York State received $11.9 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 New York City Health and Hospitals Corporation with a total of $1.2 billion. The average loan size in the city was $32,573 while the state's average loan amount was $368,700.

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
1LFG Operating, LLC$219,616
2NGH Physical Therapy Associates, PC$87,604
3Rivoli and Rivoli Orhtodontics, PC$25,046
4Mary E. Vadas, LLC, OD$24,120
5Monroe Podiatry Group$20,546
6Rivoli Dental, PC$13,186
7Donald D Smith PC, D.M.D.$9,958
8Jeffrey Teibel$6,924
9Suzanne Hefferan$6,643
10George R. Stefanos P. C, M.D.$3,889
11Rivoli Dental of Glens Falls$3,167
12Integrated Physical Therapy of Rochester, LLC$2,457
13Carol E. Horowitz, LCSW, LLC$299

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