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Friday, November 22, 2024

HHS provides $7.8 million to businesses in Franklinton under CARES Act

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Through the fourth quarter of 2020, businesses in Franklinton received $7.8 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 Louisiana received $2.1 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 Ochsner Clinic Foundation with a total of $139.4 million. The average loan size in the city was $460,137 while the state's average loan amount was $320,728.

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
1Riverside Medical Center$6,068,603
2Franklinton Healthcare, LLC$723,311
3Home Away from Home, Inc.$516,055
4BGM Group, LLC$198,533
5Excel Home Health Services, Inc.$134,275
64 Your Eyes, LLC$77,454
7Williams Family Pharmacy, LLC$39,740
8Luis M. Alvarado$16,659
9Jerry a Thomas, LLC, M.D.$12,495
10Franklinton Physical Therapy, LLC$11,721
11Mcvea Dental Center$10,732
12Earle R. Brown Jr.$4,360
13Terrence H Truxillo, D.D.S.$4,078
14Rx Remedies$2,042
15Jill Gibson, M.D.$1,473
16Positive Approaches, LLC$551
17Creel's Family Pharmacy, LLC$249

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