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Sunday, November 24, 2024

HHS provides $6.2 million to businesses in Boone under CARES Act

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Through the fourth quarter of 2020, businesses in Boone received $6.2 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 Iowa received $1.1 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 State University of Iowa with a total of $62.3 million. The average loan size in the city was $365,013 while the state's average loan amount was $293,046.

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
1Boone County Hospital$4,845,060
2Westhaven Community a Ministry of the Evangelical Free Church$722,654
3Eastern Star Masonic Home$520,155
4Boone County Family Medicine Trustee$36,312
5Boone Family Dentistry, PLLC$27,498
6Boone Vision Center, LLC$10,408
7Frank Sunstrom & Jon Sunstrom D.D.S. PC, D.D.S.$9,500
8Madrid Family Practice Clinic$8,974
9Boone Valley Dental, LLC$6,127
10Weisbrod Chiropractic, PC$5,165
11Kinne Family Pharmacy, Inc.$4,821
12Khan Chiropractic, PLLC$2,237
13Clinical Psychology, PLC$2,021
14Dale Thompson$1,687
15Sprecher Family Chiropractic, P.C.$1,296
16Raphael Montag$1,038
17Renee Montag$274

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