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Sunday, September 22, 2024

HHS provides $656,556 to businesses in Mount Vernon under CARES Act

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Through the fourth quarter of 2020, businesses in Mount Vernon received $656,556 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 Texas received $6.9 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 Memorial Hermann Health System with a total of $309.8 million. The average loan size in the city was $93,794 while the state's average loan amount was $221,294.

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
1LS Vernon Operator, LLC$189,123
2TRI County Group XV, Inc.$175,502
3Wesley Partners, Ltd.$155,513
4Wesley Partners Senior Living, LLC$94,009
5Franklin Dentistry Associates, P. A.$17,701
6Mount Vernon Healthcare Residence, LLC$17,177
7Michael a. Walker, P. A., D.O.$7,531

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