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New River Valley Times

Thursday, November 7, 2024

HHS provides $505,829 to businesses in Pulaski under CARES Act

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Through the fourth quarter of 2020, businesses in Pulaski received $505,829 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 Virginia received $1.7 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 Inova Health Care Services with a total of $187.5 million. The average loan size in the city was $33,722 while the state's average loan amount was $198,948.

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
1Virginia Homecare, LLC$210,959
2Montgomery Radiology Associates, Inc.$66,920
3Kingsford Emergency Group, LLC$41,267
4Ajaykumar a Acharya PC, M.D.$36,309
5Kingsford Physician Services, LLC$29,787
6New River Valley Medicine, PC$28,526
7Matthew S. Kaatz P. C., M.D.$27,669
8River Valley Healthcare Associates, PC$27,265
9Allen Providing Health Care Services, Inc.$16,933
10Andrea Rupe$9,119
11Hyduke J.$4,085
12Martins Pharmacy, Inc.$2,867
13Foothills Chiropractic Clinic, PC$2,239
14Amy Doty$1,840
15Parasmani Acharya$44

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