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Sunday, September 22, 2024

HHS provides $25.3 million to businesses in East Chicago under CARES Act

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Through the fourth quarter of 2020, businesses in East Chicago received $25.3 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 Indiana received $1.9 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 Reid Hospital & Health Care Services, Inc. with a total of $58.5 million. The average loan size in the city was $1.9 million while the state's average loan amount was $352,160.

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
1St. Catherine Hospital, Inc.$25,004,676
2Davken Associates, P.C.$111,964
3219 Health Network, Inc.$106,342
4Rehabilitation Medicine Associates, PC$31,475
5Okolocha Medical Corporation$23,354
6Amit Saparia Inc., D.D.S.$20,230
7Arvind Kakodkar$13,170
8Iyer Pediatric Care Clinic$12,687
9Chikare Health System, PC$9,462
10Ralph W Richter JR, M.D.$6,649
11KDL Enterprises, Inc.$4,135
12NWI Home Doctor, LLC$3,265
13Illiana Psychiatric Associates PC, Inc.$2,496

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