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Sunday, September 22, 2024

HHS provides $12.2 million to businesses in Hobart under CARES Act

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Through the fourth quarter of 2020, businesses in Hobart received $12.2 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 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 $610,072 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. Mary Medical Center, Inc.$11,373,121
2Pulmonary Specialists of Northwest Indiana, PC$189,987
3Cardiovascular Consulting Associates, PC$167,204
4David G Gross PC, D.O.$92,624
524 on Physician Partners, PC$67,423
6Indiana Surgical Associates, PC$61,513
7Carepointe, P.C.$57,571
8Lake Park Dental Group$52,743
9Ridgewood Dental, PC$31,154
10City of Hobart$26,374
11Calumet Orthopedic & Prosthetics Company, Inc.$20,411
12Milton Gasparis$19,742
13Advanced Endocrinology and Diabetes Center$19,303
14Connery Pediatrics, LLC$7,889
15Pain Management Specialists, LLC$5,835
16Cardiodiagnostics, PC$4,831
17William Nordbrock$1,907
18Grace Counseling & Associates, Inc.$1,611
19Cosmetic and Plastic Surgery of Northwest Indiana, PC$111
20Insights Counseling, LLC$79

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