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Saturday, November 23, 2024

HHS provides $4.5 million to businesses in Holdenville under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Holdenville received $4.5 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 Oklahoma received $1.2 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 Ou Medicine, Inc. with a total of $74.1 million. The average loan size in the city was $372,794 while the state's average loan amount was $249,963.

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
1Holdenville Hospital Authority$3,662,257
2Heritage Village Nursing Center, LLC$604,788
3Sanderling Renal Services of Holdenville$72,402
4Gary J Lavalley, PC$45,917
5Sooner Health Services III, Inc.$41,391
6Hughes County Emergency Medical Services$27,287
7Lavalley Dental Care, Inc.$13,436
8Willard Freeman$1,936
9Corner Clinic Aprn-Cnp, PLLC$1,868
10Laura Arthur$1,275
11Don Shields$634
12Harry C Fisher D O, P C$331

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