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Sunday, September 22, 2024

HHS provides $4.6 million to businesses in Moab under CARES Act

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Through the fourth quarter of 2020, businesses in Moab received $4.6 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 Utah received $602.4 million 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 IHC Health Services, Inc. with a total of $197.1 million. The average loan size in the city was $459,065 while the state's average loan amount was $221,716.

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
1Moab Valley Healthcare, Inc.$4,472,493
2Grand County Emergency Medical Services Special Service District$35,109
3Eastern Utah Pain$35,011
4Todd a Hackney a Professional, OD$16,615
5Ray Andrew PC, M.D.$11,169
6JLMJR Enterprises$6,972
7Moab Physical Therapy and Rehabilitation, LLC$5,518
8Four Corners Community Behavioral Health, Inc.$4,556
9Final Kick Ankle and Foot Clinic, LLC$3,199
10James Ferro$9

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