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Monmouth Times

Sunday, September 29, 2024

HHS provides $1.2 million to businesses in Atlantic Highlands under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Atlantic Highlands received $1.2 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 New Jersey received $4.3 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 HMH Hospitals Corporation with a total of $401.2 million. The average loan size in the city was $87,114 while the state's average loan amount was $261,158.

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
1King James Care Center of Middletown, LLC$948,244
2American Skin and Cancer Center, PC$63,669
3Seabright Pharmacy, Inc.$59,355
4Eastpointe Integrated Healthcare, LLC$45,310
5Srinivasa R. MovvaPC, M.D.$28,751
6Marc E Gordon PC, D.M.D.$21,603
7Atlantic Highlands Medical Associates, LLC$14,266
8Senior Care Options, Inc.$12,950
9Robert F Tanne PA, D.M.D.$11,131
10Mark Sobel PC, M.D.$6,010
11Brielle Integrated Healthcare, LLC$5,355
12Reunion RX, LLC$1,135
13Alan Shapiro$942
14Julie Page$868

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