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Sunday, September 29, 2024

HHS provides $557,537 to businesses in Lincroft under CARES Act

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Through the fourth quarter of 2020, businesses in Lincroft received $557,537 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 $32,796 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
1DE LA Salle Hall, Inc.$249,009
2Patrick T. Cuozzo PA, D.D.S.$65,740
3Newman Springs Dental Care, LLC$56,000
4Brad J Dimperio PA, D.M.D.$54,114
5Lincroft Medical Associates, LLC$29,185
6DB Orthopedic Physical Therapy, PC$25,420
7Alliance Oral Surgery$19,814
8Lincroft Foot and Ankle Associates$19,745
9Progressive Physical Rehabilitation, LLC$9,415
10Monmouth Arthritis & Osteoporosis, LLC$8,530
11Patricia Tistan$4,332
12KTSDC, PC$4,289
13Union Family Eyecare, PC$3,955
14Mohsen Rehim$2,683
15Lincroft Oral and Maxillofacial Surgery$2,591
16John Hennessy$2,475
17Jennifer Budd$240

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