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Sunday, September 29, 2024

HHS provides $50 million to businesses in Long Branch under CARES Act

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Through the fourth quarter of 2020, businesses in Long Branch received $50 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 $1.3 million 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
1Monmouth Medical Center, Inc.$48,835,706
2Atlantic Eye Physicians Pa$244,908
3Monmouth Family Health Center, Inc.$189,758
4Atlantic Surgery Center, LLC$144,390
5West END Family Pharmacy, Inc.$100,873
6Monmouth Emergency Medical Associates, LLC$79,499
7Natural Healthcare Center of West END, LLC$59,968
8Monmouth Medical Imaging, PA$55,103
9Monmouth Medical Center Faculty Practice Plan, Inc.$47,465
10Monmouth Functional Neurology Center$39,466
11Kevin J Holton DC, LLC$36,264
12George S Constantinopoulos, LLC, M.D.$29,815
13Glenn Zwerin$20,208
14Long Branch First Aid and Safety Squad Corporation$19,676
15Core PT, LLC$14,492
16Martin Luria$14,322
17Dermatology and Laser Center PA$12,442
18Barry P. Rubino, PA, M.D.$11,820
19Debra Molbegott$11,410
20Irina Vilenskaya PC, M.D.$9,644
21Weinberg and Morris, P.C.$8,886
22Richard a. Reutter, M.D.$7,702
23Savvymed$6,481
24Schwartz Physical Therapy$6,283
25Tyler Richards$5,991
26Carlos G Rivera, PC, M.D.$5,827
27Dr. Gregory Rosen$5,464
28Russell Holstein$4,964
29August Wreiole$4,775
30Propel Rehabilitation & Wellness, LLC$3,296
31Fredric Harris$2,087
32Beatrice Mittman$2,042
33Nami Khulusi LLC, M.D.$1,907
34Robert Hershkowitz$1,861
35Dale M Mortenson LCSW, LLC$1,795
36CRP Behavioral Health$1,574
37Vraj, Inc.$319
38North Long Branch Pharmacy$197
39Monmouth Hyperbaric Associates, LLC$194
40Homestead Pharmacy$138

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