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Sunday, September 29, 2024

HHS provides $3.5 million to businesses in Matawan under CARES Act

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Through the fourth quarter of 2020, businesses in Matawan received $3.5 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 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 $60,831 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.

50 largest PPP loan recipients
RankBusinessDollar Amount Received
138 40 Freneau Avenue Operating Company, LLC$1,223,980
2625 State Highway 34 Operations, LLC$1,048,254
3Old Bridge Spine & Wellness Center$398,205
4Stress Care of New Jersey$125,500
5Fresenius Medical Care Matawan, LLC$88,762
6The Doctor's Office, PC$66,608
7Functional Healthcare, PC$57,399
8Garden State Smiles Matawan, LLC$50,816
9Matawan Aberdeen Heart & Medical Center$40,745
10Steve H. Silberberg, LLC, O.D.$38,528
11Hoch Orthodontics, LLC$38,367
12Stuart S. Albin$35,191
13Old Bridge Township Emergency Medical Services, Inc.$30,515
14Double Vision, PC$28,804
15Family and Cosmetic Dental Care$27,446
16Mullaney and Associates Physical Therapy$15,411
17Dr. Lynn Motasis$14,694
18Barton Orthodontics$13,757
19Michael Scagnelli PA, D.M.D.$10,661
20Elegant Smile of Matawan$9,890
21Kids First Dentistry, LLC$9,583
22Manish Patel PC, M.D.$8,210
23Downtown Osteoporosis Center$7,228
24Tarlochan Bhambra$6,819
25Belmar First Aid Squad Incorporated$6,263
26Peltzman Chiropractic Associates, LLC$5,897
27Harold V Mckenna PA, M.D.$5,346
28Universal Health Care Navigators$4,552
29Ira Stein$4,388
30Feola Foot and Ankle Associates, LLC$4,004
31First Choice Rehabilitation and Consulting Services, LLC$3,853
32Sumitra Agarwal LLC, M.D.$3,168
33Mcguire Chiropractic, LLC$3,019
34Jersey Medical Care, PC$2,835
35Thomas Bruno$2,766
36Simone Family Medicine, LLC$2,687
37Steven E Buchman, P. A., O.D.$2,531
38Crown Rehab, Inc.$2,453
39Keri Petrone, PSY. D, LLC$2,200
40Center for Marriage & Family Therapy, PC$2,148
41About YOU Chiropractic, LLC$2,144
42Mark Goldberg$1,780
43Dr. John J. Shannon. Pa.$1,766
44Kathleen Leo$1,745
45Barbara Fleischer$1,411
46Paul Bambara$997
47Meryl Goldberg$939
48Parabhram, LLC$696
49Annamaria Pruscino$669
50Anchored Hope Counseling Center$586

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