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Sunday, September 29, 2024

HHS provides $8.1 million to businesses in Red Bank under CARES Act

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Through the fourth quarter of 2020, businesses in Red Bank received $8.1 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 $62,921 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
1Northern Kentucky Behavioral, LLC$3,077,390
2Orthopaedic Sports Medicine and Rehabilitation Center$730,963
3Springpoint at the Atrium, Inc.$535,750
4Twin Diamond Operator, LLC$444,003
5Sun Houston, LLC$409,197
6Integrated Medicine Alliance PA$398,879
7Emergency Asociates of Montclair, LLC$184,886
8Del Negro & Senft Eye Associates, P.C.$179,987
9Christopher B. Kruse, LLC, M.D.$137,437
10Fresenius Medical Care Riverview, LLC$126,527
11Parkway Anesthesia Associates, LLC$123,476
12Emergency Associates of Woonsocket, LLC$105,173
13Robert Korwin PA, D.M.D.$100,633
14Allcare Orthotic & Prosthetic Services, LLC$92,793
15Park Hill Emegency Physician Services, PC$86,648
16Stadium Emergency Associates, LLC$66,464
17Chambers Emergency Associates PA$58,906
18Riverview Foot & Ankle Associates, PC$58,265
19Allan Ruda PC, D.D.S.$55,205
20Maxillofacial Surgery Center for Excellence, LLC$50,593
21North Bergen Hospitalists$42,074
22Bertram Feinswog PA, D.D.S.$41,193
23Chapel Hill Dental Arts Pa$41,090
24Charles F. Leone, LLC$40,879
25The Perfect Smile$38,602
26Intensivists at Highland PA$35,452
27Dr. Edward Maslansky$34,378
28Eric Gordon PA, D.M.D.$32,766
29Michael J Santo PA, D.D.S.$32,758
30Denise Dibona, LLC, D.D.S.$29,959
31Capule, LLC$28,027
32Children's Dental Center of Monmouth$27,162
33Greater Monmouth Neurology, PC$26,145
34Midatlantic Eye Center, Inc.$25,908
35Behavioral Health Specialists at Highland, LLC$24,821
36Associated Dermatologists of Monmouth, P C$24,269
37We Care Adult Care, Inc.$23,903
38Erin M. Curtis, P. C., O.D.$23,748
39Hector Morales, P. C., D.D.S.$21,269
40Crest Red Bank Physical Therapy, P. A.$21,073
41Rutgers Health RWJ Psychiatry Clinic$20,841
42Lawrence Frieman PA, M.D.$19,672
43Robert Incitti$19,663
44Ross Schwartz$19,121
45John S Greco JR PA, M.D.$17,796
46Allergy & Asthma Associates, Inc.$16,920
47Red Bank Dental Associates$16,240
48Meridian Cardiovascular Interpretive Services, PC$16,188
49Roland L Belluscio LLC, M.D.$16,042
50Red Bank Smiles, LLC$14,901

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