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Sunday, September 29, 2024

HHS provides $2.4 million to businesses in Tinton Falls under CARES Act

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Through the fourth quarter of 2020, businesses in Tinton Falls received $2.4 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 $42,885 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
1Seabrook Village, Inc.$687,947
2Shore Orthopaedic Group, LLC$254,860
3Erickson Health Medical Group of NJ$228,043
4Trinity Key Holdings, Inc.$166,844
5Cornerstones Autism Services, LLC$157,067
6Riverview Medical Associates PA$147,479
7Advanced Dermatology Surgery Center$107,827
8Millburn Medical Imaging, PA$75,231
9Twenty-First Century Dental$51,765
10Holmdel Physician Associates$51,033
11Mission Hospitalists$39,822
12Jeffrey N Zatzkin PC, D.D.S.$39,052
13James Marc Schlesinger, P. C., M.D.$34,808
14Donald a Macdonald, M.D.$34,252
15Central Jersey Rehabilitation Medicine, LLC$29,732
16Rozman Medical Rehabilitation, Inc.$29,043
17Spine & Sports Medicine of Tinton Falls, LLC$26,254
18Elder Life Management, LLC$25,192
19Marshall a. Field PA, OD$16,902
20Alvarado Radiology Group a Professional Corporation, Inc.$15,071
21The Woods O. R., Inc.$14,565
22Kenneth Wasser$14,462
23Princeton Pathology Services, PLLC$13,483
24Monmouth Spine Center, LLC$12,116
25The Arc of Monmouth, Inc.$11,772
26Active Healing Center for Wellness, Inc.$11,732
27Two River Allergy & Asthma Group, LLC$11,366
28Nottingham Physician Associates, P. A.$11,350
29Apex Sports and Regenerative Medicine, LLC$10,546
30Geriatrics and Internal Medicine, LLC$10,139
31The Center for Physical Medicine and Rehabilitation, LLC$9,944
32Karl E. Kado, D.P.M.$9,180
33Tinton Falls Emergency Medical Services, Inc.$8,682
34AMG Dental, LLC$8,294
35Michael Demarco$7,502
36Crest Hazlet Physical Therapy, LLC$7,449
37Dermatology Health Center$6,855
38Alan Pertchik$5,748
39Todd Losapio LLC, D.M.D.$5,267
40Donald Guerrier$5,032
41Action Mobility Transportation Services, L.L.C.$4,969
42True Physical Therapy, LLC$4,466
43Evan Rubin$3,524
44Phillipa Woodriffe$3,263
45Danielle Bossert LPC, LLC$2,918
46Quality of Life Chiropractic Center, LLC$2,564
47John Castellini$2,263
48Linda Hochman$1,572
49Diane Kehn$1,255
50Bartolomeo Buono$1,205

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