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East Central Iowa News

Tuesday, December 24, 2024

HHS provides $8.6 million to businesses in Grinnell under CARES Act

Genbusiness005

Through the fourth quarter of 2020, businesses in Grinnell received $8.6 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 Iowa received $1.1 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 State University of Iowa with a total of $62.3 million. The average loan size in the city was $329,629 while the state's average loan amount was $293,046.

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
1Grinnell Regional Medical Center$6,679,338
2St. Francis Manor, Inc.$635,071
3Mayflower Homes, Inc.$512,467
4Hospice of the Midwest, LLC$397,984
5Smith, cunningham, roudabush, &miller, L. L. P., D.D.S.$98,841
6Matthew C Mcknight PC, D.P.M.$89,530
7Scott W Baumann PC, D.D.S.$27,985
8Grinnell Family Care, PC$25,600
9Grinnell Eye Care, PC$18,850
10Capstone Behavioral Healthcare, Inc.$12,933
11Family Medicine$12,431
12Jennifer M Rayburn, PC$12,173
13Lance Strovers$11,591
14Davis Psychological Services, PC$9,318
15Jensen Optometrists, PLLC$8,204
16Renfrow Senior Care$4,588
17Smith Family Chiropractic, PC$3,082
18B. J. Brown Chiropractic, P.C.$2,871
19Scott Collings PC, OD$2,681
20Steiner & Associates$1,998
21Matthew Koenen$1,423
22Kun-Hong Lu, PC$628
23Utech Integrative Health, PC$346
24Huan Perman$152
25Clarity Eyecare, LLP$147
26Gallegos Counseling, LLC$125

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