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Saturday, November 23, 2024

HHS provides $4.5 million to businesses in Galena under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Galena received $4.5 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 Illinois received $5.2 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 Advocate Health and Hospitals Corporation with a total of $316 million. The average loan size in the city was $451,702 while the state's average loan amount was $335,543.

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
1Midwest Medical Center$4,464,797
2Brian O Schoenrock, D.D.S.$21,924
3Galena Family Dental, PC$9,209
4Westside Orthopaedics, P.C.$8,806
5Galena Area Emergency Medical Service District$7,251
6Rebecca Rosenthal$1,993
7Galena Chiropractic Center, PC$1,726
8Joel Heer$814
9Trent Hagen$260
10Sarah MacHala$244

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