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Friday, November 22, 2024

HHS provides $12.5 million to businesses in Boone under CARES Act

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Through the fourth quarter of 2020, businesses in Boone received $12.5 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 North Carolina received $2.3 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 Carolinas Medical Center with a total of $135.4 million. The average loan size in the city was $223,665 while the state's average loan amount was $245,727.

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
1Watauga Medical Center, Inc.$8,571,067
2Graystone Ophthalmology Associates, P. A.$801,983
3Glenbridge Health and Rehabilitation Center, LLC$762,608
4High Country Community Health$609,360
5Appalachian Regional Medical Associates, Inc.$495,645
6Boone Dermatology Clinic$259,480
7Blue Ridge Pediatric & Adolescent Medici$110,246
8Speechcenter, Inc.$92,548
9DRS. Mayhew and Scheffler$81,627
10Blue Ridge Ear, Nose and Throat, Inc.$72,002
11Western Carolina Eye Associates, PA$67,549
12Watauga Medics, Inc.$58,013
13Watauga Radiological Services PA$54,571
14Julia Tyson, P. A., D.D.S.$41,234
15Daniel J Sullivan PA, OD$40,488
16J. Chance Powell, PA, D.D.S.$38,806
17Larry E. Stigall, PA, D.D.S.$30,696
18Robert H Bridgeman, PA, D.D.S.$27,074
19Marshall C. Murrey, M.D.$23,245
20High Country Neurology, PC$22,933
21Primedical Healthcare PA$21,955
22Watauga Anesthesia Associates PA$20,829
23Blue Ridge Plastic Surgery Group, PLLC$20,549
24Compassionate Care of NC, P. A.$18,893
25Homa Azargoon PLLC, D.D.S.$17,804
26M. J. Mayhew, P. A.$16,446
27Boone Neurological Services PA$15,710
28Richard M. Forbes, PA, D.M.D.$15,068
29James B. Graham Ddspa$12,306
30James P. Rubel$12,001
31Waldrep and Waldrep, P. L. L. C., D.M.D.$11,642
32Boone Podiatry Pa$11,505
33Hawthorne Chiropractic Center, PA$9,867
34Mountain Laurel Family Practice, PLLC$9,085
35Appalachian Family Practice Pa$7,617
36Pamela Hagaman$7,232
37David Cline$4,758
38Appalachian State University$4,150
39Goldman Center for Facial Plastic Surgery, PLLC$3,819
40Better Days and Nights$3,676
41Batchelor Chiropractic Clinic P. A$3,292
42Kyndall Boyle$2,667
43Appalachian Regional Pain Center$2,485
44VLD, PLLC$2,401
45Boone Drug New Market, LLC$2,100
46Innate Chiropractic, PLLC$1,609
47Fidler Chiropractic Center$992
48Ronald Hood$751
49True North Counseling, PLLC$632
50B3 Therapy, PLLC$521

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