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Thursday, December 26, 2024

HHS provides $10.2 million to businesses in Magnolia under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Magnolia received $10.2 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 Arkansas received $931.5 million 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 Baptist Health with a total of $79.2 million. The average loan size in the city was $390,574 while the state's average loan amount was $270,064.

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
1Magnolia Regional Medical Center$9,105,965
2Community Compassion Magnolia$541,335
3Ivory A. Kinslow Mdpa$78,673
4Southern Medical Group, LLC$68,411
5Magnolia Specialized Services, Inc.$58,837
6James W. Chambliss PLLC PA, M.D.$50,722
7Columbia County Ambulance Service Company, Inc.$39,822
8Magnolia Surgery Center, LLC$39,131
9Physiques, Inc.$22,678
10Healthquest Multidisciplinary Therapy and Rehabilitation$19,711
11Physical Rehabilitation Company, LLC$18,560
12Urgent Care Associates, LLC$18,079
13Emergency Staffing Solutions Region III$16,728
14Ked Davis, PLLC, PA, M.D.$16,400
15Gregory D Payne, D.D.S.$12,993
16Daniel T. Beene$11,512
17WPM Community Pharmacies, LLC$9,770
18Franklin D. Selman$8,980
19Magnolia Health Holdings, LLC$8,134
20Magnolia Pediatric Clinic, Inc.$3,195
21Eddie Scott Epperson, OD$1,875
22Jeffery Lewis E.D.C.$1,100
23Wilson Bearden Pharmacy, Inc.$1,037
24College Pharmacy, Inc.$743
25John Butler$389
26John E Alexander JR PA, M.D.$152

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