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SW Arkansas Times

Wednesday, October 2, 2024

HHS provides $5.3 million to businesses in Nashville under CARES Act

Genbusiness004

Through the fourth quarter of 2020, businesses in Nashville received $5.3 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 $378,709 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
1Howard Memorial Hospital$4,033,944
2Nashville Nursing and Rehab, Inc.$499,342
3Southwest Arkansas Homecare, LLC$369,321
4Community Compassion Nashville$324,037
5Ferguson Health Care, Inc.$20,854
6HMH Physician Services, LLC$16,243
7John Sayre$12,011
8Rehab Specialists, Inc.$12,007
9Rick a Bell PA, OD$5,719
10Compassion Health & Wellness Clinic, PLLC$4,877
11Southwest Chiropractic, Inc.$1,238
12Joe F. Chaney Jr.$1,129
13Power Family Enterprises, Inc.$857
14Select Medical Supplies of Arkansas, Inc.$348

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