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Thursday, November 7, 2024

HHS provides $494,990 to businesses in Cottonwood Heights under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Cottonwood Heights received $494,990 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 Utah received $602.4 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 IHC Health Services, Inc. with a total of $197.1 million. The average loan size in the city was $41,249 while the state's average loan amount was $221,716.

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
1New Roads, LLC$168,512
2Spine Care Center, LLC$104,747
3Life Health Medical Center, Inc.$56,123
4Brian W Smith PC, D.D.S.$42,646
5Van Leeuwen Dental, LLC$27,626
6Sadler Endodontics, PLLC$27,496
7Bender Dental, LLC$25,851
8JQ Medical Supply, Inc.$20,192
9Dynamic Physical Therapy, LLC$11,485
10White Peak Dental$6,627
11Performance Rehab Clinic-Salt Lake$3,601
12Future Care Plan, Inc.$84

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