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Saturday, September 21, 2024

HHS provides $1.6 million to businesses in Kenai under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Kenai received $1.6 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 Alaska received $239.4 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 Alaska Native Tribal Health Consortium with a total of $29.1 million. The average loan size in the city was $74,069 while the state's average loan amount was $223,924.

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
1Kenaitze Indian Tribe$1,086,112
2Karpik & Rice Eyecare, PC$206,800
3Franklin T. Wortham$53,863
4Independence Healthcare, PC$48,721
5R Lynn Carlson PC Medicenter, M.D.$40,309
6River City Dental, Inc.$28,324
7Freedom Physical Therapy & Sports Rehabilitation, LLC$20,535
8City of Kenai$15,023
9James Julien, D.D.S.$13,224
10Kenneth S Hahn, M.D.$12,756
11Spinal-Care Incorporated$11,332
12Alaska Aquatic Therapy, Inc.$4,449
13Peninsula Ear, Nose & Throat Clinic, Inc.$3,794
14Jesse Atwood Pediatrics, LLC, M.D.$2,844
15Puffin Chiropractic, LLC$2,024
16Kenai Peninsula Imaging Center, LLC$1,826
17Nova Wellness Solutions, LLC$1,329
18Fortitude, Inc.$1,102
19Functional Medicine of Alaska, LLC$908
20Kenai Sports & Family Chiropractic, PC$171
21Michael Merrick$9

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