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Saturday, December 28, 2024

HHS provides $9.3 million to businesses in Spencer under CARES Act

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Through the fourth quarter of 2020, businesses in Spencer received $9.3 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 Iowa received $1.1 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 State University of Iowa with a total of $62.3 million. The average loan size in the city was $331,095 while the state's average loan amount was $293,046.

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
1Spencer Municipal Hospital$7,089,691
2Longhouse-Northshire, Ltd.$624,792
3St. Luke Homes & Services, Inc.$591,791
4Nwia Bone, Joint & Sports Surgeons, PC$170,849
5Northwest Iowa Mental Health Center$127,212
6DRS. Fox and Boyd Family Dentistry, PLC$111,390
7Northwest Iowa Urologists, PC$97,416
8Northwest Iowa Surgeons, PC$79,446
9Midwest Radiology and Imaging, PC$53,672
10Northwest Iowa Anesthesia Associates$49,296
11Crown Clinics, LLC$48,623
12Gary C. Van Hofwegen D. D. S., P.C.$43,765
13Avera Home Medical Equipment of Spencer Hospital, LLC$32,222
14Physicians Laboratory of Northwest Iowa, Ltd.$28,907
15Orthopaedics, PC$28,458
16Breuer Eye Care$21,794
17Schmidt Pediatric Dentistry, PC$20,352
18Spencer Chiropractic & Wellness Center, PC$9,902
19Spencer Total Family Eyecare, PC$9,063
20Spencer Convenient Healthcare, LLC$8,191
21Burns Chiropractic Center$8,118
22Marvin Hurd$4,898
23Spencer Psychiatric & Counseling Services, LLC$3,952
24Stanley Family Chiropractic, PC$3,160
25Fisher Family Chiropractic, PC$1,466
26Walburg Family Chiropractic, LLC$785
27Dennis Zylstra$771
28Linda Grohe$666

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