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Thursday, November 7, 2024

HHS provides $6.7 million to businesses in Spirit Lake under CARES Act

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Through the fourth quarter of 2020, businesses in Spirit Lake received $6.7 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 $444,167 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
1Lakes Regional Healthcare$4,895,489
2Accura Healthcare of Spirit Lake, LLC$583,119
3Iowa Hospice, LLC$545,681
4Hawkeye Care Center of Dubuque, LLC$508,679
5Lakes Lifeskills, LLC$48,605
6Darren J. Dotson, PC, D.D.S.$29,958
7Newell Orthodontics, PC$20,644
8Great Lakes Physical Therapy, PC$7,801
9Dixon Family Chiropractic, PC$7,414
10Steven Fiala$6,207
11Tarra Vander Leest PC, OD$3,126
12Shade of the Tree$2,550
13Jason Hamm Dcpc$1,803
14Elite Health & Wellness, PC$1,089
15Hill Avenue Chiropractic, Inc.$346

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