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Wednesday, October 2, 2024

HHS provides $1.7 million to businesses in Newport under CARES Act

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Through the fourth quarter of 2020, businesses in Newport received $1.7 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 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 $73,547 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
1LTC of Newport, LLC$753,190
2Waters of Newport, LLC$691,562
3St. Michaels Place, Inc.$58,298
4White River EMS, Inc.$32,783
5Ralph a Teed PA, D.D.S.$27,994
6Joseph S Barker PA, D.D.S.$20,946
7Harris Emergency Physicians, PLLC$20,703
8Newport Advanced Physical Therapy, Inc.$13,663
9Kelly McKinney$13,269
10Patti J Mullins PA, D.D.S.$10,670
11Newport Radiology Consultants PA$9,235
12Frank Love$8,687
13Gavin T. McDowell$7,555
14City of Newport Office of City Clerk$6,548
15Wynne Chiropractic Clinic$5,420
16Chiropractic Health Center$3,092
17Gates Eye Care Center, Inc.$2,581
18Newport Special School District$2,508
19Falwell Medical Clinic, Inc.$1,930
20RX Hound, Inc.$352
21Bryant Holifield & Davis Pharmacy$337
22Jimmie N. Darling Pa$140
23Harris Hearing Center, Inc.$127

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