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Friday, November 1, 2024

HHS provides $5.9 million to businesses in Franklin under CARES Act

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Through the fourth quarter of 2020, businesses in Franklin received $5.9 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 Kentucky received $1.6 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 St. Elizabeth Medical Center, Inc. with a total of $67.3 million. The average loan size in the city was $420,053 while the state's average loan amount was $337,672.

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
1The Medical Center at Franklin, Inc.$4,056,819
2Fast Pace Kentucky, PLLC$1,050,408
3Franklin Health Center, LLC$628,540
4Franklin Simpson County Ambulance Service$38,746
5J. Kelly Patterson, P. S. C., M.D.$30,796
6Compton & Compton Eyecare, PLLC$23,225
7Lewis Memorial, Inc.$17,812
8Riley White, Inc.$17,292
9TFC Physical Therapy, PLLC$10,849
10Sam Persad$2,636
11Heinze Family Chiropractic, LLC$2,028
12DR. Sanda Crnkic DC, PLLC$1,229
13Justin Wilkins$350
14Familycare Counseling Center$13

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