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Cedar Rapids Today

Thursday, November 7, 2024

HHS provides $31.3 million to businesses in Cedar Rapids under CARES Act

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Through the fourth quarter of 2020, businesses in Cedar Rapids received $31.3 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 $176,575 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.

50 largest PPP loan recipients
RankBusinessDollar Amount Received
1Mercy Medical Center$13,881,540
2Physicians' Clinic of Iowa, PC$2,183,815
3S. T. L. Care Company$1,017,222
4The Outpatient Surgery Center of Cedar Rapids, LLC$1,010,380
5Mercy Physician Associates, Inc.$737,493
6Marjan Management Services, Ltd.$677,688
7Radiology Consultants of Iowa, PLC$667,851
8Meth Wick Community$666,267
9Cottage Grove Place$663,169
10Amenity Healthcare, Inc.$653,670
11ARJ Infusion Services, Inc.$618,552
12West Ridge Associates, Inc.$543,715
13Linn County Eye Care, PLC$434,413
14The Cedar Rapids Dental Center$427,325
15Kepros Physical Therapy & Performance$394,210
16Eastern Iowa Health Center$368,969
17Four Oaks Family and Children's Services$356,275
18Gbank Health, LLC$348,284
19Stone Creek Senior Partners, LLC$311,521
20Abbe Center for Community Mental Health, Inc.$240,000
21Iowa Eye, PC$225,706
22Tanager Place$224,340
23Shachindra Bahadur, P. C., D.D.S.$224,000
24Ghosh Center for Oncology and Hematology, LLC$214,002
25Parks and Schmit Orthodontics, P.C.$202,688
26Area Substance Abuse Council, Inc.$191,017
27PRK Williams, Inc.$178,535
28Linn County Emergency Medicine, PC$163,003
29Reutzel Pharmacy, Inc.$142,622
30Options of Linn County$134,242
31PPRC, LLC$120,871
32Copeland Eyecare, PLLC$118,701
33Fox Eye Laser and Cosmetic Institute, PC$104,909
34Medical Laboratories of Eastern Iowa LC$100,998
35Comfort Care Medicare, Inc.$100,484
36Family Medicine Specialists, PC$87,863
37Eastern Iowa Sleep Center$85,528
38Cedar Valley Pathologists, P.C.$82,579
39Besler Enterprises, P.C.$81,377
40Emery Place, LLC$79,459
41Gentle Dental, PC$79,176
42The Arc of East Central Iowa$74,240
43PLG, Inc.$68,288
44Cedar Centre Psychiatric Group$66,469
45Benjamin Horton PC, D.D.S.$64,328
46SB Iowa Dentistry, PLLC$62,599
47Country Meadow Place, LLC$60,986
48Cedar Rapids Smile Center, PLC$60,961
49Therapy Solutions, Inc.$58,155
50Cedar Rapids Endodontics, PC$57,893

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