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Cedar Rapids Today

Wednesday, November 6, 2024

HHS provides $816,212 to businesses in Monticello under CARES Act

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Through the fourth quarter of 2020, businesses in Monticello received $816,212 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 $90,690 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
1Monticello Nursing Home Company$572,036
2Above & Beyond Home Health Care, Inc.$142,617
3Gary Fisher PC, OD$44,283
4Prairie Home Wellness and Counseling$25,537
5Sinitram, LLC$9,432
6City of Monticello$8,319
7Iowa Physical Therapy, PC$7,796
8Reckers Family Chiropractic Services, Inc.$4,598
9Back Home Chiropractic, LLC$1,594

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