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Friday, November 15, 2024

HHS provides $5.2 million to businesses in Ferriday under CARES Act

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Through the fourth quarter of 2020, businesses in Ferriday received $5.2 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 Louisiana received $2.1 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 Ochsner Clinic Foundation with a total of $139.4 million. The average loan size in the city was $344,752 while the state's average loan amount was $320,728.

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
1Concordia Parish Hospital Service District No. 1$3,901,211
2Ferriday Healthcare, LLC$630,784
3Miss-Lou Ambulance Service, LLC$157,874
4Metro Ambulance Service Rural, Inc.$134,444
5Natchez Clinic Company, LLC$102,105
6Louisiana Homecare of Miss-Lou, LLC$101,543
7All About YOU Healthcare Sitter Service$40,488
8Miss Lou Physical Therapy, Inc.$34,589
9Jim Iverstine, APC, D.D.S.$20,265
10Tom T Miiliken LLC, D.D.S.$17,375
11Dick S Whitaker, OD$15,879
12Huey Moak$7,290
13Sarah Lee, LLC, M.D.$5,897
14Vaughans City Drugs of Concordia, Inc.$892
15Scotts Apothecary, LLC$647

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