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Saturday, November 23, 2024

HHS provides $2.1 million to businesses in Raritan under CARES Act

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Through the fourth quarter of 2020, businesses in Raritan received $2.1 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 New Jersey received $4.3 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 HMH Hospitals Corporation with a total of $401.2 million. The average loan size in the city was $106,207 while the state's average loan amount was $261,158.

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
1RRE Operating, LLC$905,128
2Somerset Pediatric Group P. A.$357,349
3Alternatives, Inc.$229,249
4NJ Memory and Behavioral Care$179,384
5Somerset Surgical Associates, LLC$113,891
6Advanced Heart and Vascular Institute of Hunterdon, LLC$94,937
7Raritan Family Health Care PA$88,353
8Raritan Valley Orthodontics$33,991
9Estelle J Roberts, OD$26,554
10Somerset Rehabilitation Services PA$19,228
11Circle Family Dental Group$17,093
12Jonathan Koren PC, D.M.D.$12,445
13Gita Patel$12,232
14NJ TMS Institute, LLC$10,820
15Wall Street Dental, Inc.$7,433
16Women's Health Center at Raritan PA$5,518
17Spine & Orthopaedic Physical Therapy Center of New Jersey, PA$5,436
18Rosenblatt Family Eyecare Associates, PA$2,781
19Wellness First Medical Clinic, LLC$1,989
20Patricia Lambo$335

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