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Saturday, November 23, 2024

HHS provides $1.2 million to businesses in Watchung under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Watchung received $1.2 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 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 $46,425 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
1Mcauley Hall, Inc.$494,076
2Surgicare of Central Jersey, LLC$276,158
3Home Foot Care Services, LLC$87,350
4Juhee Gupta PC, M.D.$75,889
5Performance Medical of Watchung, LLC$54,474
6Richard Eisenberg$40,480
7Somerset Health Center, PC$33,121
8Anthony R. Zamarra, Inc., D.M.D.$29,171
9Roger Grannum PC, D.D.S.$23,081
10Great Smiles of New Jersey, LLC$18,367
11Linden Medical Associates PC, M.D.$15,611
12Jersey Shore Foot & Leg Center of Marlboro$12,493
13Modern Limb & Brace Company$12,189
14Healing Hands Therapy, LLC$7,037
15Stuart Eisenberg$6,694
16Calm and Sense Watchung$6,000
17Kaushal Kulkarni$4,099
18Eyexam Group Watchung PA$3,195
19Watchung Avenue Dental, LLC$2,740
20Jeanmarie Maroney Chang, LLC$1,079
21Watchung Eye Care, LLC$1,067
22Marilyn Oldman$1,027
23Mark Spratford$666
24John Aylward$616
25Stella Couchells$348
26Eileen Lutz$34

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