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Sunday, November 24, 2024

HHS provides $391,472 to businesses in Kitty Hawk under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Kitty Hawk received $391,472 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 North Carolina received $2.3 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 Carolinas Medical Center with a total of $135.4 million. The average loan size in the city was $39,147 while the state's average loan amount was $245,727.

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
1Eastern Carolina Cardiovascular Pa$194,547
2Surf Pediatrics and Medicine$74,844
3Outer Banks Physical Therapy, LLC$26,665
4Beach Medical Care, Ltd.$25,067
5Sarmc Anesthesia Specialist, LLC$24,831
6Carolina Coastal Plastic Surgery, PC$19,744
7Seaside Physical Therapy, LLC$17,842
8Daniel Jones$6,156
9Donna Trivette$1,224
10Southern Shores Eye Care, PLLC$552

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