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Outer Banks Times

Tuesday, November 5, 2024

HHS provides $6.5 million to businesses in Nags Head under CARES Act

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Through the fourth quarter of 2020, businesses in Nags Head received $6.5 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 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 $341,497 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
1The Outer Banks Hospital, Inc.$5,753,326
2Albemarle Eye Center, PLLC$299,533
3Deer Oaks Southeast, LLC$150,194
4Chesapeake Radiologist, Ltd.$126,623
5William M Downing PA, D.D.S.$24,770
6Albemarle Pulmonary Medicine Associates$24,654
7James C. Woodson PA, D.D.S.$20,640
8Thomas M Buttke PHD PA, D.D.S.$19,813
9Outer Banks Dermatology$19,525
10J. Trahey Maner, PA, D.D.S.$17,072
11Blue Water Ear Nose and Throat, PA$11,614
12John Wallace$5,357
13Donald Evans$4,430
14Michael Calhoun$4,229
15Advanced Chiropractic, PC$4,095
16Cary Buscemi$984
17J Demooy Counseling Services, LLC$672
18Elizabeth Hoffmier$468
19Kinga Gudor$446

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