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Benton Times

Wednesday, October 2, 2024

HHS provides $931,223 to businesses in Lowell under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Lowell received $931,223 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 Arkansas received $931.5 million 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 Baptist Health with a total of $79.2 million. The average loan size in the city was $66,516 while the state's average loan amount was $270,064.

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
1Anesthesia Services of Benton County PA$219,867
2Ozark Dermatology Clinic$191,294
3Southwest Medical Imaging PA$169,903
4Pinnacle Radiology, PLLC$167,758
5Taxsavers, Inc.$143,271
6Northwest Medical Transfer, Inc.$16,752
7Matthew Reith PLLC, D.D.S.$11,527
8Mark F. Olsen, P. A., M.D.$4,331
9City of Lowell$3,549
10Nwa Chiropractic Pa$2,611
11Acridge Chiropractic Pa$141
12Metheny Health and Wellness, LLC$112
13Helms Chiropractic P.A.$72
14The Calm Clinic, PLC$35

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