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Sunday, November 24, 2024

HHS provides $16.7 million to businesses in Somers Point under CARES Act

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Through the fourth quarter of 2020, businesses in Somers Point received $16.7 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 $363,128 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
1Shore Memorial Hospital$12,985,424
2Shore Specialty Consultants Professional Association$727,589
3Shore Memorial Physicians Group, P.C.$692,406
4Shore Orthopaedic University Associates PA$348,977
5Shore Ambulatory Surgical Center, LLC$255,953
6Shore Hospitalists Associates Professional Association$159,958
7Jersey Shore Gastroenterology Associates, P. A.$151,820
8Advanced Radiology Solutions$134,851
9Bayfront Urgent Care Professional Associates$123,521
10Med4kids$108,654
11Robert M. Goldberg, P. A., M.D.$95,430
12Robert J. Bray MS PA, D.D.S.$91,085
13Novasack Family Dental, LLC$69,679
14ARS of Somers Point, LLC$67,414
15By the Sea Dentistry, PC$66,421
16Somers Point Dental$58,082
17William J Morrow PA, D.O.$55,790
18Pace Orthopedics and Sports Medicine, PC$48,046
19Jersey Shore Surgical Group, PC$47,572
20Advanced Cosmetic and General Dentistry$42,647
21S & H Rehabilitation Associates, LLC$42,374
22Ccmma NJ, LLC$38,651
23Medikine Group, LLC$37,771
24Coastal Neurosciences, PC$28,499
25Atlantic Allergy & Asthma Center, PC$27,431
26Kane Medical, LLC$24,255
27Frederick Nahas$22,427
28Anthony Campo$19,237
29Jersey Shore Sports Medicine$18,717
30Paul S Demarco LLC, D.P.M.$16,428
31Arthur Nahas$15,443
32Scott D Tzorfas LLC, M.D.$14,446
33Shore Pathology Associates, PC$12,979
34George Halko$12,068
35Louis J Rondinella, PA, M.D.$9,844
36Jay M. Harmelin$7,860
37Icare Home Healthcare Services, LLC$6,106
38Harbor Physical Therapy, LLC$5,692
39Somers Point Chiropractic Health Center, LLC$3,175
40Larry Lemieux$3,154
41Larry Levine$2,014
42Brenna Cash, LLC$1,520
43John T Bannon PA, M.D.$1,418
44Alfred Cotton$964
45Andrew Glass$55
46Hill & Associates Therapy Services$26

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