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Tuesday, November 5, 2024

HHS provides $6.3 million to businesses in Waxhaw under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Waxhaw received $6.3 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 $371,954 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
1Carolinas Physicians Network, Inc.$5,821,509
2Providence Oral Surgery and Dental Implant Center$56,858
3Schimpfhauser and Haller, PLLC$55,732
4Christopher Phelps PA, D.M.D.$49,563
5Simon J Adir PLLC, D.D.S.$45,589
6Milestone Therapy, Inc.$44,227
7Waxhaw Family Vision Care, PLLC, OD$32,538
8Athena Vu PLLC 2, D.D.S.$31,784
9Sousan Amiri PA, D.D.S.$31,640
10Interfaith Professional Physician Services, PC$31,574
11Divine Health Academy$26,979
12Naina Mahale, D.D.S.$21,795
13Covenant Pediatrics Pa$20,983
14Carolinas CC, LLC$19,815
15South Charlotte Pediatrics, PLLC$14,352
16Collins Clinic of Chiropractic & Sports Medicine, P. A.$9,412
17Pure Cardiology, PLLC$8,861

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