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Sunday, November 24, 2024

HHS provides $5 million to businesses in Towanda under CARES Act

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Through the fourth quarter of 2020, businesses in Towanda received $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 Pennsylvania received $4.5 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 Temple University Hospital, Inc. with a total of $166.8 million. The average loan size in the city was $382,185 while the state's average loan amount was $292,417.

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
1Guthrie Towanda Memorial Hospital$4,741,653
2Northern Tier Counseling, Inc.$92,995
3Physiciancare, P.C.$57,057
4Hoffman Health Partners$29,012
5Towanda Creek Emergency Physicians, LLC$20,239
6Joseph Cama$6,602
7Bradford Foot and Ankle Specialties$4,919
8Ferenzi Medical, PC$4,569
9Napp Chiropractic Center, LLC$3,829
10Barbara Wywiorski$3,517
11Jacob Rorick$1,984
12Mental Health Associates of North Central PA$1,183
13Avant Wellness Associates, LLC$850

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