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Saturday, November 23, 2024

HHS provides $6.7 million to businesses in Franklin under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Franklin received $6.7 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 Louisiana received $2.1 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 Ochsner Clinic Foundation with a total of $139.4 million. The average loan size in the city was $306,742 while the state's average loan amount was $320,728.

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
1Franklin Foundation Hospital$5,043,265
2Teche Action Board, Inc.$848,950
3Franklin Opco, LLC$230,400
4Acadiana Family Practice Associates, LLP$166,160
5Sharad Gundamd, LLC$106,432
6Bogalusa Rehabilitation Hospital Bogalusa$100,000
7LHCG VI, LLC$75,705
8Radiology Associates of Iberia$46,184
9Brent Rochon APM LLC, M.D.$29,831
10Roland J. Degeyter, APMC, M.D.$26,666
11Teche Emergency Group, LLC$17,243
12John Neal Boudreaux, L. L. C., D.D.S.$12,601
13Physical Therapy Clinic of Franklin$9,894
14Hidden Gems Social Services$9,008
15Kristi Prejeant, LLC$6,799
16Jesus L. Chua a Professional Medical Corporation, M.D.$5,294
17Louis H Mccormick, LLC, M.D.$4,200
18Cashway Pharmacy of Franklin, Inc.$3,599
19Kidd and Associates, LLC$2,864
20Gauthier Medical and Wellness$1,952
21Carl Stirling$829
22Promise Family Services, LLC$441

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