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Sunday, December 22, 2024

HHS provides $4.8 million to businesses in Sulphur under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Sulphur received $4.8 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 Oklahoma received $1.2 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 Ou Medicine, Inc. with a total of $74.1 million. The average loan size in the city was $434,733 while the state's average loan amount was $249,963.

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
1Arbuckle Memorial Hospital$4,031,235
2Sulphur Manor, Inc.$465,035
3Murray County EMS$119,208
4Arbuckle Home Health, Inc.$62,485
5Arbuckle Dental$56,048
6Randal Williams$23,782
7Robert R. Horanzy LLC, M.D.$9,590
8Arbuckle Internal Medicine Group, PLLC$9,068
9John Tatom$3,106
10Robert Vallandingham$2,443
11Hobbs Pharmacy, Inc.$58

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