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Montgomery News

Tuesday, September 24, 2024

HHS provides $1.2 million to businesses in Montgomery Village under CARES Act

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Through the fourth quarter of 2020, businesses in Montgomery Village received $1.2 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 Maryland received $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 The Johns Hopkins Hospital with a total of $126.6 million. The average loan size in the city was $83,268 while the state's average loan amount was $241,470.

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
119301 Watkins Mill Road Operating Company, LLC$909,782
2A&a Hearing Group, LLC$155,756
3Griswold Dental Associates, PA$13,559
4G. Ghamary #1 P. C., D.D.S.$13,435
5Maryland Foot & Ankle Restoration, LLC$13,049
6Suburban Therapy & Treatment Services$12,749
7Joseph M Rosenwald PC, D.D.S.$11,756
8Middlebrook Pediatrics, LLC$9,348
9Liliana Cuervo, D.D.S.$8,638
10Kaa Dentalllc$6,699
11Rfom Nurse Practitioner Clinic, LLC$5,099
12Legacy Spine and Pain, LLC$2,702
13Midcounty Therapy, LLC$2,320
14Sam's Medical Laboratory, LLC$857

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