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Providence Reporter

Wednesday, October 9, 2024

HHS provides $211.9 million to businesses in Providence under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Providence received $211.9 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 Rhode Island received $373.5 million 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 Rhode Island Hospital with a total of $111.6 million. The average loan size in the city was $787,680 while the state's average loan amount was $238,352.

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.

50 largest PPP loan recipients
RankBusinessDollar Amount Received
1Rhode Island Hospital$111,583,316
2The Miriam Hospital$42,309,120
3Prospect Chartercare RWMC, LLC$11,780,630
4Kent County Memorial Hospital$9,782,927
5Newport Hospital$7,123,618
6Lifespan Physician Group, Inc.$4,038,100
7Hopehealth Hospice & Palliative Care$2,918,020
8Butler Hospital$1,431,241
9University Orthopedics, Inc.$1,382,607
10Berkshire Place, Ltd.$1,254,004
11Brown Emergency Medicine$1,221,132
12Brown Medicine$1,219,000
13Coastal Medical, Inc.$1,150,208
14Summit RI SNF, LLC$1,044,272
15The Providence Community Health Centers, Inc.$1,016,185
16Silver Fern Practice, LLC$956,784
17Prospect Blackstone Valley Surgicare, LLC$912,741
18Steere House$885,102
19Charlesgate Nursing Center$844,098
20University Surgical Associates$774,156
21University Gastroenterology, LLC$564,403
22Prospect Chartercare Physicians, LLC$464,865
23Elmwood Health Center, Inc.$445,406
24Bayside Endoscopy Center, LLC$380,249
25The Groden Center, Inc.$334,921
26Bethany Home of Rhode Island$307,413
27Episcopal Housing Foundation of Rhode Island$302,310
28RI Ear, Nose and Throat Physicians, Inc.$290,513
29Re Focus, Inc.$263,002
30Brown Dermatology$246,554
31Professional Ambulance, LLC$231,153
32Phoenix Houses of New England, Inc.$229,777
33Providence Interventional Associates II, LLC$229,149
34Brown Neurology$187,000
35Prospect Chartercare Home Health and Hospice, LLC$176,198
36United Sleep Diagnostics, Inc.$129,582
37Gastroenterology Associates, Inc.$128,572
38Meeting Street$116,291
39Radiation Oncology Associates, Inc.$115,092
40Enzer & Associates, P.C.$113,294
41Westminster Eyecare Associates, Inc.$111,028
42Denise Shapiro, D.D.S.$108,669
43Skinpros, LLC$99,969
44Endoscopy Associates, Inc.$98,899
45M. B. Rubinstein and R. J. Ducoff, D.M.D. Inc., D.D.S.$93,301
46Pratt Surgical Associates, Inc.$81,619
47City of Providence Rhode Island$81,533
48Fox Rehab of RI, PC$76,272
49Advanced Eye Care Associates, LLC$72,215
50Pratt Radiation Oncology Associates of Rhode Island, Inc.$71,820

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