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Thursday, November 21, 2024

HHS provides $85,058 to businesses in Blanchard under CARES Act

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Through the fourth quarter of 2020, businesses in Blanchard received $85,058 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 $9,451 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
1Emergency Medical Service District 1 Comprising Independent$35,313
2Travis L Turney PC, D.D.S.$20,208
3Vincent Michael Young PC, OD$13,791
4Crystal N. Sparling, PLLC, M.D.$7,377
5Ashley Meador Yates PLLC, M.D.$5,941
6Brant D Spencer DC, PC$1,808
7Blanchard Drug & Gift, Inc.$315
8Pharm Blanchard Acquisition, LLC$155
9L and L Consulting Services, Inc.$150

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