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Friday, November 22, 2024

HHS provides $3.1 million to businesses in Springfield under CARES Act

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Through the fourth quarter of 2020, businesses in Springfield received $3.1 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 Vermont received $207.1 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 The University of Vermont Medical Center with a total of $30.7 million. The average loan size in the city was $207,676 while the state's average loan amount was $182,812.

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
1Springfield Medical Care Systems, Inc.$1,624,104
2Health Care & Rehabilitation of Southeastern Vermont, Inc.$746,347
3105 Chester Road Operations, LLC$617,887
4Sinclairdmd&mayottdds, PC$40,580
5Town of Springfield$16,413
6Aman U Syed PLLC, D.D.S.$16,183
7Springfield Orthodontics, PLLC$15,229
8Mid Vermont Pathology, PC$14,210
9Springfield Pharmacy, Inc.$7,674
10Cynthia Aldrich PT, Ltd.$7,109
11Edward Smith$4,652
12Fostering Wellness Springfield, LLC$2,555
13Kathleen Bell$1,179
14Wendy Stephens-Grube$657
15Abigail Warren$365

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