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Saturday, September 21, 2024

HHS provides $4.6 million to businesses in Hot Springs under CARES Act

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Through the fourth quarter of 2020, businesses in Hot Springs received $4.6 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 South Dakota received $481.4 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 Sanford Health Network with a total of $65.3 million. The average loan size in the city was $351,285 while the state's average loan amount was $425,664.

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
1Fall River Health Services$4,371,503
2Pine Hills, Inc.$46,128
3Battle Mountain Physical Therapy$31,258
4Massa Dental Offices, PC$28,591
5Hot Springs Ambulance Service$27,532
6Grace of the Pines Hospice, LLC$27,255
7Wilkinson Vision, Inc.$12,425
8Dakotamart, Inc.$7,898
9Peter M Sotherland Ltd., D.D.S.$6,946
10Cascade Chiropractic of South Dakota$4,193
11Southern Hills Chiropractic, Inc.$2,900
12Sharon Hansen$52
13Treese Morford Deboer$27

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