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Northeast South Dakota News

Friday, November 15, 2024

HHS provides $5 million to businesses in Madison under CARES Act

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Through the fourth quarter of 2020, businesses in Madison received $5 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 $456,801 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
1Madison Community Hospital$4,291,471
2Bethel Lutheran Home$613,525
3Kevin M. Donlin, P. C., D.M.D.$30,820
4Madison Family Dental Professional, LLC$28,628
5Eyecare Center of Madison Professional, LLC$22,242
6Madison Chiropractic Center$20,509
7Douglas J. Caron$6,080
8Madison Vision Clinic, Inc.$4,669
9Madison Physical Therapy$4,077
10Getting Well Chiropractic Professional, LLC$1,955
11Abby Reverts, PC$834

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