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Friday, November 8, 2024

HHS provides $6.5 million to businesses in Los Alamos under CARES Act

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Through the fourth quarter of 2020, businesses in Los Alamos received $6.5 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 New Mexico received $586.7 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 Presbyterian Healthcare Services with a total of $123.5 million. The average loan size in the city was $293,452 while the state's average loan amount was $281,930.

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
1Phc-Los Alamos, Inc.$5,331,475
2Los Alamos Retirement Center, Inc.$508,856
3Medical Associates of Northern New Mexico$94,588
4DRS. Lahiri & Mesibov, LLC$85,033
5Los Alamos Medical Care Clinic, Ltd.$81,600
6Children's Clinic P. A.$53,115
7Vest Orthodontics, PC$52,547
8Los Alamos Visiting Nurse Service, Inc.$50,709
9Jon Mcdonald, D.D.S.$40,475
10Trinity Urgent Care, LLC$35,573
11Los Alamos Physician Practices, LLC$27,322
12Posada Dental Works$19,648
13Kids Dental Partners, LLC$18,939
14Incorporated County of Los Alamos$15,573
15Sangre DE Cristo Heart Center$12,584
16Los Alamos Family Eyecare, P.C.$10,178
17Pueblo Anesthesia & Pain Services$6,850
18Shane Wisehart$4,669
19Rebound Physical Therapy, Inc.$4,333
20Tom Steward Pa$945
21DR Charles Lenz, LLC$622
22Margo Baldwin$301

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