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Friday, November 8, 2024

HHS provides $34.5 million to businesses in Santa Fe under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Santa Fe received $34.5 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 $155,556 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.

50 largest PPP loan recipients
RankBusinessDollar Amount Received
1St. Vincent Hospital$13,479,746
2Presbyterian Medical Services$6,537,227
3Santa Fe Indian Hospital$3,873,380
4Eye Associates of New Mexico, Ltd.$2,270,192
51650 Galisteo Street Operations, LLC$808,075
6San Felipe Health Clinic$804,391
7Southwest Care Center$756,286
8Diamond Care Santa Fe, LLC$728,796
9Santa Clara Health Center$425,549
10High Country Macula Retina and Vitreous, PC$352,655
11Santa Fe Imaging, LLC$280,297
12Hillary E Norton PC, M.D.$254,431
13LA Familia Medical Center$193,157
14Healthfront, PC$166,847
15Santa Maria El Mirador$166,011
16Eye Surgery Centers of New Mexico, LLC$146,814
17El Castillo Retirement Residences$143,451
18Life Choice Hospice of New Mexico, LLC$142,081
19Del Corazon Hospice, LLC$135,935
20Professional Home Health Care, Inc.$121,795
21NNM Gastroenterology Associates PA$112,223
22Whole Child Dental, LLC$90,044
23Santa Fe Recovery Center, Inc.$87,356
24Just for Grins$86,494
25Nephrophiles, LLC$82,271
26Joshua Brown PC, M.D.$76,124
27Aspen Medical Group, LLC$73,260
28Nicholas L Hugentobler, PC$63,768
29Santa Fe Radiology, P.C.$56,449
30City of Santa Fe Payroll$55,406
31James H Auerbach PC, M.D.$55,067
32Christus St. Vincent Medical Group$53,888
33St. Francis Health Center$49,706
34Taos Comprehensive Health Corporation$49,009
35Jensen Elledge Dental, LLC$46,209
36J Jeffrey Melton MS LLC, D.D.S.$45,442
37Hero Dental of Santa Fe, PC$44,858
38Newmexidoc Pa$43,581
39John S Caskey LLC, M.D.$43,439
40Allcare Physical Therapy, LLC$42,020
41The Life Link$41,082
42Hrebrahimi LLC, D.D.S.$39,659
43Rio Grande Foot and Ankle Specialists, LLC$39,453
44Santa Fe Pathology Services PA$38,593
45Santa Fe Oral Surgeons, LLC$37,834
46Michael H Gallegos Inc., D.D.S.$35,811
47Northern NM Podiatry Associates$35,721
48Desert Mountain Skin Cancer Surgery, LLC$34,065
49Whole System Minimally Invasive Orthodontics, LLC$32,179
50Dermatology Partners of Northern New Mexico$31,553

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