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Cincy Reporter

Sunday, October 6, 2024

HHS provides $546.9 million to businesses in Cincinnati under CARES Act

Genbusiness011

Through the fourth quarter of 2020, businesses in Cincinnati received $546.9 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 Ohio received $3.8 billion 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 Cleveland Clinic Foundation with a total of $243.2 million. The average loan size in the city was $575,671 while the state's average loan amount was $290,521.

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
1Children's Hospital Medical Center$92,403,258
2University of Cincinnati Medical Center, LLC$60,149,438
3Rocky Mountain Holdings, LLC$33,543,185
4Bon Secours Mercy Health Petersburg, LLC$26,283,377
5Mercy Health St. Vincent Medical Center, LLC$22,648,258
6Mercy Health West Hospital, LLC$22,316,441
7Bay Park Community Hospital$20,939,689
8Mercy Health-Fairfield Hospital, LLC$17,355,285
9The Christ Hospital$15,776,073
10Mercy Health St. Charles Hospital, LLC$14,138,536
11Bethesda Hospital, Inc.$13,450,928
12The Good Samaritan Hospital of Cincinnati, Ohio$12,320,008
13Emma L Bixby Medical Center$11,293,357
14West Chester Hospital, LLC$10,453,146
15Mccullough-Hyde Memorial Hospital, Inc.$10,337,279
16Daniel Drake Center for Post Acute Care, LLC$7,794,096
17Trihealth G, LLC$7,749,513
18Mercy Health St. Anne Hospital, LLC$6,829,861
19Bon Secours Mercy Health Emporia, LLC$5,762,509
20Jewish Hospital, LLC$5,700,185
21Defiance Hospital, Inc.$5,494,404
22Mercy Health Anderson Hospital, LLC$4,899,703
23Mercy Health Defiance Hospital, LLC$4,410,969
24Mercy Health Regional Medical Center, LLC$4,383,293
25Mercy Health Physicians Cincinnati, LLC$3,425,578
26University of Cincinnati Physicians Company, LLC$3,339,037
27Summa Physicians, Inc.$3,094,034
28Hospice of Cincinnati Incorporated$3,066,910
29Mercy Health-Clermont Hospital, LLC$2,423,220
30Vitas Healthcare Corporation of Ohio$2,105,675
31Christ Hospital Medical Specialists II, LLC$1,969,935
32Columbus Radiology Corporation$1,965,679
33Maple Knoll Communities, Inc.$1,954,796
34Anesthesia Group Practice, Inc.$1,534,171
35Trihealth Hospital, Inc.$1,382,530
36Beacon Orthopaedics & Sports Medicine, Ltd.$1,319,954
37American Mercy Home Care, LLC$1,280,486
38Eastgate Health Care Center, LLC$1,176,428
39Episcopal Retirement Homes, Inc.$1,140,105
40The Children's Home of Cincinnati Ohio$1,091,380
41TRI State Urologic Services PSC, Inc.$1,057,990
42Riverhills Healthcare, Inc.$1,032,629
43Evan Gray, LLC$1,012,050
44Micah C. Rand$1,009,788
45Clifton Care Center, Inc.$1,006,621
46Cincinnati Senior Care, LLC$974,770
47Indianspring Health Care Center, LLC$943,376
48Tri-State Centers for Sight, Inc.$926,617
49Sisters of Charity Senior Care Corporation$891,423
50Trihealth Rehabilitation Hospital, LLC$877,807

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