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Sunday, November 24, 2024

HHS provides $224.6 million to businesses in Morristown under CARES Act

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Through the fourth quarter of 2020, businesses in Morristown received $224.6 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 New Jersey received $4.3 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 HMH Hospitals Corporation with a total of $401.2 million. The average loan size in the city was $1.5 million while the state's average loan amount was $261,158.

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
1AHS Hospital Corporation$215,916,723
2Care One at Madison Avenue, LLC$1,322,816
3Atlantic Neurosurgical Specialists Pa$856,028
4Visiting Nurse Association of Northern New Jersey, Inc.$832,414
5Primary Care Partners, LLC$768,716
6Advanced Vascular Associates, PC$546,212
7Advanced Spinal Care & Associates, LLC$515,825
8Mid-Atlantic Surgical Association$305,936
9Affiliated Dermatologists and Dermatologic Surgeons, P. A.$221,591
10Advanced Dermatology Mohs & Laser Surgery Center, P. A.$213,658
11Morristown Emergency Medical Associates, LLC$208,835
12Barnabas Health Multispecialty$191,297
13Apex Endodontics, LLC$118,985
14Hospital Ambulance, LLC$108,798
15Morristown Ophthalmology Associates, P. A.$107,181
16Eyecare of New Jersey, PA, M.D.$106,551
17The Neuroscience Center of Northern New Jersey, PA$101,671
18Fresenius Medical Care East Morris, LLC$94,525
19Madison Avenue Oral and Maxillofacial Surgery Associates$91,082
20Specialty Care of Practice Associates PA$89,105
21All Smiles Dentistry, LLC$87,596
22Hirsch & Ratakonda PA, M.D.$73,393
23Lawrence C Antonucci LLC, M.D.$72,226
24New Jersey Pediatric Neuroscience INST$72,088
25Maternal Fetal Medicine of Practice Associates, PA$70,692
26Retina Specialists of New Jersey, LLC$68,955
27Aesthetic Smiles of NJ$68,698
28Thomas S Ziering, LLC, M.D.$63,598
29Matthew a. Crystal, LLC, D.M.D.$63,202
30New Jersey Pain Consultants, PC.$57,285
31Radiology Center at Harding, Inc.$56,158
32Cardiac Care Associates, PC$51,628
33Judith S Roberts LLC, D.M.D.$51,083
34Andrew L. Howard, PC, D.M.D.$49,349
35Affiliated Health Services, Inc.$46,398
36Cardiovascular Health Consultants, P. A.$42,727
37Mitchell H Davich PA, D.M.D.$38,058
38Children's Dentistry of Morristown$38,004
39Affiliated Ambulatory Surgery, PC$34,431
40New Jersey Periodontics and Dental Implants, LLC$31,973
41William J Ratz, D.M.D.$31,433
42Morristown Dental Consultants$30,890
43Dermatology Consultants of Northern Jersey, LLC$27,761
44Eye and Laser Surgery Centers of New Jersey, LLC$27,422
45Robert a Braunstein, PA, M.D.$25,781
46Development Patwa LLC, D.D.S.$25,301
47Joseph M. Arvay, Orthodontist P. A., D.M.D.$23,523
48Carter Smile, LLC$21,986
49Advanced Nephrology & Hypertension$21,711
50Dental Care of Morristown$21,221

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