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Morris Leader

Thursday, November 21, 2024

HHS provides $1.2 million to businesses in Mountain Lakes under CARES Act

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Through the fourth quarter of 2020, businesses in Mountain Lakes received $1.2 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 $81,911 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.

All PPP loan recipients
RankBusinessDollar Amount Received
1Oncology & Hematology Specialists, P. A.$1,146,582
2Mountain Lakes Premier Dental, LLC$24,535
3Kimberly J. Soares$11,408
4Mountain Lakes Medical Center, LLC$11,291
5Panacea ID Health, LLC$6,528
6Eva Balogh PA, D.M.D.$6,157
7Edward Shluper, LLC, D.D.S.$4,835
8Wendy a Wardle, D.M.D.$4,448
9Arsenio C. Manlangit PA, M.D.$4,032
10Atlantic Advanced Urgent Care$3,939
11Randolph Shipon$2,716
12Barbara Ferguson$1,507
13Mountain Lakes Psychotherapy, LLC$459
14Mpower Physical Therapy, LLC$134
15Mountain Lakes Pathology, LLC$99

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