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Friday, November 8, 2024

HHS provides $100.7 million to businesses in Des Moines under CARES Act

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Through the fourth quarter of 2020, businesses in Des Moines received $100.7 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 Iowa received $1.1 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 State University of Iowa with a total of $62.3 million. The average loan size in the city was $592,554 while the state's average loan amount was $293,046.

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
1Catholic Health Initiatives-Iowa Corporation$32,025,837
2Central Iowa Hospital Corporation$30,111,586
3St. Lukes Methodist Hospital$7,846,144
4Medical Oncology and Hematology Associates$3,308,392
5Mercy Clinics, Inc.$3,302,273
6Wesley Retirement Services, Inc.$2,637,767
7Broadlawns Medical Center$2,583,459
8LCS Ship Venture I, LLC$1,969,659
9Pacifica Health Services, LLC$1,303,626
10Iowa Arthritis and Osteoporosis Center, PC$1,110,256
11Iowa Orthopaedic Center, P.C.$873,655
12Luther Park Health Center, Inc.$803,012
13Primary Health Care, Inc.$801,270
14Select Specialty Hospital Des Moines, Inc.$709,460
15Lutheran Services in Iowa, Inc.$634,867
16Medical Center Anesthesiologists, P.C.$617,586
17Evangelical Retirement Homes, Inc.$516,030
18Calvin Community$498,860
19Iowa Jewish Senior Life Center$470,462
20BCP Union Park, LLC$464,659
21Millennium Rehab & Consulting, Inc.$416,102
22Care Youth Corporation$411,496
23Scottish Rite Park, Inc.$388,764
24Mercy Terrace Hill Surgery Center, LLC$328,734
25Iowa Pathology Associates, PC$323,926
26Life Care Companies, LLC$305,615
27Orchard Place$298,991
28Diagnostic Imaging Associates, P.C.$264,604
29CVK Corporation$253,518
30Surgery Centers of Des Moines, Ltd.$246,529
31Eyerly Ball Community Mental Health Services$237,008
32East Central Iowa Acute Care, LLP$230,461
33Oral Surgeons, PC$230,372
34Children and Families of Iowa$223,568
35Village Assisted Living$197,887
36Opco University Park, IA, LLC$166,600
37The Easter Seal Society of Iowa, Inc.$161,943
38United Community Services, Inc.$151,030
39Hsre-Lcs-Ryan Operations III, LLC$148,425
40Orthotek, Inc.$143,739
41Heartland Plastic and Reconstructive Surgery, P.C.$143,733
42Associated Ophthalmologists, PC$128,826
43Taylor Nielsen, LLC$108,770
44Eye Care of Iowa, P.C.$108,372
45Tae H. J. Barto, P. C., D.D.S.$108,349
46City of Des Moines$107,156
47Proteus, Inc.$103,253
48Lincoln Senior Living, LLC$102,444
49Behavioral Technologies Corporation$102,125
50Midwest Ambulance Service of Iowa, Inc.$94,636

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