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Sunday, November 24, 2024

HHS provides $4.1 million to businesses in Oakdale under CARES Act

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Through the fourth quarter of 2020, businesses in Oakdale received $4.1 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 Louisiana received $2.1 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 Ochsner Clinic Foundation with a total of $139.4 million. The average loan size in the city was $290,570 while the state's average loan amount was $320,728.

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
1Clhg-Oakdale, LLC$3,676,309
2Menavry, LLC$158,091
3Harbor Hospice of Oakdale, LLC$99,134
4Vision Clinic, LLC$42,958
5Thomas Davis$29,045
6Oakdale Internal Medicine$13,504
7Leatherwood Emergency Group, LLC$11,266
8Chemparathy Manuel$9,959
9Louisiana Physical Therapy Centers of Oakdale, LLC$8,968
10Paula E Karam, D.D.S.$7,168
11Professional Medical Supplies, LLC$5,987
12Geaux to Sleep Anesthesia Associates, LLC$3,246
13Oakdale Chiropractic Clinic$1,397
14Stringer Physical Therapy$944

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