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Saturday, November 23, 2024

HHS provides $254,641 to businesses in Basalt under CARES Act

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Through the fourth quarter of 2020, businesses in Basalt received $254,641 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 Colorado received $1.2 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 University of Colorado Hospital Authority with a total of $96.8 million. The average loan size in the city was $13,402 while the state's average loan amount was $195,593.

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
1Aspen Valley Hospital Clinics, PLLC$73,004
2Roaring Fork Neurology, PC$35,340
3Elevate Dental Wellness$24,726
4David J Borchers PC, M.D.$24,132
5Roaring Fork Dental Associates, PC$18,782
6Midvalley Family Practice, PC$15,988
7Thomas P Moore PHD PC, M.D.$15,788
8Marcus J Blue PC, D.D.S.$15,163
9Eye Specialists of Colorado$10,138
10Midvalley Ambulatory Surgery Center, LLC$8,627
11Amy Cecil PLLC, OD$4,542
12Sopris Medical Practice, PC$1,871
13T J Bauer PC, OD$1,752
14Midvalley Imaging Center, LLC$1,558
15Two Rivers Chiropractic, Inc.$1,428
16Cali Corp$885
17Alpine Medicinals, LLC$551
18Thomas Lankering$307
19Sopris Chiropractic, PC$59

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