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Rockland Reporter

Saturday, November 16, 2024

HHS provides $1.9 million to businesses in Valley Cottage under CARES Act

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Through the fourth quarter of 2020, businesses in Valley Cottage received $1.9 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 York State received $11.9 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 New York City Health and Hospitals Corporation with a total of $1.2 billion. The average loan size in the city was $169,081 while the state's average loan amount was $368,700.

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
1Nyack Operating, LLC$1,125,458
2Tolstoy Foundation Nursing Home Company, Inc.$683,963
3Stephen Giordano, D.D.S.$24,989
4HKS Medical Services, PC$8,846
5Empire Orthopedic Physical Therapy and Rehabilitation, PLLC$6,994
6DR Marilyn Mann and DR Margaret Siegrist PTRS$3,783
7Eileen Rutter$1,698
8James P. Kotorac, D. C., P.C.$1,162
9Judith Kiss$1,147
10Joan Lerner$962
11Mental Health Association of Rockland County, Inc.$892

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