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Houma Thibodaux News

Sunday, September 22, 2024

HHS provides $7.8 million to businesses in Raceland under CARES Act

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Through the fourth quarter of 2020, businesses in Raceland received $7.8 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 $518,357 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
1Ochsner Bayou, LLC$7,379,248
2Racelands Express, LLC$100,694
3Ochsner Pharmacy and Wellness, LLC$88,822
4Lafourche Medical Group, LLC$52,147
5Louisiana Homecare of Raceland, LLC$47,898
6Children's Clinic of Raceland$23,002
7LA Vie Dental, LLC$19,787
8Raceland Dialysis Center$17,372
9Laterre Physical Therapy, Inc.$16,024
10Outpatient Medical Services$14,569
11King Clinic, Inc.$5,511
12Rachael Marcello$5,292
13Matherne Chiropractic, LLC$2,592
14Allen T Borne LLC, M.D.$2,316
15Patricia Perry$84

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