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Suffolk Reporter

Thursday, November 7, 2024

HHS provides $159.7 million to businesses in Stony Brook under CARES Act

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Through the fourth quarter of 2020, businesses in Stony Brook received $159.7 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 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 $1.8 million 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.

50 largest PPP loan recipients
RankBusinessDollar Amount Received
1University Hospital at Stony Brook$151,784,321
2Stony Brook Surgical Associates University Faculty Practice Corporati$1,096,659
3Stony Brook Children's Service, University Faculty Practice Corporatio$1,093,994
4Stony Brook Anaesthesiology Ufpc$785,314
5Stony Brook Radiology, University Faculty Practice Corporation$664,954
6Stony Brook Orthopaedic Associates, University Faculty Practice Corpor$632,635
7Stony Brook Emergency Physicians, University Faculty Practice Corporat$391,276
8New York Spine & Brain Surgery, University Faculty Practice Corporatio$372,803
9Stony Brook Ophthalmology Ufpc$320,810
10Stony Brook Dermatology Associates, UFPC$287,474
11Stony Brook Psychiatric Associates, University Faculty Practice Corpor$249,524
12Neurology Associates of Stony Brook, UFPC$249,010
13Stony Brook Urology Ufpc.$236,727
14North Suffolk Neurology, PC$178,443
15Stony Brook Family and Preventive Medicine, UFPC.$167,529
16Stony Brook Pathologists, University Faculty Practice Corporation$166,828
17Suffolk Oral Surgery Associates, LLP$105,076
18Long Island Adolescent and Family Services, Inc.$91,560
19A Kim Medical, PC$82,228
20Instacare Medical Supplies, LLC$77,913
21Stony Brook Radiation Oncology, University Faculty Practice Corporatio$65,246
22Marc J. Yland Mdpc$54,245
23Theofanis Mitsinikos, PC, D.O.$54,147
24AA Medical, PC$52,012
25University Medical Care, PC$35,840
26Robert Mosca Physical Therapy, PLLC$35,077
27Doughty and Ryzova Medical Group, PC$32,241
28Sun Orthopaedic Surgery, PC$23,776
29Comprehensive Neurology of Long Island, PC$21,617
30Elyse S. Rafal, PC, M.D.$19,544
31Carefirst Family Medical, PC$16,302
32Shafi Wani, P. C., M.D.$15,246
33Senior Options Systems LCSW, LLP$14,664
34Three Village Orthodontics$14,359
35Steven Reichman, D.D.S.$13,123
36Neuro Brain & Spine Surgery, P.C.$12,404
37Kah Premium Physical Therapy, P.C.$12,343
38Promptcare Medical of Farmingdale, PLLC$12,246
39Harry Boutis, D.D.S.$11,929
40Northwind Dental Care, PC$11,680
41Snehal Sheth, D.D.S.$11,011
42Joseph Lacarrubba, PC$10,139
43Suffolk Neurology & Neurophysiology, PC$9,929
44Brandon M Henkowicz DC, PC$9,907
45Three Village Dental, P.C.$9,193
46Peter Smith Facfao PC, D.P.M.$8,720
47Optimal Care Physical Therapy, PC$8,463
48Magdy Shady, P. C., M.D.$8,224
49Nadav Segal, P. C., D.D.S.$7,849
50Mark Bernstein$6,537

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