North country healthcare providers receive over $70 million to cover pandemic losses, more money to come
Some providers, depending on size and services provided, also qualified for Paycheck Protection Program grants, as well as some more specific grants intended for certain kinds of healthcare providers.
The funding from the
"Most of this money is meant for operating revenue loss," said
The top five recipients of funds in the region were hospitals.
The single largest recipient of funding in the north country, according to data aggregated by the federal
The recipient of the second-highest amount of money was
For many providers, the money received does not make up for the loss in revenue they've seen as a result of the pandemic, and other cost-saving measures had to be taken.
"The money from the fund is significantly lower than our usual revenue, it did not cover our losses," said
The recipients of the second-highest amount of funding were nursing homes, with the
Other recipients of large amounts of funding include the town of
Smaller providers received smaller amounts of money, with the smallest disbursement in the region going to
One issue the squad has run into is that, because billing for ambulance services can be a months-long process, the financial strains of the drop in call volume won't be felt until July or August.
"June, July and August are when agencies are going to see the financial impacts of the virus,"
Disbursements from the CARES Act are still ongoing, and HHS announced on Tuesday that an additional
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