POSTED ON MONDAY, July 20, 2020
Home Health Care News (HHCN) studied the July 14th PPP data released by the Small Business Administration and sorted through the federal data by NAICS code to find home health and home care PPP recipients that received less than $150,000. The data was then broken down by state.
“California, Florida and Texas saw the most agencies receive such loans, boasting a total of nearly 5,400 home-based care recipients across all three states, a Home Health Care News analysis of publicly available PPP data found.
Meanwhile, smaller, less populous states understandably boasted fewer home-based care PPP loan recipients. However, agencies in two of those states — Rhode Island and Vermont — received the highest average loan amount. ”
Click here for the full article
Corridor is the nation’s preferred partner and trusted business advisor to at home care providers, providing quality services and impactful results for 31 years. Focusing on key operational, regulatory and financial challenges, Corridor delivers industry-unique solutions and deep expertise in coding, clinical documentation, compliance, billing and education.
For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!
For additional information, please contact Corridor at 1-866-263-3795.