The doctor's office benefits greatly from the COVID-19 relief loans for small businesses

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According to new government data, doctors' offices heavily affected by the COVID-19 pandemic have received a significant portion of COVID-19 relief loans for small businesses that can be spared. things.

After intense public pressure, the Ministry of Finance and the Small Business Administration published loan-granting data on Wage Protection Program loans above $ 150,000. The health care industry has received over 12% of all disclosed loans and the largest recipient in the healthcare sector is the doctor's office.

Doctors' offices have received at least $ 8.4 billion for PPP loans, according to the dataset. The COVID-19 pandemic has devastated revenues of primary care operations and many health industry analysts hope that the consolidation could occur in the coming months when operations are in financial danger. evaluate their options.

Skilled nursing facilities receive at least $ 3.4 billion, home health care providers receive at least $ 3 billion, dentists receive at least $ 2.2 billion and hospitals get at least 2 billion dollars.

Doctors' offices and dentists were initially the most heavily affected parts of the health care industry in March and April. The dentist's office lost 503,000 jobs in April and the dentist's office died. 243,000 jobs. However, everything was looking, when dentists saw the strongest recovery in healthcare in May, adding 244,800 jobs, and the doctors' offices added 51,300.

However, nursing homes are still losing their jobs since the June employment data and Moody's Investor Services report from …


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