The federal government in May distributed more than $100.7 million to health care providers in the Capital Region as part of aid prompted by the pandemic.
Hospitals lead the regional list of recipients, with Albany Med’s $20.3 million at the top. But funds also went to providers such as physician groups and nursing homes. The non-hospital group that received the largest payment was New York Oncology Hematology, which received $3.5 million.
Saratoga Hospital received $7 million. Glens Falls Hospital received $4.9 million
Inpatient and outpatient skilled nursing groups received some of the largest payments, including Wesley Health Care Center with $733,715.
The U.S. Department of Health and Human Services is allocating $50 billion to providers as part of the CARES Act. Congress approved the funds to help health care providers offset lost revenue and increased expenses because of the Covid-19 crisis.
Health systems and physician groups have said state-ordered restrictions on elective procedures prompted by the pandemic have been a significant hit to their finances. The state has been relaxing those restrictions in recent weeks. There are now 47 counties in the state where elective procedures are once again allowed, including Albany, Columbia, Fulton, Montgomery, Rensselaer, Saratoga, Schenectady, Schoharie and Warren.
In order to receive funds, organizations had to apply and submit revenue information the federal government.