Get the free Financial and Statistical Report for Long-Term Care Facilities - hfs illinois

This document is a financial and statistical report for Alden Park Strathmoor, outlining various operational data, occupancy, expenses, and ownership information for long-term care facilities as required

How to fill out financial and statistical report

How to fill out Financial and Statistical Report for Long-Term Care Facilities

1. Gather all necessary financial documents including income statements, balance sheets, and budgets.
2. Collect statistical data regarding patient admissions, discharges, and occupancy rates.
3. Fill in the financial sections by reporting revenue, expenses, and net profit or loss accurately based on the gathered documents.
4. Enter statistical data accurately in the designated sections, ensuring all numbers match supporting documentation.
5. Review the report for completeness and accuracy, cross-checking figures to eliminate discrepancies.
6. Ensure all required signatures and certifications are included before submission.
7. Submit the completed report by the specified deadline to the appropriate regulatory agency.

Who needs Financial and Statistical Report for Long-Term Care Facilities?

1. Long-term care facilities such as nursing homes and assisted living centers are required to submit these reports to comply with state and federal regulations.
2. Health care policymakers and regulatory agencies utilize the reports to assess the financial health and operational efficiency of long-term care providers.
3. Stakeholders including investors, lenders, and community organizations may need these reports for evaluating facility performance or planning purposes.

People Also Ask about

What percentage of people age 75 to 84 live in nursing homes?

ing to their national study of long-term care providers: 38.6% of nursing home residents are older than 85. 26.7% of residents are between 75 and 84.

What percentage of people with long-term care insurance actually use it?

So, 35% will use their coverage and 65% will not. As you might assume, the decline is because during those first 90 days, some people will recover and some will die.

What is the financial impact of long-term care in the United States?

In the U.S., long-term care costs individuals and their families thousands of dollars annually, with nursing home care often costing more than $100,000 a year (Exhibit 1). Given that many who use these services will need it for at least one year, costs can quickly become burdensome.

What is the average daily rate for long-term care?

ing to Genworth's estimates, the median cost of a private room in a nursing home is $339 per day or $10,326 per month in 2025. Semiprivate rooms are more affordable, with a median cost of $302 per day or $9,197 monthly.

How much does a home nurse cost per day?

Homemaker Services Costs By State StateHome Care Median Hourly RateHome Care Daily Rate / 8 hours California $38.19 $240 Colorado $37.13 $233 Connecticut $32.89 $207 Delaware $25.46 $16048 more rows

What does long-term care cost per day?

Consider the national median costs for long-term care services²: $255 a day(or $7,756 per month) for a semi-private room in a nursing home. $290 a day (or $8,821 per month) for a private room in a nursing home. $141 a day (or $4,300 per month) in an assisted living facility.

How much does Medicare pay for long-term nursing home care?

Long-term care Long-term supports and services can be provided at home, in the community, in assisted living, or in nursing homes. Individuals may need long-term supports and services at any age. Medicare and most health insurance plans don't pay for long-term care.

What are typical long-term care premiums?

How much is long-term care insurance? ing to the 2024 American Association for Long-Term Care Insurance (AALTCI) annual Price Index survey, the average annual premium for a $165,000-benefit policy with no inflation protection is $950 for a single male (age 55) and $1,500 for a single female (age 55).

For pdfFiller’s FAQs

What is Financial and Statistical Report for Long-Term Care Facilities?

The Financial and Statistical Report for Long-Term Care Facilities is a document that collects financial and operational data regarding long-term care facilities, including nursing homes and assisted living facilities. It provides a comprehensive overview of the facility's financial status and performance metrics.

Who is required to file Financial and Statistical Report for Long-Term Care Facilities?

Long-term care facilities that participate in Medicare and Medicaid programs are required to file the Financial and Statistical Report. This includes nursing homes and similar care providers.

How to fill out Financial and Statistical Report for Long-Term Care Facilities?

To fill out the Financial and Statistical Report, facilities must gather relevant financial data, including revenue, expenses, and operational statistics. The report form should be completed according to specific instructions provided by regulatory authorities, ensuring accuracy and completeness of the information submitted.

What is the purpose of Financial and Statistical Report for Long-Term Care Facilities?

The purpose of the Financial and Statistical Report is to provide state and federal regulators with essential data that helps in monitoring the financial health and operational efficiency of long-term care facilities. It aids in ensuring compliance with regulations and standards.

What information must be reported on Financial and Statistical Report for Long-Term Care Facilities?

The report typically requires information on revenue sources, operating expenses, patient census data, staffing levels, and other key operational indicators relevant to the facility's performance.