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This document is a comprehensive financial and statistical report that outlines the financial performance and operational aspects of a long-term care facility for fiscal year 2005, detailing expenses,

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 for the reporting period.
2. Begin with the basic identification section, including the facility's name, address, and reporting period.
3. Fill in the revenue section, detailing all sources of income such as patient fees, government funding, and other income sources.
4. List all operating costs, including salaries, supplies, maintenance, and other expenses.
5. Calculate net income by subtracting total expenses from total revenue.
6. Complete the statistical section, providing information on the number of residents, staff ratios, and occupancy rates.
7. Ensure accuracy by cross-checking numbers with accounting records and prior reports.
8. Review for compliance with any state or federal guidelines that govern the reporting process.
9. Submit the report by the designated deadline to the relevant governing body.

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

1. Long-term care facilities must prepare these reports for regulatory compliance.
2. State and federal agencies require these reports for funding and oversight purposes.
3. Facility administrators and managers need this information for operational and financial decision-making.
4. Investors and stakeholders may require these reports to assess financial health and performance.

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 comprehensive document that collects financial and operational data from long-term care facilities, such as nursing homes, to assess their fiscal health and performance.

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

All licensed long-term care facilities, including nursing homes that receive Medicaid and Medicare funds, are required to file the Financial and Statistical Report.

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

To fill out the Financial and Statistical Report, facilities must gather financial records, operational statistics, and other relevant data, then input them into the designated reporting format, ensuring accuracy and compliance with the guidelines provided by regulatory bodies.

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 regulators, policymakers, and stakeholders with essential data to evaluate the quality, efficiency, and financial viability of long-term care facilities.

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

The report typically requires information on revenue, expenses, occupancy rates, staffing levels, patient demographics, and quality indicators to create a comprehensive overview of the facility's operations.