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This document details the financial and statistical information of Briar Place Ltd., a long-term care facility in Illinois, for fiscal year 2002, including mandatory reporting requirements and executive
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How to fill out financial and statistical report
How to fill out Financial and Statistical Report for Long-Term Care Facilities
01
Gather necessary financial documents such as balance sheets, income statements, and cash flow statements.
02
Ensure you have statistical data on resident admissions, discharges, and average daily census.
03
Use the template provided by the regulatory body, ensuring all required sections are included.
04
Accurately input financial data in the relevant sections, ensuring totals are correct.
05
Fill in the statistical section with data gathered from your admission and discharge records.
06
Review the completed report for accuracy and completeness.
07
Submit the report by the specified deadline following the submission guidelines.
Who needs Financial and Statistical Report for Long-Term Care Facilities?
01
Long-term care facilities such as nursing homes and assisted living centers.
02
State and federal regulatory agencies that oversee health and safety standards.
03
Healthcare policymakers and researchers analyzing trends in long-term care.
04
Facility administrators and management for internal financial assessments.
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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).
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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 used to collect data about the financial performance and service statistics of long-term care facilities, including nursing homes and assisted living facilities.
Who is required to file Financial and Statistical Report for Long-Term Care Facilities?
All licensed long-term care facilities, including nursing homes and assisted living facilities, are typically required to file the Financial and Statistical Report to ensure compliance with state and federal requirements.
How to fill out Financial and Statistical Report for Long-Term Care Facilities?
To fill out the report, facilities must gather financial data, including revenue, expenses, and occupancy rates, and input this information into the designated forms provided by state authorities, ensuring accuracy and completeness.
What is the purpose of Financial and Statistical Report for Long-Term Care Facilities?
The purpose of the Financial and Statistical Report is to monitor the financial health of long-term care facilities, ensure regulatory compliance, and inform state and federal policymakers about the resources and quality of care in these facilities.
What information must be reported on Financial and Statistical Report for Long-Term Care Facilities?
Key information that must be reported includes total revenue, total expenses, occupancy rates, staffing levels, patient demographics, and any significant changes in services or operations within the facility.
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