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This document is a mandated financial and statistical report submitted by long-term care facilities in Illinois, detailing operational data, costs, and various compliance information from the fiscal

How to fill out financial and statistical report

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

1. Gather all financial records for the reporting period, including income, expenses, and any other relevant data.
2. Organize the data by categories such as patient care, administrative costs, and operating expenses.
3. Input financial data into the designated sections of the report, ensuring accuracy and completeness.
4. Collect statistical data, including the number of residents, staff-to-resident ratios, and other relevant metrics.
5. Fill out the statistical sections of the report with the collected data, providing clear and concise figures.
6. Review the report for any discrepancies or missing information.
7. Submit the completed Financial and Statistical Report by the deadline set by the overseeing authority.

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

1. Long-term care facilities are required to submit this report to regulatory agencies.
2. Investors and stakeholders may need the report to assess the financial health of the facility.
3. State and federal government programs may require this data to allocate funding and support.

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 documented report that provides detailed financial and operational statistics about long-term care facilities, including nursing homes and assisted living facilities. It helps in assessing the financial health and performance of these facilities.

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

Long-term care facilities that receive Medicare or Medicaid funding are typically required to file the Financial and Statistical Report. This includes nursing homes and other eligible health 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 collect and compile data on their financial operations, including income, expenses, resident care days, and staffing levels. They should follow the specific guidelines and instructions provided for the report, ensuring accuracy and completeness of the information provided.

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

The purpose of the Financial and Statistical Report is to ensure accountability and transparency in the financial operations of long-term care facilities. It aids regulatory bodies in monitoring the fiscal health of these facilities and helps in assessing the quality of care provided to residents.

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

The report must include information such as total operating revenues, total expenses, patient acuity levels, occupancy rates, staffing ratios, and other relevant financial and statistical data that reflect the facility's performance over a specific period.