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This document serves as a detailed financial and statistical report for long-term care facilities in Illinois, including data on revenues, expenses, and certifications necessary for compliance with

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 documents such as income statements, balance sheets, and cash flow statements.
2. Review the reporting guidelines specific to long-term care facilities to ensure compliance.
3. Accurately input all financial data into the appropriate sections of the report.
4. Fill out the statistical section by collecting relevant resident data including occupancy rates and staff-to-resident ratios.
5. Double-check all calculations and ensure that the information is consistent with your facility's financial records.
6. Prepare any required supplementary schedules or exhibits that provide additional insights into the data.
7. Review the completed report for completeness and accuracy before submission.
8. Submit the report to the appropriate regulatory agency or governing body by the required deadline.

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

1. Long-term care facilities such as nursing homes and assisted living centers.
2. State regulatory agencies that oversee healthcare facilities.
3. Healthcare providers and administrators for internal financial assessment.
4. Governmental agencies for funding and reimbursement 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 government-mandated document that collects financial and operational data from long-term care providers to ensure transparency, compliance, and adequate funding. It helps track the financial health of facilities and can be used for regulatory and policy-making purposes.

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

All licensed long-term care facilities, including nursing homes, assisted living facilities, and similar establishments, are required to file the Financial and Statistical Report. This typically includes both for-profit and non-profit organizations subject to state or federal regulations.

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

Filling out the Financial and Statistical Report involves gathering relevant financial data, such as revenue, expenses, and occupancy rates, and entering this information into the prescribed format provided by the regulatory authority. Facilities should ensure accuracy and completeness while adhering to submission deadlines and guidelines.

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 a comprehensive overview of the financial status and operational metrics of long-term care facilities. It serves to facilitate regulatory compliance, inform funding decisions, and promote transparency in the sector, ultimately aimed at improving care quality and efficiency.

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

The report typically requires information on financial performance (including revenue and expenses), bed occupancy rates, resident demographics, staffing levels, and other operational data specific to the facility's services. Detailed instructions on the specific data required may vary by jurisdiction.