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This report documents the financial and statistical data for Fair Oaks, a long-term care facility in Illinois, for fiscal year 2004, including information on operational costs, licensing, patient

How to fill out financial and statistical report

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

1. Gather necessary financial documents such as income statements, balance sheets, and expense reports.
2. Identify all relevant statistical data, including resident count, staff information, and service utilization rates.
3. Review the reporting guidelines specific to Long-Term Care Facilities provided by the relevant governing body.
4. Fill out sections regarding income sources, including Medicare, Medicaid, and private payments, accurately reflecting amounts received.
5. Input total expenses incurred during the reporting period, categorized by type such as staffing, medical supplies, and administrative costs.
6. Include statistical metrics such as average length of stay, occupancy rates, and staffing ratios in the appropriate sections.
7. Double-check all entries for accuracy and completeness before submission.
8. Submit the report according to the official deadlines and procedures specified by regulatory agencies.

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

1. Long-term care facilities such as nursing homes and assisted living facilities.
2. State and federal regulatory agencies monitoring compliance and funding.
3. Stakeholders including facility management, financial analysts, and potential investors.
4. Insurance companies assessing claims and reimbursements.
5. Advocacy groups and researchers examining the quality and funding of long-term care services.

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 standardized form that collects data on the financial operations and statistical metrics of long-term care facilities. It includes information on revenues, expenses, and various statistics related to patient care and facility operations.

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

Long-term care facilities that receive funding from state Medicaid programs, as well as those that are licensed or certified by the state, are typically 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 relevant financial records, statistical data, and follow the guidelines provided by the state regulatory agency. The report usually includes sections for financial statements, census data, and operational statistics.

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 transparency and accountability in the financial practices of long-term care facilities, to assess the financial health of these facilities, and to inform funding decisions and policy-making.

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

The report must include information such as total revenues, total expenses, patient census data, staffing levels, types of services offered, and operational metrics that reflect the facility's care quality and efficiency.