Get the free Financial and Statistical Report for Long-Term Care Facilities - hfs illinois

This document serves as a financial and statistical report for a long-term care facility in Illinois, detailing operational data, financial statements, and compliance with state regulations for the

How to fill out financial and statistical report

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

1. Gather all relevant financial data for the reporting period.
2. Ensure all income sources are documented accurately, including patient revenue and any other funding.
3. Collect data on all expenses incurred during the reporting period, including payroll, supplies, and maintenance costs.
4. Fill out the direct care staffing section with accurate counts of staff hours worked and their roles.
5. Complete the occupancy section, indicating the number of beds available and the occupancy rate.
6. Report any additional statistical data required, such as patient demographics or health outcomes.
7. Review all sections for accuracy and completeness before submission.
8. Submit the report by the designated deadline to the appropriate regulatory agency.

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

1. Regulatory agencies overseeing long-term care facilities.
2. Facility administrators for internal assessment and planning.
3. State and federal government for funding and compliance purposes.
4. Researchers analyzing healthcare trends in long-term care.

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 detailed document that provides financial and operational data for long-term care facilities, including nursing homes and assisted living. It captures various metrics related to costs, revenue, occupancy rates, and patient care to help assess financial health and operational efficiency.

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

Long-term care facilities that receive Medicaid or Medicare funding are generally required to file the Financial and Statistical Report. This includes nursing homes and other similar institutions that provide long-term care services.

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

To fill out the Financial and Statistical Report, facilities need to gather financial data such as revenue from services, operating costs, and patient statistics. The form usually has specific sections that must be completed, detailing various aspects of financial and operational performance. Facilities often consult regulatory guidelines to ensure all required information is accurately reported.

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 oversight and accountability for long-term care facilities. It helps regulators, stakeholders, and the facilities themselves to assess financial performance, ensure compliance with funding regulations, and improve the quality of care provided.

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

The report typically requires information such as total revenue, total expenses, patient admissions and discharges, occupancy rates, types of services offered, staffing levels, and other operational statistics. Specific requirements may vary by jurisdiction or funding program.