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This document serves as a financial and statistical report for long-term care facilities, detailing operational, financial, and statistical data necessary for compliance with state regulations.

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 for the reporting period, including income statements and expense reports.
2. Collect statistical data such as the number of residents, bed occupancy rates, and staffing levels.
3. Begin filling out the report by entering the total revenue generated during the reporting period.
4. Input total expenses, categorizing them into relevant sections like personnel costs, operational costs, and maintenance.
5. Calculate the net income by subtracting total expenses from total revenue.
6. Provide statistical data, including resident demographics and service utilization metrics.
7. Ensure all data is accurate and corresponds with the supporting financial documents.
8. Review the completed report for any inconsistencies or errors.
9. Submit the report by the designated deadline to the required regulatory body.

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

1. Long-term care facilities operating under regulatory oversight.
2. State and federal agencies that monitor healthcare facilities.
3. Investors and stakeholders assessing the financial health of the facility.
4. Management teams for internal decision-making and financial planning.

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 comprehensive document that requires nursing homes and long-term care facilities to provide detailed financial data and statistical information about their operations to ensure transparency and compliance with regulatory standards.

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

All licensed nursing homes and long-term care facilities that receive Medicaid or Medicare funding are required to file the Financial and Statistical Report regularly as part of their compliance with federal and state regulations.

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

To fill out the Financial and Statistical Report, facilities must gather financial data such as revenue, expenses, and occupancy rates, then follow the specific guidelines and templates provided by the regulating authority to complete the required sections accurately.

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 standardized method for long-term care facilities to disclose financial performance and service utilization, ensuring accountability, financial viability, and quality of care in the long-term care sector.

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 occupancy rates, staffing levels, the number of residents served, and any other operational statistics relevant to the facility’s performance and financial health.