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This document is a financial and statistical report required for long-term care facilities in Illinois, detailing operating expenses, revenues, and certification information for compliance with healthcare
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How to fill out financial and statistical report
How to fill out Financial and Statistical Report for Long-Term Care Facilities
01
Gather all necessary financial data, including revenue sources, expenses, and payroll information.
02
Compile statistical data related to patient care, including admission rates, bed occupancy, and service usage.
03
Complete each section of the report accurately, ensuring all financial figures are supported by documentation.
04
Review the report for compliance with state and federal regulations regarding long-term care facilities.
05
Seek out assistance or clarification from professional associations if needed.
06
Submit the completed report to the appropriate authorities by the specified deadline.
Who needs Financial and Statistical Report for Long-Term Care Facilities?
01
Long-term care facilities, including nursing homes and assisted living facilities.
02
State and federal regulatory agencies responsible for oversight of healthcare facilities.
03
Financial analysts and auditors assessing the operational efficiency of long-term care providers.
04
Research institutions studying trends and outcomes in long-term care.
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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).
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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 collects financial and operational data from long-term care facilities to provide insight into their fiscal health, service delivery, and regulatory compliance.
Who is required to file Financial and Statistical Report for Long-Term Care Facilities?
Long-term care facilities, including nursing homes and assisted living facilities that receive state or federal funding, are 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 accurate financial data, follow the specific formatting guidelines provided by regulatory agencies, and ensure that all required sections are completed, including revenue, expenses, and resident care 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 provide regulatory bodies and stakeholders with essential data to assess the financial viability, operational efficiency, and quality of care provided by long-term care facilities.
What information must be reported on Financial and Statistical Report for Long-Term Care Facilities?
The report must include information on facility revenue, expenses, occupancy rates, staffing levels, resident demographics, and other critical performance metrics that illustrate the facility's operational status.
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