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This document is a financial and statistical report required for long-term care facilities in the state of Illinois, providing detailed data on facility operations, expenses, revenues, and related

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 including revenue sources, expenses, and operational costs.
2. Log into the financial reporting system specific to long-term care facilities.
3. Fill out demographic data on the reporting form, including the facility's name, address, and contact information.
4. Enter detailed information regarding total patient days, including residents and short-term admissions.
5. Report the total number of staff, their roles, and hours worked for payroll reporting.
6. Document revenue streams such as Medicaid, Medicare, private pay, and other funding sources.
7. List all operating expenses including salaries, facility maintenance, and supplies.
8. Complete any additional sections that may require data on quality indicators or health outcomes.
9. Review all entries for accuracy and completeness before submission.
10. Submit the completed Financial and Statistical Report by the required deadline.

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

1. Long-term care facilities are required to submit these reports to comply with federal and state regulations.
2. Financial managers and accountants in long-term care facilities need this report for budgeting and financial planning.
3. Regulatory agencies use these reports to monitor the facility's performance and quality of care provided.
4. Stakeholders, investors, or potential funding sources may require financial transparency demonstrated in these reports.

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 captures the financial and operational data of long-term care organizations. It is used to assess the economic viability, service delivery effectiveness, and compliance with regulatory requirements.

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

Long-term care facilities that receive state or federal funding, such as nursing homes and assisted living facilities, 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 report, facilities need to collect accurate financial data and statistical information, follow the guidelines provided by the regulatory body, complete all required sections, and submit the report by the prescribed deadline.

What is the purpose of Financial and Statistical Report for Long-Term Care Facilities?

The purpose of the report is to provide transparency in financial operations, ensure proper allocation of resources, and facilitate the monitoring and evaluation of care services provided to residents.

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

The report typically requires information on revenue, expenditures, staffing levels, occupancy rates, services provided, and any other relevant operational statistics.