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This document is a financial and statistical report for long-term care facilities in Illinois, detailing operational expenses, occupancy data, income statements, and regulatory compliance.

How to fill out financial and statistical report

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

1. Gather all necessary financial documents, including income statements, expense reports, and balance sheets.
2. Review the guidelines provided by the relevant authority to ensure compliance with reporting standards.
3. Fill out the report section by section, starting with the financial summary.
4. Detail all income sources, including patient revenue, governmental funding, and any private donations.
5. List all expenses, categorizing them into fixed and variable costs for clarity.
6. Provide statistical data on resident demographics, including the number of residents and their care levels.
7. Ensure that all calculations are accurate and double-check figures for discrepancies before submission.
8. Submit the completed report by the specified deadline, and retain a copy for your records.

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

1. Long-term care facilities such as nursing homes, assisted living centers, and rehabilitation facilities.
2. Healthcare regulatory agencies that oversee compliance and funding.
3. Management teams within long-term care facilities for operational assessments and financial planning.
4. Investors or stakeholders interested in the financial health of the facility.

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 documentation that provides detailed financial and operational data about long-term care facilities, including nursing homes and assisted living facilities. It is used to assess the financial health and service quality of these establishments.

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

All licensed long-term care facilities, including nursing homes and certain other care providers, are typically required to file the Financial and Statistical Report to comply with state and federal regulations.

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

To fill out the report, facilities must gather accurate financial data, operational metrics, and statistical information as specified by the regulatory body. This may include revenue, expenses, resident demographics, staffing levels, and service utilization. The completed form is then submitted to the appropriate regulatory authority.

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

The purpose of the report is to provide transparency and accountability regarding the financial operations and service delivery of long-term care facilities. It helps regulatory agencies monitor compliance, assess the quality of care, and allocate funding appropriately.

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 care statistics, employment figures, resident census data, and any other relevant information required by the regulatory authority.