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This document is a financial and statistical report required by the Illinois Department of Healthcare and Family Services from long-term care facilities, detailing financial data, occupancy rates,
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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 necessary data on facility operations and finances.
02
Fill in each section of the report according to specified guidelines.
03
Enter accurate financial figures, including income, expenses, and assets.
04
Include statistical data related to resident demographics and care services provided.
05
Double-check all entries for accuracy and compliance with reporting standards.
06
Review the report as a whole to ensure completeness.
07
Submit the report by the designated deadline to the appropriate regulatory body.
Who needs Financial and Statistical Report for Long-Term Care Facilities?
01
Long-term care facilities such as nursing homes and assisted living facilities.
02
Regulatory agencies and state departments overseeing healthcare services.
03
Healthcare policymakers who analyze care delivery and funding.
04
Financial institutions and investors considering funding opportunities.
05
Researchers studying trends in long-term care services and demographics.
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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 summarizes the financial performance and statistical data of long-term care facilities, including nursing homes and assisted living centers. It collects essential information regarding revenues, expenditures, resident demographics, and care services provided.
Who is required to file Financial and Statistical Report for Long-Term Care Facilities?
All long-term care facilities that receive public funding or participate in Medicare or Medicaid programs are required to file the Financial and Statistical Report. This includes nursing homes and other licensed long-term care providers.
How to fill out Financial and Statistical Report for Long-Term Care Facilities?
Filling out the Financial and Statistical Report involves gathering financial records, compiling statistics on resident care, and completing relevant sections of the report form according to the guidelines provided by the regulatory body. Facilities must ensure accuracy in reporting financial data and statistical measures, and submit the completed report by the specified deadline.
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 transparency and accountability in the long-term care sector. It helps regulators monitor facility performance, assess the quality of care provided, allocate funding, and ensure compliance with health care regulations.
What information must be reported on Financial and Statistical Report for Long-Term Care Facilities?
The report must include detailed financial information such as total revenue, operating expenses, and net income. It also requires statistical data regarding resident demographics, average daily census, staffing levels, types of services provided, and outcomes of care.
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