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This document serves as a financial and statistical report required for long-term care facilities, detailing various operational statistics, financial data, and compliance information as per state

How to fill out financial and statistical report

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

1. Obtain the Financial and Statistical Report form from the appropriate regulatory agency.
2. Gather all financial documents related to the long-term care facility, including balance sheets, income statements, and expense reports.
3. Fill out the facility's identification information, including name, address, and license number.
4. Record the number of residents in the facility during the reporting period.
5. Detail the sources of revenue including government reimbursements, private pay, and other income.
6. Provide information on operating expenses, including salaries, utilities, supplies, and maintenance costs.
7. Complete sections on capital expenditures, if applicable, detailing any major renovations or purchases.
8. Review the regulatory guidelines to ensure all required fields are completed accurately.
9. Double-check all calculations for accuracy before submission.
10. Submit the completed report to the designated regulatory agency by the deadline.

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

1. Long-term care facility operators and administrators.
2. Regulatory agencies overseeing long-term care services.
3. Accrediting bodies that require financial transparency.
4. Potential investors or stakeholders evaluating the facility's financial health.
5. Researchers and analysts studying trends in long-term care financing.

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 mandated document that collects data on the financial operations and statistical information of long-term care facilities, aiming to provide transparency and accountability in their operations.

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

Long-term care facilities that receive public funding or are licensed by state health departments are typically required to file this report to ensure compliance with regulatory standards.

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

Filling out the report involves gathering financial data, including revenue, expenses, and resident statistics, and entering this information into a standardized format provided by the governing health authority.

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

The purpose of this report is to assess the financial health of long-term care facilities, ensure quality care for residents, and inform government policy and funding decisions.

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

The report typically requires information such as operating revenues, expenditures, occupancy rates, staffing levels, and demographic data of residents.