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This document is a financial and statistical report for long-term care facilities in the State of Illinois for the fiscal year 2011. It includes detailed information on the facility's costs, revenues,

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 and balance sheets.
2. Review the reporting requirements specific to your facility's state and federal guidelines.
3. Begin filling out the report by entering your facility's identification information.
4. Input the total number of residents and their classification (e.g., skilled nursing, assisted living).
5. Detail all revenue sources, including Medicare, Medicaid, private payments, and other income.
6. Record the total expenses, categorizing them into staff wages, operational costs, and medical supplies.
7. Include statistical data on resident demographics, admission and discharge rates, and any significant incidents.
8. Double-check all entered data for accuracy and completeness.
9. Sign and date the report as required by regulatory bodies.
10. Submit the completed report through the designated online portal or by mail, adhering to the submission deadlines.

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

1. Long-term care facility administrators who must report financial status.
2. State and federal regulatory agencies that monitor compliance and funding.
3. Financial auditors examining the facility's financial health.
4. Investors or stakeholders needing transparency on facility operations.
5. Insurance companies assessing coverage needs and liabilities.
6. Policy makers evaluating the overall performance of long-term care operations.

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 document that collects financial and operational data from long-term care providers. It is used to assess the financial health, operational efficiency, and quality of care provided by these facilities.

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

All long-term care facilities that receive funding from Medicare or Medicaid, as well as those that are licensed by state regulatory agencies, 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 need to gather accurate financial statements, operational records, and statistical data relevant to their performance. They should follow the specific guidelines provided by the appropriate governing body or agency, ensuring all sections are completed accurately and submitted by the 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 a comprehensive overview of a facility's financial performance and operational statistics. This data aids regulators, policymakers, and organizations in monitoring compliance, assessing quality of care, and making informed decisions regarding funding and resource allocation.

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

Facilities must report various types of information including revenue and expenses, patient demographics, staffing levels, service utilization, and outcome measures. This data helps analyze the facility's financial stability and quality of care deliverables.