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This document serves as a financial and statistical report for long-term care facilities, required to disclose information related to financial performance, operational details, and compliance with

How to fill out financial and statistical report

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

1. Gather all financial records and data relevant to the reporting period.
2. Collect operational statistics, including the number of admissions, discharges, and patient days.
3. Complete the identification section, including the facility name, address, and reporting period.
4. Input data into the financial section, detailing revenues, expenses, and net income.
5. Fill out the statistical section by providing information on staffing levels and resident demographics.
6. Review all inputted data for accuracy and completeness.
7. Seek assistance from accounting or financial staff if needed for complex financial data.
8. Submit the report by the designated deadline to the appropriate regulatory body.

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

1. Long-term care facilities that require compliance with state regulations.
2. Facility administrators for financial planning and assessment.
3. Government agencies and auditors for oversight and funding allocation.
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 document that collects financial and statistical data related to the operations of long-term care facilities. It includes information on revenues, expenses, occupancy rates, and other key performance indicators that help assess the facility's performance and financial health.

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

Long-term care facilities that receive state or federal funding, including nursing homes and skilled nursing facilities, are typically required to file the Financial and Statistical Report. This includes facilities that participate in Medicare and Medicaid programs.

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

To fill out the Financial and Statistical Report, facilities must gather relevant financial data, including income, expenses, and occupancy details. They should follow the specific guidelines provided by the state or federal 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 state and federal agencies with necessary data to assess the financial stability and operational performance of long-term care facilities, ensuring compliance with regulations and assisting in health care policy planning.

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 occupancy rates, staff-to-patient ratios, and specific details related to services offered. It may also require reporting on specific populations served, payer sources, and financial assistance provided.