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This document serves as a financial and statistical report for long-term care facilities in Illinois, detailing financial data, services provided, occupancy rates, costs, and statistical information
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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 all financial statements for the reporting period.
02
Collect statistical data such as patient census and staffing information.
03
Fill out the section for revenues, including service income and other sources.
04
Document all expenses related to operations, categorizing them appropriately.
05
Input detailed information about patient demographics and services provided.
06
Review the report for accuracy and completeness.
07
Submit the report by the designated deadline to the appropriate regulatory authorities.
Who needs Financial and Statistical Report for Long-Term Care Facilities?
01
Long-term care facilities such as nursing homes and assisted living centers.
02
Regulatory bodies that oversee long-term care services.
03
Financial institutions and investors assessing the facility's financial health.
04
Government agencies for funding and compliance purposes.
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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 collects financial and operational data from long-term care providers to assess their performance, funding needs, and compliance with regulations.
Who is required to file Financial and Statistical Report for Long-Term Care Facilities?
Long-term care facilities, including nursing homes and other residential care providers that receive Medicaid or Medicare funding, 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 should gather accurate financial data, operational statistics, and other required information, and then complete the report forms according to the specific instructions provided by the reporting authority.
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 standard framework for evaluating the financial health and operational effectiveness of long-term care facilities, ensuring accountability and transparency in the use of public funds.
What information must be reported on Financial and Statistical Report for Long-Term Care Facilities?
Facilities must report information such as total revenues and expenses, number of residents served, staffing levels, occupancy rates, and other relevant operational and financial metrics.
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