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This document is a financial and statistical report prepared for the State of Illinois Department of Healthcare and Family Services, detailing the operations, financials, and services of the Randolph
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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 necessary financial data, including income statements, balance sheets, and cash flow statements.
02
Collect statistical data related to resident admissions, discharges, and bed occupancy rates.
03
Begin filling out the report by entering the financial data in the designated sections, ensuring accuracy and consistency.
04
Input the statistical data where required, including metrics such as the number of residents served and staffing ratios.
05
Review the report for completeness, ensuring all sections are filled and calculations are accurate.
06
Consult relevant guidelines or instructions specific to your jurisdiction or funding source to ensure compliance.
07
Submit the completed report by the required deadline.
Who needs Financial and Statistical Report for Long-Term Care Facilities?
01
Long-term care facilities are required to submit Financial and Statistical Reports to state or federal regulatory agencies.
02
Government programs that provide funding or reimbursements for long-term care services may also require this report.
03
Healthcare stakeholders and policymakers use this report to assess the financial health and service delivery of long-term care facilities.
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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 facilities, such as nursing homes. This report is utilized for regulatory, funding, and analytical purposes.
Who is required to file Financial and Statistical Report for Long-Term Care Facilities?
All licensed long-term care facilities, including nursing homes and assisted living facilities, are required to file the Financial and Statistical Report to provide transparency and compliance with federal and state regulations.
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 financial data, staffing information, occupancy rates, and service data. This information must be accurately entered into the designated format and filed with the appropriate regulatory agency 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 ensure financial accountability, monitor the quality of care provided, inform policy decisions, and assist in the allocation of resources for long-term care facilities.
What information must be reported on Financial and Statistical Report for Long-Term Care Facilities?
The report must include data on total revenues and expenses, payer sources, staffing levels, resident demographics, occupancy statistics, and any other relevant information that reflects the operational and financial health of the facility.
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