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This document serves as a financial and statistical report for long-term care facilities in Illinois, detailing various operational metrics, costs, income, and related party transactions.
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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 necessary financial documents such as income statements and balance sheets.
02
Review guidelines provided by the relevant authority to understand the reporting requirements.
03
Fill out the basic facility information, including name, address, and contact details.
04
Input financial data for revenues, expenses, assets, and liabilities accurately.
05
Document statistical information such as resident counts, staff numbers, and occupancy rates.
06
Ensure all sections of the report are completed according to the specifications outlined in the guidelines.
07
Review and verify the accuracy of all data entered into the report.
08
Submit the completed report by the specified deadline to the appropriate regulatory agency.
Who needs Financial and Statistical Report for Long-Term Care Facilities?
01
Long-term care facility administrators and managers.
02
Financial analysts and accountants working with long-term care facilities.
03
Regulatory agencies that oversee the compliance of long-term care facilities.
04
Researchers and policymakers assessing the status 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 document that collects financial and operational data from long-term care facilities to assess their performance, financial stability, and compliance with regulations.
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, typically are required to file this report as mandated by state and federal regulations.
How to fill out Financial and Statistical Report for Long-Term Care Facilities?
To fill out the report, facilities must gather relevant financial documentation and statistical data, complete the provided forms accurately, and ensure all information is supported by appropriate records before submitting it to the appropriate regulatory body.
What is the purpose of Financial and Statistical Report for Long-Term Care Facilities?
The purpose of the report is to provide transparency in financial operations, ensure compliance with funding requirements, support oversight by regulatory agencies, and contribute to the planning and improvement of long-term care services.
What information must be reported on Financial and Statistical Report for Long-Term Care Facilities?
The report must include detailed financial data such as revenue, expenses, and net income, as well as statistical information such as the number of residents, occupancy rates, staffing levels, and services offered.
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