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This document is a financial and statistical report required by the Department of Public Aid for long-term care facilities in Illinois. It includes detailed information on facility operations, financial

How to fill out financial and statistical report

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

1. Gather necessary financial documents including balance sheets, income statements, and expense reports.
2. Review the instructions for the report to understand the required data and format.
3. Fill out the facility's identification details including name, address, and contact information.
4. Input financial data accurately into the designated sections, ensuring all figures are up-to-date.
5. Report on occupancy rates, staffing levels, and other statistical measures as required.
6. Verify that all calculations are correct and that you have not omitted any mandatory information.
7. Review the completed report for clarity and completeness.
8. Submit the report by the specified deadline as per regulatory requirements.

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

1. Long-term care facilities such as nursing homes, assisted living centers, and rehabilitation facilities.
2. Regulatory agencies that oversee the quality and funding of long-term care services.
3. Financial institutions and investors looking to understand the financial health of these facilities.
4. Researchers and policymakers interested in the economics of long-term care.

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 comprehensive document that provides essential financial and operational data about long-term care facilities. It assists regulatory agencies and stakeholders in evaluating the facility’s fiscal health and quality of care.

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. This ensures uniformity in data collection and reporting across the industry.

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

To fill out the Financial and Statistical Report, facilities must gather and input accurate financial data, such as revenues, expenses, census information, and staff statistics. The document should be completed thoroughly and reviewed for compliance with the specific filing instructions provided by the governing agency.

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 standardized method for collecting and reporting financial and operational data. This information is used for regulatory oversight, policy formulation, and improving quality of care in long-term care facilities.

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

The report must include information such as revenue sources, expense breakdowns, occupancy rates, staffing levels, resident demographics, and other operational metrics. This data is vital for assessment by both regulatory bodies and facility management.