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This document serves as a financial and statistical report for long-term care facilities in Illinois, summarizing operational data, financial statements, and related activities for the fiscal year

How to fill out financial and statistical report

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

1. Gather all necessary financial data including income, expenses, and investments related to the facility.
2. Organize statistical information such as resident demographics, occupancy rates, and staffing levels.
3. Complete the financial section by entering total revenues, total expenses, and net income accurately.
4. Fill out the statistical section with up-to-date and relevant data as per the template requirements.
5. Review all entries to ensure accuracy and completeness.
6. Obtain necessary approvals from management or relevant authorities before submission.
7. Submit the completed 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 operating under regulatory requirements.
2. Healthcare stakeholders conducting financial analysis and compliance assessments.
3. Government agencies monitoring funding and health service quality.
4. Investors and auditors evaluating 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 standardized document that captures the financial and operational metrics of long-term care facilities. It provides insights into revenue, expenses, occupancy rates, and other important statistics to help assess the facility's performance.

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 as part of regulatory compliance. This ensures that the state and federal agencies can monitor financial health and service quality.

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

To fill out the Financial and Statistical Report, facilities must gather financial statements, occupancy data, staffing levels, and other relevant operational metrics. The report is typically filled out annually or quarterly, following specific guidelines provided by regulatory authorities. It's important to ensure accuracy and completeness in reporting.

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 comprehensive overview of a facility's financial condition and operational performance. It serves as a tool for regulatory oversight, helps in policy formulation, and aids facilities in strategic planning and decision-making.

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

The report must include information such as total revenue, total expenses, staffing levels, patient occupancy rates, demographic information of residents, payer mix, and other critical operational statistics related to the facility's services.