Get the free Financial and Statistical Report for Long-Term Care Facilities - www2 illinois

This document is a financial and statistical report required by the State of Illinois for long-term care facilities for the fiscal year 2000. It includes detailed information about the facility's

How to fill out financial and statistical report

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

1. Gather all relevant financial data for the reporting period, including income, expenses, and balance sheets.
2. Collect statistical data on resident demographics, occupancy rates, and staffing levels.
3. Fill out the financial sections of the report, ensuring to categorize income (e.g., Medicare, Medicaid, private pay) and detail expenses (e.g., salaries, utilities, supplies).
4. Complete the statistical sections by entering data on total admissions, discharges, and resident counts.
5. Double-check all information for accuracy and completeness.
6. Submit the Financial and Statistical 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 such as nursing homes, assisted living centers, and rehabilitation facilities.
2. State and federal regulatory agencies that require financial accountability and performance data.
3. Healthcare stakeholders, including policymakers, that need to assess the efficiency and quality of care in long-term care settings.

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 captures financial performance, operational statistics, and quality of care indicators for long-term care establishments. It helps in assessing the fiscal health and operational efficiency of these facilities.

Who is required to file Financial and Statistical Report for Long-Term Care Facilities?

Long-term care facilities, including nursing homes and assisted living facilities, are typically required to file the Financial and Statistical Report. This requirement often applies to facilities that receive public funding or operate under specific state and federal regulations.

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

To fill out the Financial and Statistical Report, facilities should gather relevant financial records, operational data, and statistics related to patient care. They need to carefully follow the guidelines provided in the reporting instructions, ensuring that all sections are completed accurately and submitted by the 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 provide oversight and transparency regarding the financial and operational aspects of long-term care facilities. It serves to inform regulators, stakeholders, and the public about the quality and funding of care provided in these establishments.

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

The report must include various information such as revenue and expense details, the number of residents, staffing levels, quality measures, and occupancy rates. Additionally, it may require data on patient demographics and services rendered within the reporting period.