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

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This document provides a financial and statistical report for long-term care facilities in Illinois for the fiscal year 2000, detailing the facility's operations, expenses, services provided, and
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How to fill out financial and statistical report

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

01
Gather all necessary financial documents, including income statements and expense reports.
02
Review the previous year's Financial and Statistical Report for reference.
03
Fill out the facility identifier section with the appropriate information.
04
Complete the financial sections, detailing revenue sources and expenditures.
05
Calculate staffing levels and resident counts, as required by the report.
06
Provide additional statistical data as requested, such as occupancy rates and turnover rates.
07
Review the completed report for accuracy and completeness.
08
Submit the report by the deadline specified by the governing body.

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

01
Long-term care facility administrators and finance officers.
02
State and federal regulatory agencies monitoring facility performance.
03
Healthcare policymakers and researchers analyzing trends in long-term care.
04
Insurance companies and financial institutions evaluating the facility's financial health.
05
Stakeholders interested in the operational metrics of long-term care facilities.
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People Also Ask about

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.
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.
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.
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.
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
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.
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.
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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The Financial and Statistical Report for Long-Term Care Facilities is a document that collects financial data and operational statistics from long-term care facilities to assess their performance and financial health.
Long-term care facilities that participate in Medicaid and Medicare programs are typically required to file the Financial and Statistical Report.
To fill out the report, facilities should gather accurate financial and operational data, adhere to the guidelines provided in the report's instructions, and submit the completed document by the deadline.
The purpose of the report is to provide regulatory agencies with a comprehensive view of the financial status and operational metrics of long-term care facilities, ensuring compliance and facilitating appropriate funding.
Facilities must report various financial data, including revenues, expenses, and occupancy rates, as well as operational statistics such as patient demographics and services provided.
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