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This document provides financial and statistical information required by the Illinois Department of Public Aid for long-term care facilities for the fiscal year 2001.

How to fill out financial and statistical report

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

1. Gather necessary data: Collect financial statements, resident census, staffing information, and other relevant financial and statistical data.
2. Review instructions: Familiarize yourself with the guidelines provided for completing the Financial and Statistical Report for Long-Term Care Facilities.
3. Fill out Section 1: Enter the facility's identifying information, including name, address, and contact details.
4. Complete Section 2: Input the total number of residents, beds available, and occupancy rates for the reporting period.
5. Document financial details: Record revenue sources, expenses, and any other financial activities based on the facility's accounting records.
6. Account for state-specific variations: Ensure compliance with any state-specific requirements or adjustments as indicated in the guidelines.
7. Verify accuracy: Cross-check entries for accuracy, ensuring that all figures sum correctly and are supported by underlying data.
8. Finalize and submit: Review the completed report for completeness and clarity, then submit it according to the deadlines specified by regulatory authorities.

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

1. Long-term care facilities that are required to report financial and statistical information to state or federal regulatory agencies.
2. Stakeholders, such as management and board members, who require insights into the financial health and operational statistics of the facility.
3. Auditors and financial analysts evaluating the facility's performance and compliance with regulations.
4. Researchers and policymakers seeking data on long-term care trends and facility operations.

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 collects financial, operational, and demographic data from long-term care facilities to evaluate their performance and ensure 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, are required to file the Financial and Statistical Report to provide transparency and facilitate oversight.

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

To fill out the Financial and Statistical Report, facilities should gather their financial statements, staffing records, and operational data, following the standardized format provided by regulatory authorities and ensure accurate and thorough reporting of all required sections.

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 essential data for policymakers, regulators, and stakeholders to assess the financial health, operational efficiency, and care quality in long-term care facilities.

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

Facilities must report information such as total revenue, expenses, staffing levels, patient demographics, occupancy rates, and other relevant operational metrics to ensure comprehensive assessment and compliance.