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This document is a financial and statistical report for long-term care facilities in Illinois, detailing operational, financial, and statistical data for the fiscal year.
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How to fill out financial and statistical report
How to fill out Financial and Statistical Report for Long-Term Care Facilities
01
Gather all financial documents related to the facility, including income statements, balance sheets, and expense reports.
02
Review the reporting requirements and guidelines provided by the relevant health department or regulatory authority.
03
Enter the facility's total revenue for the reporting period in the designated section.
04
Document all expenses, including operating costs, salaries, and other expenditures in the appropriate categories.
05
Report the number of patients served during the reporting period and any relevant demographics.
06
Complete any section relating to additional services offered, such as therapy or rehabilitation services.
07
Double-check calculations for accuracy and ensure all required fields are filled.
08
Submit the report by the designated deadline to the required regulatory body.
Who needs Financial and Statistical Report for Long-Term Care Facilities?
01
Long-term care facilities, including nursing homes and assisted living facilities.
02
Regulatory agencies that oversee healthcare compliance and funding.
03
Financial institutions that support long-term care services.
04
Management teams within the facilities for operational assessments.
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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).
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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 and operational data from long-term care facilities, providing insights into their fiscal health and service delivery.
Who is required to file Financial and Statistical Report for Long-Term Care Facilities?
Long-term care facilities that receive government funding or reimbursement from Medicare or Medicaid are typically required to file this report.
How to fill out Financial and Statistical Report for Long-Term Care Facilities?
To fill out the report, facilities must gather financial records, statistics on patient care, staffing levels, and operational data, then input this information into the designated format or electronic system specified by the regulatory authority.
What is the purpose of Financial and Statistical Report for Long-Term Care Facilities?
The purpose of the report is to ensure transparency and accountability in the funding of long-term care, assess compliance with regulations, and provide data for policymaking and resource allocation.
What information must be reported on Financial and Statistical Report for Long-Term Care Facilities?
The report must include information such as revenue sources, expenditures, staff-to-resident ratios, occupancy rates, and other key performance indicators relevant to the operation of the facility.
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