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

This document serves as a comprehensive financial and statistical report for the Patterson House, detailing its operations, financial performance, and compliance with regulations 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 necessary documentation, including financial statements, resident statistics, and operational data.
2. Log into the applicable online portal or obtain the physical form for the Financial and Statistical Report.
3. Fill in the facility's identifying information, such as name, address, and license number.
4. Complete the financial section by inputting revenue, expenses, and profit margins accurately.
5. Document the resident statistics, including admission and discharge numbers, and average daily census.
6. Ensure all data is consistent with prior reports and address any discrepancies.
7. Review the report thoroughly for accuracy and completeness.
8. Submit the report by the designated deadline, adhering to any specific submission instructions.

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

1. Long-term care facilities seeking compliance with regulatory requirements.
2. State and federal agencies needing oversight and funding allocation.
3. Healthcare professionals interested in analyzing financial performance and operational capacity.
4. Researchers studying trends in long-term care services and their financing.

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 the financial performance and operational statistics of long-term care providers. It serves as a tool to assess the fiscal health and service delivery of these facilities.

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

All licensed long-term care facilities, including nursing homes, assisted living facilities, and similar entities, are required to file the Financial and Statistical Report as part of their compliance with state or federal regulations.

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

To fill out the Financial and Statistical Report, facilities must gather relevant financial data, staffing information, patient demographics, and operational statistics. Then, they must complete the sections of the report accurately, ensuring that all numbers are reconciled and supporting documentation is available for verification.

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, facilitate funding decisions, ensure accountability, and enable policymakers and regulators to analyze the performance and quality of long-term care services provided to the community.

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

The report must include a range of information such as revenue and expenditure details, occupancy rates, staffing levels, patient care statistics, and other relevant financial metrics that illustrate the operational status and safety of the facility.