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

This document serves as a detailed financial and statistical report for the Meadows Mennonite Home, a long-term care facility in Illinois, covering the fiscal year 2003. It includes information on

How to fill out financial and statistical report

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

1. Gather necessary financial documents such as income statements, balance sheets, and cash flow statements.
2. Collect statistical data on patient admissions, discharges, and occupancy rates.
3. Fill in the required financial information in the report template, ensuring all figures are accurate and up-to-date.
4. Provide detailed information on employee numbers, including full-time, part-time, and contract staff.
5. Report on any changes in funding sources or reimbursements received during the reporting period.
6. Review and verify all entries for accuracy before submission.
7. Submit the completed report to the appropriate regulatory agency by the specified deadline.

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

1. Long-term care facilities such as nursing homes, assisted living facilities, and rehabilitation centers.
2. State and federal regulatory agencies that oversee health care facilities.
3. Healthcare policymakers and researchers who analyze trends in long-term care.
4. Insurance companies and other organizations that may require financial data for reimbursement purposes.

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 document that summarizes the financial performance, occupancy rates, staffing, and other operational statistics of long-term care facilities to ensure transparency and compliance with regulatory requirements.

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 required to file the Financial and Statistical Report, typically mandated by state or federal regulations, to maintain compliance and receive appropriate funding.

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 data on revenues, expenses, staffing, resident demographics, and care statistics, and then input this information into the designated reporting format, ensuring accuracy and adherence to guidelines.

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 agencies with necessary financial and operational data, support regulatory compliance, help in planning and allocation of resources, and improve the quality of care in long-term care facilities.

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

The report must include information on financial data such as revenues and expenses, occupancy rates, staffing levels, types of services provided, resident demographics, and any other relevant operational statistics required by the regulatory authority.