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This document is a financial and statistical report for long-term care facilities in Illinois, specifically for the fiscal year 2003. It details various financial and operational information of the

How to fill out financial and statistical report

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

1. Gather all relevant financial documents, including income statements, balance sheets, and cash flow statements.
2. Review the guidelines provided by the relevant authority for formatting and content requirements.
3. Fill out the report sections systematically, starting with the identification information of the facility.
4. Input financial data including revenue from patient care, investments, and any other income sources.
5. Document expenses accurately, detailing categories such as salaries, administration costs, and maintenance expenses.
6. Include statistical data, such as the number of patients served, staffing levels, and occupancy rates.
7. Double-check all entries for accuracy, ensuring that totals balance and align with supporting documentation.
8. Attach any required supplementary schedules or documents that corroborate the data presented in the report.
9. Submit the completed report according to the deadlines set by the regulatory body.

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

1. Regulatory agencies that oversee long-term care facilities to ensure compliance with financial reporting standards.
2. Facility administrators and financial officers for internal planning and assessment.
3. Investors and stakeholders who are interested in the financial health of the facility.
4. Researchers and policymakers needing data for long-term care studies and program development.

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 and operational data from long-term care facilities to ensure compliance with regulatory requirements and to provide insights into the facility's performance.

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 residences, are required to file the Financial and Statistical Report as part of their compliance with state and federal regulations.

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

Filling out the Financial and Statistical Report involves gathering financial records, operational statistics, and other relevant data. Facilities must follow the provided guidelines and instructions, often including forms detailing income, expenses, resident days, and staffing ratios, to ensure accurate and complete reporting.

What is the purpose of Financial and Statistical Report for Long-Term Care Facilities?

The purpose of the Financial and Statistical Report is to monitor financial stability, assess compliance with laws and regulations, inform funding and reimbursement decisions, and enhance the quality of care provided in long-term care facilities.

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

The report must include detailed information on revenue, expenditures, number of residents, staffing levels, service types provided, and occupancy rates, among other financial and operational metrics.