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This document is a financial and statistical report for long-term care facilities in Illinois, detailing financial information, patient care statistics, and administrative costs 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 necessary financial data for the reporting period.
02
Compile statistical data related to resident care and facility operations.
03
Complete the financial sections, including income, expenses, and balance sheet items.
04
Enter statistical data accurately in the designated fields.
05
Review all sections for accuracy and completeness.
06
Ensure compliance with state and federal regulations.
07
Submit the report by the designated deadline.
Who needs Financial and Statistical Report for Long-Term Care Facilities?
01
Long-term care facilities including nursing homes, assisted living facilities, and rehabilitation centers.
02
State and federal regulatory agencies monitoring compliance and funding.
03
Stakeholders such as investors and family members of residents.
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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 captures the financial performance and statistical data of long-term care facilities. It is used for monitoring, evaluating and enhancing the quality of care and financial viability 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 and assisted living facilities, are required to file the Financial and Statistical Report with the appropriate regulatory body to ensure compliance with state and 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, including income, expenditures, and statistical information on patient demographics and care services. The report generally follows a standardized format, and facilities should adhere to specific guidelines provided by regulatory agencies to ensure accuracy and completeness.
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 transparency and accountability in the operations of long-term care facilities. It helps regulatory bodies assess the financial health, quality of care, and compliance with laws while also supporting policy-making efforts.
What information must be reported on Financial and Statistical Report for Long-Term Care Facilities?
The report must include financial information such as revenues, expenses, and profit margins, as well as statistical data including the number of residents, staff-to-patient ratios, services provided, and outcomes related to resident care.
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