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This document serves as a financial and statistical report required by the State of Illinois for long-term care facilities, detailing financial performance, ownership structure, services provided,

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, including income statements, balance sheets, and cash flow statements.
2. Review the specific guidelines provided by the governing body for the report to ensure compliance.
3. Fill out the demographic information section accurately, including facility name, address, and reporting period.
4. Enter financial data, categorizing income sources and expenses correctly according to the provided categories.
5. Ensure all statistical data, such as patient occupancy rates and staffing levels, are accurately recorded.
6. Double-check all calculations for accuracy, ensuring totals and subtotals are correct.
7. Review the completed report for any missing sections or required signatures from authorized personnel.
8. Submit the report by the indicated deadline to the appropriate regulatory agency.

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

1. Long-term care facility administrators who need to report financial performance.
2. Regulatory agencies requiring oversight of financial practices in long-term care.
3. Financial analysts and auditors reviewing the facility's financial health.
4. Investors or stakeholders interested in the facility's operational sustainability.

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 standardized document that provides a comprehensive overview of the financial performance and statistical data of long-term care facilities, including nursing homes and assisted living 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 other similar institutions, are required to file the Financial and Statistical Report, as mandated by 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, complete all sections of the report accurately, and ensure proper documentation is attached as required. It is advisable to follow the guidelines provided by the regulatory authority.

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 in the operations of long-term care facilities, facilitate regulatory oversight, ensure financial accountability, and help assess the quality of care provided to residents.

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

The report must include detailed information on revenue, expenses, occupancy rates, resident demographics, staffing levels, and other operational statistics relevant to the facility's performance and financial health.