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This document is a financial and statistical report required for long-term care facilities in the state of Illinois for fiscal year 2004. It includes details on facility licensing, occupancy rates,

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 data, including income from patient care, service fees, and any other sources of revenue.
2. Collect all expenses related to operational costs, such as staff salaries, utilities, supplies, and maintenance.
3. Organize the data into categories such as revenue, expenses, and net profit/loss.
4. Use the designated template or software provided for the Financial and Statistical Report to begin inputting the collected data.
5. Fill in the revenue section with accurate figures, ensuring all income sources are represented.
6. Complete the expenses section with detailed breakdowns of each category.
7. Include any statistical data required, such as the number of residents, occupancy rates, and staffing levels.
8. Review all entries for accuracy and completeness.
9. Ensure compliance with any specific guidelines provided by regulatory bodies.
10. Submit the report within the specified deadline to the appropriate authorities.

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

1. Long-term care facilities are required to submit the Financial and Statistical Report to state and federal health departments.
2. Facility administrators need the report to assess financial health and operational efficiency.
3. Regulatory agencies utilize the report for oversight and ensuring compliance with funding requirements.
4. Investors and stakeholders may require the report to evaluate the facility's financial performance.

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 financial performance and statistical data related to the operation of long-term care facilities, used for regulatory and funding purposes.

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 that receive Medicare or Medicaid funds, are typically required to file this report.

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

To fill out the report, facilities need to gather financial data, complete the required sections regarding income, expenses, resident statistics, and submit the report by the designated deadline following the provided guidelines.

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

The purpose of the report is to ensure transparency in financial operations, assess the quality of care provided, and determine funding needs, allowing stakeholders to hold facilities accountable.

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

The report must include detailed financial information such as revenue, expenses, staffing levels, resident demographics, and quality of care metrics.