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This document serves as a financial and statistical report for long-term care facilities in the state of Illinois for the fiscal year 2004, detailing ownership, operational statistics, expenses, and

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 data, including revenue, expenses, and assets.
2. Determine the reporting period for the financial and statistical report.
3. Access the required templates or forms for the report, often provided by regulatory agencies.
4. Input total revenue figures, breaking them down into categories such as patient fees, government aid, and other income.
5. Document total expenses, including salaries, operational costs, and supplies.
6. Calculate the net income by subtracting total expenses from total revenue.
7. Fill out statistical data on resident demographics, including the number of residents, length of stay, and service utilization.
8. Verify all submitted data for accuracy and completeness.
9. Submit the report by the designated deadline to the appropriate regulatory agency or oversight body.

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

1. Long-term care facilities such as nursing homes and assisted living facilities.
2. Regulatory agencies that oversee compliance and funding.
3. Healthcare policymakers and researchers analyzing long-term care trends.
4. Financial institutions assessing the viability of long-term care facilities.
5. Insurance companies requiring financial data for patient claims.

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 institutions, including nursing homes and assisted living facilities, to assess their performance and financial health.

Who is required to file Financial and Statistical Report for Long-Term Care Facilities?

Long-term care facilities that receive funding from government sources, such as Medicaid and Medicare, are typically required to file the Financial and Statistical Report to ensure compliance with federal and state 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 data regarding their finances, patient statistics, staffing levels, and operational efficiency, and then input this information into the designated reporting forms, often guided by specific software tools or templates provided by regulatory agencies.

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

The purpose of the Financial and Statistical Report is to ensure accountability and transparency in the financial operations of long-term care facilities while providing essential data for regulatory oversight, funding decisions, and performance evaluation.

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

Information that must be reported includes revenue and expenses, occupancy rates, patient demographics, staffing levels, quality of care metrics, and other operational statistics that reflect the facility's performance.