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This document is a financial and statistical report for long-term care facilities in Illinois for the fiscal year 2004. It collects mandatory information necessary for compliance with state regulations
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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 including revenue, expenses, and patient census.
02
Complete the demographic section accurately, detailing the types of services provided.
03
Ensure all financial figures are supported by documentation and records.
04
Fill out any required statistical data, such as occupancy rates and staff-to-resident ratios.
05
Double-check calculations and ensure compliance with reporting standards and guidelines.
06
Submit the report by the specified deadline.
Who needs Financial and Statistical Report for Long-Term Care Facilities?
01
Long-term care facility administrators.
02
State and federal regulatory agencies.
03
Healthcare analysts and policymakers.
04
Quality assurance teams and auditors.
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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 document that summarizes the financial performance and statistical data of long-term care facilities, typically required by governmental bodies to ensure accountability and transparency in the management of public funds.
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 state or federal funding, are required to file the Financial and Statistical Report.
How to fill out Financial and Statistical Report for Long-Term Care Facilities?
To fill out the report, facilities must collect relevant financial data, such as income, expenses, and occupancy rates, and input this information into the prescribed format or template provided by the regulatory agency, ensuring accuracy and compliance with regulations.
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 the financial health and operational performance of long-term care facilities, facilitate regulatory oversight, and inform funding decisions by governments and stakeholders.
What information must be reported on Financial and Statistical Report for Long-Term Care Facilities?
The report must include information such as total revenue, operating expenses, patient census data, staffing levels, and utilization statistics, among other financial and operational metrics.
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