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This document is a comprehensive financial and statistical report required by the State of Illinois for long-term care facilities. It includes various financial data, operational statistics, ownership
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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 required documentation and data, including financial records, resident statistics, and operational details.
02
Fill out the basic information section, providing details about the long-term care facility, such as name, address, and contact information.
03
Complete the financial section, detailing income sources, expenses, and profit or loss for the reporting period.
04
Report resident statistics, including admission and discharge figures, average daily occupancy, and demographic information.
05
Include additional sections as required, such as quality measures and services provided.
06
Review all entries for accuracy and completeness before submission.
07
Submit the report to the appropriate regulatory agency by the due date.
Who needs Financial and Statistical Report for Long-Term Care Facilities?
01
Long-term care facilities must submit the report for compliance.
02
Regulatory agencies require the report to assess facility performance and financial health.
03
Stakeholders, including investors and donors, use the report to evaluate facility viability.
04
Researchers and policymakers may analyze the report for insights into the long-term care industry.
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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 collects financial, operational, and statistical data from long-term care facilities to assess their performance and ensure compliance with regulations.
Who is required to file Financial and Statistical Report for Long-Term Care Facilities?
All long-term care facilities that receive public funding or are licensed by state authorities are generally 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 Financial and Statistical Report, facilities must gather the required financial data, operational metrics, and statistical information, then input this data into the appropriate sections of the report form, adhering to guidelines provided by the regulatory body.
What is the purpose of Financial and Statistical Report for Long-Term Care Facilities?
The purpose of the report is to provide transparency regarding the financial health and operational performance of long-term care facilities, allowing for better oversight, funding decisions, and resource allocation.
What information must be reported on Financial and Statistical Report for Long-Term Care Facilities?
The report must include information such as facility demographics, financial performance metrics, occupancy rates, staffing levels, services provided, and any other relevant operational statistics.
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