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This document is a financial and statistical report for long-term care facilities in Illinois, used to gather necessary information for state healthcare funding and regulation compliance for fiscal

How to fill out financial and statistical report

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

1. Gather all financial documents related to the long-term care facility, including budgets, revenue reports, and expense statements.
2. Review the specific reporting requirements set by regulatory agencies for long-term care facilities in your region.
3. Fill out the header section of the report, including the facility's name, address, and reporting period.
4. Complete the financial section, including income sources such as resident fees, government funding, and donations.
5. Detail your expenses, categorizing them into operational costs, salaries, maintenance, and other relevant areas.
6. Compile statistical data, including the number of residents, staff-to-resident ratios, and occupancy rates.
7. Double-check all calculations for accuracy in income and expenses.
8. Review the entire report for completeness, ensuring that every required section is filled out.
9. Submit the report to the designated regulatory body by the required deadline.

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

1. Long-term care facilities that are required to report their financial status to regulatory agencies.
2. State and federal agencies overseeing the operation of long-term care facilities.
3. Facility management and owners who need to assess financial health and operational efficiency.
4. Stakeholders like investors and community organizations interested in 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 standardized document that collects detailed financial and operational data from long-term care facilities, providing insights into their fiscal health and operational performance.

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

Long-term care facilities that receive government funding or participate in state and federal reimbursement programs 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 must gather accurate financial data, operational statistics, and other relevant information as required by the reporting guidelines, then input this information into the designated format, ensuring all fields are completed and verified for accuracy.

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

The purpose of the report is to monitor financial health, ensure compliance with regulations, facilitate proper funding allocation, and assist in the overall planning and improvement of long-term care services.

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

The report generally requires information on revenue, expenses, resident counts, staffing levels, occupancy rates, and other operational metrics relevant to the facility's financial and statistical performance.