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This document is a financial and statistical report specifically for long-term care facilities in Illinois for fiscal year 2005.

How to fill out financial and statistical report

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

1. Gather all necessary financial documents and statistical data related to the long-term care facility.
2. Review the guidelines provided for completing the Financial and Statistical Report to ensure compliance with regulations.
3. Begin filling out the financial sections by entering total revenues, including patient fees, government funding, and other income sources.
4. Document all operating expenses, including payroll, supplies, and facility maintenance costs, in the specified categories.
5. Report any additional financial information required, such as investments, grants, or donations.
6. Move to the statistical sections, entering data about resident demographics, occupancy rates, and services provided.
7. Ensure accuracy by cross-checking data against internal records and reports.
8. Review the completed report for any discrepancies or missing information.
9. Submit the report by the designated deadline through the specified method (online, mail, etc.).
10. Retain a copy of the submitted report for your records.

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 regulatory agencies.
2. State and federal government entities use the report for funding allocations and policy development.
3. Management within long-term care facilities needs the report for internal assessments and financial planning.
4. Stakeholders, such as investors and oversight bodies, may require the report for accountability and transparency.

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 document that collects financial and operational data from long-term care facilities to assess their performance, financial health, and compliance with regulatory requirements.

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 typically 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 gather financial data, operational statistics, and patient information from their records, complete the report according to the provided instructions, and submit it to the designated state or federal agency by the deadline.

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

The purpose of the report is to monitor the financial performance and quality of care in long-term care facilities, ensuring compliance with regulations and providing data for policy-making and funding decisions.

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

Facilities must report information including total revenue, expenses, number of residents, staffing levels, patient demographics, and quality of care statistics.