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This document is a report submitted by long-term care facilities in Illinois, providing financial and statistical information for the fiscal year 2005, including ownership details, expenses, occupancy

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 data related to the facility, including income, expenses, and any grants or funding received.
2. Compile statistical information such as the number of residents, staff-to-resident ratios, and occupancy rates.
3. Complete the required sections of the report by entering the gathered financial data accurately.
4. Ensure that all calculations, like total income and total expenses, are correct and reflect the facility's operations.
5. Review the report to ensure compliance with any regulations or guidelines specified by relevant authorities.
6. Ensure all necessary signatures and approvals are obtained before submission.
7. Submit the report by the given deadline to the appropriate regulatory agency.

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

1. Long-term care facilities are required to submit this report to government agencies for compliance.
2. Regulatory bodies use the report to monitor financial viability and operational statistics of facilities.
3. Healthcare administrators need the report for internal assessment and budgeting purposes.
4. Potential investors and stakeholders may require this information to evaluate the facility's 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 document that provides detailed financial and operational data about long-term care facilities. It is used to collect information on the financial performance, occupancy rates, staffing levels, and other key indicators of facility operations.

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

Long-term care facilities that receive state or federal funding, such as nursing homes and assisted living facilities, are typically required to file the Financial and Statistical Report. This includes facilities that participate in Medicare and Medicaid programs.

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

Filling out the Financial and Statistical Report involves gathering data from the facility's financial records, including income statements, balance sheets, and operational statistics. Facilities must accurately complete each section of the form, ensuring that all required data points are reported, and submit it by the designated deadline.

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

The purpose of the Financial and Statistical Report is to provide regulatory agencies with a comprehensive overview of the financial health and operational effectiveness of long-term care facilities. This data is used for monitoring compliance, assessing needs for funding, and improving service delivery.

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

The report must include information such as total revenues, expenses, occupancy rates, staffing levels, patient demographics, and other operational statistics relevant to the facility's performance.