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The document serves as a financial and statistical report for the Bloomington Rehabilitation & Health Care Center for the fiscal year 2007, detailing financial performance, occupancy rates, services

How to fill out financial and statistical report

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

1. Gather all relevant financial documents related to the facility's expenditures and revenues.
2. Review the previous year's report for any consistent data that needs updating.
3. Input accurate data for all sections related to income, including patient fees, government funding, and any other revenue sources.
4. Document all expenditures, detailing costs associated with staffing, supplies, and operational expenses.
5. Ensure that all statistical data such as patient census, staffing levels, and service utilization rates are accurately filled in.
6. Double-check calculations and ensure that all financial figures match supporting documents.
7. Fill out any required demographic information about the facility and its residents.
8. Review the completed report for any inconsistencies or incomplete information.
9. Submit the report to the appropriate regulatory bodies by the deadline.

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

1. Long-term care facilities, including nursing homes and assisted living facilities, need the report for compliance purposes.
2. Regulatory agencies require the report to monitor facility performance and allocate funding.
3. Stakeholders and management within the facility need the report for financial planning and decision-making.
4. Insurers may need the report to evaluate claims or ensure coverage.

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 used to collect and report financial and operational data from long-term care facilities. It provides a comprehensive overview of a facility's financial performance and operational metrics.

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

Long-term care facilities that receive Medicaid funding are generally required to file the Financial and Statistical Report to ensure compliance with state and federal regulations.

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

To fill out the Financial and Statistical Report, facilities must gather accurate financial records and operational statistics. It usually involves completing specific sections regarding revenue, expenses, resident statistics, and operational details based on the provided guidelines.

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 relevant stakeholders, including regulators and policymakers, with a clear picture of a facility's financial health and operational effectiveness, ensuring transparency and accountability in the long-term care sector.

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

The report must include information such as total revenue, total expenses, types of services provided, resident demographics, occupancy rates, and any other operational metrics that reflect the facility's performance.