Facts About Long Term Care In Florida
Florida nursing homes are serving increasingly diverse patient base and providing a greater variety of acute care, rehabilitative and convalescent services that cannot be delivered elsewhere.
Key Facts
- There are 684 nursing homes in Florida, representing 82,276 beds
- The Estimated number of residents is 72,000 (roughly 85% occupancy at any given time)
- There are 2,690 licensed ALFs in Florida, representing 77,885 beds.
- The average daily cost for a private room in a nursing home is $219, or $79,935 annually.
- The average daily cost for a semi-private room in a nursing home is $191, or $72, 270 annually.
- The average monthly rates for assisted living amounts to $3,131 or $37,572 annually.
- Nearly 40 percent of long term care spending is paid for by private funds.
- Medicare, which covers rehabilitation services after an individual is discharged from a hospital, pays for 19 percent of all long term care spending.
- Medicaid, which covers health care costs for low-income individuals, pays for 49 percent of all long-term care spending.
- Accounting for about 40 percent of total expenditures on nursing facilities, Medicaid's payments cover the care of more than half of all nursing home residents.
- Medicare patients have short rehabilitative stays – 33 days average
- Medicaid and private pay patients have long lengths of stay – 386 days average
Economic Role of Long Term Care Facilities in Florida
- Support an estimated $20.1 billion of Florida’s economy
- Contribute to nearly 272,800 jobs and support $9.6 billion in labor income through employment of both direct caregivers and support staff (i.e, food service, maintenance, social workers)
- Generate $3 billion in state and federal tax revenue
- Long term care facilities contribute to other businesses through a ripple effect, with each nursing home job resulting in two additional jobs or nearly $5 of added economic activity within a local community.
Future Needs for Long Term Care
- By 2026, the population of Americans ages 65 and older will double to 71.5 million.
- Between 2007 and 2015, the number of Americans ages 85 and older is expected to increase by 40 percent.
- Among people turning 65 today, 69 percent will need some form of long-term care, whether in the community or in a residential care facility.
- By 2020, 12 million older Americans will need long term health care. (HIAA, "A Guide to Long-Term Care Insurance", 2002)
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