At New Day, we’re passionate about helping families navigate the treacherous waters of cancer. The financial and emotional toll is unimaginable for many. We’re committed to reducing the effects of financial toxicity and having a positive impact on treatment outcomes and survivorship through financial assistance and emotional support programs for cancer patients and their families.
There is no true measure of the value of a helping hand when you need it most, but here are few links that speak directly to the impact of the type of programs we offer. (Click each title to read the entire article.)
The phrase “financial toxicity” refers to the way out-of-pocket expenses can drain the wallets of cancer patients, poison quality of life and, in fact, become an adverse event of treatment.
The 11-item COST (Comprehensive Score for Financial Toxicity) questionnaire is a “first and major step toward measuring how financial distress impacts the lives of patients with cancer,”… “I think it’s groundbreaking,” said Yousuf Zafar, MD, from the Duke Cancer Institute in Durham, North Carolina. “It is a validated measure for identifying a risk that we did not even acknowledge a few years ago,”
“In our research, we have found that income didn’t really matter,” he explained, saying that even wealthy people can undergo financial distress because cancer care costs and periods of unemployment can wreak havoc.
Evidence suggests that a considerably large proportion of cancer patients are affected by treatment-related financial harm. As medical debt grows for some with cancer, the downstream effects can be catastrophic, with a recent study suggesting a link between extreme financial distress and worse mortality.
A cancer diagnosis can all too often lead to unemployment. This threatens the economic stability and safety of entire families.
Patients diagnosed with cancer, which is one of the most expensive diseases to treat in the United States, are at risk of experiencing significant financial burden. These patients, in general, pay more out of pocket for their healthcare compared with those suffering from other chronic conditions, which, in turn, can harm the quality of cancer treatment.