Financial Vulnerability: A Case Study Involving a Patient With Head and Neck Cancer

Effective Cost Conversations: Addressing Financial Toxicity and Cost-Related Health Literacy

Cancer survivors have greater risk of experiencing financial toxicity, or the undue financial burden and stress that patients face related to the costs of cancer care. Cost-related health literacy promotion should begin at the point of care with effective cost-of-care conversations that help to identify and manage patient financial needs. Nurses are uniquely positioned and often sought out as trusted sources of cost-of-care information and play a key role in engaging in effective cost conversations that help consumers to understand and manage their costs of care.

It Is Time to Ask About Financial Toxicity

Increasing attention in the oncology community has turned to the problem of financial toxicity, a term coined to reflect the significant negative impact that high medical costs combined with income interruption during treatment may cause. Numerous studies have described how widespread the problem is, affecting as many as 73% of patients with cancer, and its association with negative outcomes, such as decreased health-related quality of life, unplanned and unwanted lifestyle changes because of lack of funds, and intentional nonadherence to planned therapy in an attempt to decrease out-of-pocket costs. Several articles describe brief screening tools, such as the Distress Thermometer, and psychometrically tested assessment instruments, like the Comprehensive Score for Financial Toxicity, that are potentially suitable to incorporate into routine clinical practice. However, there are very few tested interventions for financial toxicity, despite the recognized need for evidence-based practice in this area.