Financial Transparency and Patient Experience

Financial Transparency and Patient Experience

Jenni Daniel BSN, RN
Jenni Daniel BSN, RN
Financial Transparency and Patient Experience| cancerGO

The patient experience related to financial transparency during cancer treatment is critical in ensuring that patients receive the best possible care and can manage the financial burden associated with cancer treatment. This experience can impact how patients perceive the cost of treatment, their ability to make informed decisions if they cannot afford treatment, and their mental health.

 

Patients who have a positive experience with financial transparency during cancer treatment are more likely to feel empowered and in control of their health and healthcare expenses. When patients receive clear and transparent information about the costs of treatment, they can make informed decisions about their care, which can improve treatment adherence and overall outcomes. Patients who are well-informed about the cost of treatment are also more likely to be prepared for any financial burden, reducing stress and anxiety related to the cost of care.

 

On the other hand, patients who perceive a lack of financial transparency may feel overwhelmed, frustrated, and uncertain about their ability to afford treatment. They may be hesitant to, or not to, seek necessary care if they are unsure about the costs, which can negatively impact their health outcomes. Moreover, if patients cannot afford treatment, they may face difficult decisions, such as delaying or forgoing necessary care, which can have severe consequences on their health and well-being.

 

The impact of financial stress on mental health is well documented. Financial stress can cause anxiety, depression, and other mental health disorders, which can negatively impact a patient’s quality of life, treatment adherence, and outcomes. In addition, patients who cannot afford treatment may experience feelings of guilt, shame, and hopelessness, which can further exacerbate their mental health conditions.

 

Healthcare systems and providers need to provide patients with clear and transparent information about the costs of cancer treatment. They should be able to explain what is covered by insurance, provide an estimate of the total cost of treatment, and outline any out-of-pocket expenses. Providers should also be prepared to discuss financial assistance options, such as payment plans, financial assistance programs, or alternative treatments that may be less expensive, yet still effective.

 

If patients cannot afford treatment, there are various options available to help them manage the financial burden of cancer care. Patients need the ability to work with their healthcare providers to find less expensive treatment options or negotiate payment plans. Additionally, there are various financial assistance programs available for patients who meet certain eligibility criteria. Patients should not hesitate to speak with their healthcare providers about their financial concerns and explore all options available to them.

 

In conclusion, the patient experience related to financial transparency during cancer treatment is crucial to ensure that patients can manage the financial burden of care and make informed decisions about their health. Clear and transparent communication about the cost of care is essential to empower patients and improve their overall outcomes. Healthcare providers and systems should be prepared to discuss financial assistance options with patients who cannot afford treatment and support them throughout their cancer journey.

For more help with financial assistance during cancer, please look at the Support Organizations section of the CancerGo app or reach out directly to mynurseathome1@gmail.com.

 

Jenni Daniel BSN, RN
Jenni Daniel BSN, RN
Jenni Daniel has years of experience as an oncology nurse who is committed to supporting cancer patients and caregivers during one of the most challenging journeys of their life. Driven by her personal experiences she takes pride in providing support, education, and teaching the importance of self advocacy during healthcare encounters. As a Bachelors prepared nurse her goals include normalizing the conversations around cancer, helping people manage side effects from treatment, and supporting the mental health of people affected by this disease. By working virtually she is able to support people in over 37 states, and encourages compliance with providers’ recommendations. She has a passion to calm the fears and trauma caused by a cancer diagnosis, providing a safe place to heal and restore, using practical advice, encouragement, support, and even humor and accountability to make the journey less overwhelming. She provides education to understand what is happening to the physical body, while maintaining focus on mindset and keeping mental health a priority during each encounter.

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