Addressing Financial Toxicity

The literature has described that many medical treatment interventions have various effects on patients and their families. However, within the past ten years, it has been noted that treatment interventions of some diseases may also have effects that are financial in nature. The term ‘financial toxicity” refers to the high cost of care of many diseases and the financial burden and distress placed on patients and families because of the treatments and interventions related to those diseases. Coordinated efforts of patients, providers, and organizations as well as emerging research are needed to address this unique and specific problem. Learner Objectives Classify the various costs of healthcare delivery. Compare and contract different healthcare reimbursement methods for patients. Describe the concept of financial toxicity and its application to health care. Create strategies to address the cost of care with patients in healthcare organizations. Identify the steps to creating an education module for NP students. Review statistics of a created program. Presenter Lyn Stankiewicz Losty, PhD, MBA, RN; Contributing Faculty, Walden University College of Nursing; Minneapolis, Minnesota Nursing CE This event is approved for Nursing CE with the California Board of Nursing.