Who is Family Reach? Family Reach is a national organization that provides financial support for families facing cancer. We work with patients and healthcare professionals at more than 400 hospitals and cancer centers, striving to reach more families before they hit critical financial breaking points. Through our solutions-oriented Financial Treatment Program, nationwide events, strategic partnerships, and generous community support, we are dedicated to eradicating the financial barriers that accompany a cancer diagnosis.
The problem:
The solution:
Many patients experience toxic financial side effects during treatment that are associated with poor treatment adherence, bankruptcy, and mortality. This Cancer-Related Financial Toxicity occurs when patients and caregivers face hefty medical bills and an inability to work due to treatment. The loss of income coupled with increased out-of-pocket expenses makes it difficult for families to keep up with everyday bills, such as the mortgage, groceries, and gas for the car.
Family Reach’s solutions-oriented Financial Treatment Program provides cancer patients and their families with financial education, navigation, planning, and assistance. As a significant component of these services, Financial Planning for Cancer empowers families to manage their cash flow and debt during treatment by pairing them with pro-bono financial planners.
The scary reality is that bankruptcy can become as real of a concern as survival. In fact, cancer patients are 2.65 times more likely to experience bankruptcy than those without cancer - and patients who do declare bankruptcy have a 79% greater risk of dying from their disease.
Financial Planning for Cancer
Through solutions like Financial Planning for Cancer, the goal is to reverse the financial toxicity that has become the norm for cancer patients. We know that no one plans for cancer, but adding a financial expert to care teams can help families make it to the other side.
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