Informed financial consent
Breast Cancer Network Australia, Cancer Council Australia, CanTeen and Prostate Cancer Foundation of Australia have developed a Standard for Informed Financial consent as a key component of delivering quality care. The Standard supports doctors and practices to engage in activities that enable greater transparency around fees charged to enable patients to better consider the likely financial impact to them.
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Cancer Council is currently working with doctors and practice staff to develop resources to assist in the implementation of the Standard for Informed Financial Consent.
Information for patients
The Patient Information: The financial cost of healthcare resource includes information for people with cancer and for those caring for someone with cancer.
For patients in rural/remote Australia that need to travel for cancer treatment, refer to the Patient-Assisted Travel Schemes (PATS) in your state/territory.
Call 13 11 20 for financial burden information and support.
Financial burden of cancer care in Australia
Australians experience among the highest cancer survival outcomes in the world. The treatment of cancer can involve multiple healthcare providers, from a mix of public and private services, each attracting a different service fee. This can lead to confusion about who pays for what service and the extent of insurance coverage, leading to unexpected out-of-pocket costs. Out-of-pocket expenses account for the largest proportion of non-government funding on healthcare, and are highest for newly diagnosed cancer patients, and people with private health insurance. Additionally, people affected by cancer often report a reduction in employment and household income, and if left unaddressed, can lead to financial hardship, the effects of which are experienced most by people of lowest socioeconomic status. This can lead patients to choose inferior cancer treatment or forego treatment completely. Modifying clinically effective cancer treatment regimens can lead to risky, unsafe or ineffective, or suboptimal choices and poor clinical outcomes.
Improved transparency about treatment options, charges and expected out-of-pocket costs can enable patients to be more engaged in conversations about their options with their doctors.
If your organisation is interested in endorsing the Standard for Informed Financial Consent please get in touch via email@example.com
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