The Impact of Family Financial Support on Health Related Quality of Life

Study Overview
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Brief Summary
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The investigators have partnered with financial coaching organizations to establish what the investigators have termed a Medical-Financial Partnership (MFP) that offers financial coaching to improve financial and mental health. The investigators will evaluate the MFP's impact on health related quality of life using the Patient Reported Outcome Measurement Information System (PROMIS) 10 Global Short Form.

Detailed Description
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Financial coaching is a new tool in the field of community development, but it has already demonstrated significant financial impact in a number of studies, including one randomized trial conducted by the Urban Institute. Financial coaching improves participant financial literacy, budgeting, saving for financial emergencies, and debt level. The investigators' project will help clinicians and the field of community economic development understand health and well-being through a new economic lens and assess the health-related impacts of the emerging field of financial coaching. The investigators have partnered with financial coaching organizations to establish what they have termed a Medical-Financial Partnership (MFP) that offers financial coaching to improve financial and mental health. The investigators will evaluate the MFP's impact on health related quality of life using the Patient Reported Outcome Measurement Information System (PROMIS)10 Global Short Form. Community-based participants will be recruited from South Los Angeles and randomized to receive either monthly financial coaching plus access to referral for social services (intervention) or access to referral for social services alone (control). Inclusion criteria include having dependents under age 18, having some form of income, and having a tax identification number (social security number or Individual Tax Identification Number). Participants will be surveyed quarterly regarding their health related quality of life using the PROMIS-10 Global Short Form.

Official Title
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The Impact of Family Financial Support on Health Related Quality of Life

Conditions
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Quality of Life, Socioeconomic Status

Intervention / Treatment
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* Behavioral: Financial Coaching
* Behavioral: Access to referral to social services


Participation Criteria
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Eligibility Criteria
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Inclusion Criteria: Participants must be caregivers/parents with one or more child dependents, some form of income, and a tax identification number. Exclusion Criteria: Inability to participate in financial coaching due to activity/cognitive limitations or primary language other than English or Spanish.
Sexes Eligible for Study
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All

Accepts Healthy Volunteers
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Accepts Healthy Volunteers

Study Plan
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How is the study designed?
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Design Details

Primary Purpose: Health Services Research
Allocation: Randomized
Intervention Model: Parallel Assignment
Masking: None (Open Label)


Arms and Interventions

| Participant Group/Arm | Intervention/Treatment |
| --- | --- |
| Experimental: Financial Coaching & Access to Services<br>Enrollment in one-to-one financial coaching intervention to support savings, income, and credit while reducing debt using available tools in the community development field. | Behavioral: Financial Coaching<br>* One-to-one financial coaching focused on credit, debt, savings, and income supports.<br>Behavioral: Access to referral to social services<br>* Access to referral to a host of social services.<br>|
| Active Comparator: Access to Services<br>Participants will have access to a host of referrals to social services (this is the intervention for this group) | Behavioral: Access to referral to social services<br>* Access to referral to a host of social services.<br>|

What is the study measuring?
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Primary Outcome Measures

| Outcome Measure | Measure Description | Time Frame |
| --- | --- | --- |
| Health-Related Quality of Life | We will assess differences between the groups and over time in terms of health-related quality of life | Up to one year (if possible) | 

 Terms related to the study
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Keywords Provided by Centre Hospitalier Valida
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Health related quality of life, Financial Coaching, Medical Financial Partnership, Social Determinants of Health, Socioeconomic status