Quality of Life, Socioeconomic Status
Conditions
Keywords
Health related quality of life, Financial Coaching, Medical Financial Partnership, Social Determinants of Health, Socioeconomic status
Brief summary
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
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.
Interventions
BEHAVIORALFinancial Coaching
One-to-one financial coaching focused on credit, debt, savings, and income supports.
BEHAVIORALAccess to referral to social services
Access to referral to a host of social services.
Sponsors
University of California, Los Angeles
Study design
Allocation
RANDOMIZED
Intervention model
PARALLEL
Primary purpose
HEALTH_SERVICES_RESEARCH
Masking
NONE
Eligibility
Sex/Gender
ALL
Healthy volunteers
Yes
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.
Design outcomes
Primary
| Measure | Time frame | Description |
|---|---|---|
| Health-Related Quality of Life | Up to one year (if possible) | We will assess differences between the groups and over time in terms of health-related quality of life |
Countries
United States
Outcome results
None listed