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

This study has been completed.
Sponsor:
ClinicalTrials.gov Identifier:
NCT02722005
First Posted: March 29, 2016
Last Update Posted: October 26, 2017
The safety and scientific validity of this study is the responsibility of the study sponsor and investigators. Listing a study does not mean it has been evaluated by the U.S. Federal Government. Read our disclaimer for details.
Information provided by (Responsible Party):
Adam Schickedanz, University of California, Los Angeles
  Purpose
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.

Condition Intervention
Quality of Life Socioeconomic Status Behavioral: Financial Coaching Behavioral: Access to referral to social services

Study Type: Interventional
Study Design: Allocation: Randomized
Intervention Model: Parallel Assignment
Masking: None (Open Label)
Primary Purpose: Health Services Research
Official Title: The Impact of Family Financial Support on Health Related Quality of Life

Further study details as provided by Adam Schickedanz, University of California, Los Angeles:

Primary Outcome Measures:
  • Health-Related Quality of Life [ Time Frame: Up to one year (if possible) ]
    We will assess differences between the groups and over time in terms of health-related quality of life


Enrollment: 150
Study Start Date: March 2016
Study Completion Date: October 2017
Primary Completion Date: October 2017 (Final data collection date for primary outcome measure)
Arms Assigned Interventions
Experimental: Financial Coaching & Access to Services
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
One-to-one financial coaching focused on credit, debt, savings, and income supports.
Behavioral: Access to referral to social services
Access to referral to a host of social services.
Active Comparator: Access to Services
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
Access to referral to a host of social services.

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.

  Eligibility

Information from the National Library of Medicine

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Ages Eligible for Study:   Child, Adult, Senior
Sexes Eligible for Study:   All
Accepts Healthy Volunteers:   Yes
Criteria

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.
  Contacts and Locations
Information from the National Library of Medicine

To learn more about this study, you or your doctor may contact the study research staff using the contact information provided by the sponsor.

Please refer to this study by its ClinicalTrials.gov identifier (NCT number): NCT02722005


Locations
United States, California
LIFT-LA in Affiliation with UCLA
Los Angeles, California, United States, 90007
Sponsors and Collaborators
University of California, Los Angeles
Investigators
Principal Investigator: Adam Schickedanz, MD University of California, Los Angeles
  More Information

Responsible Party: Adam Schickedanz, Clinical Instructor in Pediatrics and Clinical Scholar, University of California, Los Angeles
ClinicalTrials.gov Identifier: NCT02722005     History of Changes
Other Study ID Numbers: UCLASchickedanzFCHRQOL
First Submitted: March 24, 2016
First Posted: March 29, 2016
Last Update Posted: October 26, 2017
Last Verified: October 2017
Individual Participant Data (IPD) Sharing Statement:
Plan to Share IPD: No
Plan Description: Participant consents do not include data sharing beyond the study and there exists no appropriate repository for data sharing.

Keywords provided by Adam Schickedanz, University of California, Los Angeles:
Health related quality of life
Financial Coaching
Medical Financial Partnership
Social Determinants of Health
Socioeconomic status