financial triage

financial triage

Managed care A popular term for evaluating a Pt's ability to pay for hospitalization or anticipated medical services, before rendering the services. See Dumping. Cf Triage.
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"Also from my existing charity fund, both the Trussell Trust and the Personal Finance Education Group will get PS500,000 to fund their important work in financial triage and education."
Foodbank charity the Trussell Trust announced on Friday that it will roll out its 'More than Food Programme' to 30 foodbanks across the UK, offering financial triage, debt and money advice to people struggling with their money management, thanks to a GBP500,000 personal donation from 'Money Saving Expert' Martin Lewis.
The study Financial Triage: Assessing Consumer Wellness looks at the relationship between objective measures of consumers' financial situations and their stress levels.
"By introducing a 'financial triage' service in foodbanks, where clients are able to connect with free financial and debt advice, people will be given professional help to manage tight finances, avoid pay day lenders and structure debt to prevent the situation from getting worse and to help people break out of crisis much faster." He said Durham was chosen - alongside Coventry, Cardiff, Hammersmith and Fulham, Dundee and Stroud as it was keen to get involved after the Trussell Trust first talked of the idea and had in place the means to get it started quickly.
"By introducing a 'financial triage' service in food banks, where clients are able to connect with free financial and debt advice, people will be given professional help to manage tight finances, avoid pay day lenders and structure debt to prevent the situation from getting worse and to help people break out of crisis much faster."
Trussell Trust boss David McAuley said: "By introducing a 'financial triage' service in food banks, people will be given professional help to manage tight finances, avoid payday lenders and structure debt to help them break out of crisis faster."
Once you've completed the three-phase financial triage, it's time to examine what would be best vehicles for your clients to accumulate a retirement nest egg.
Part of this process could involve addressing a consumer's financial priorities sequentially -- conducting a financial triage of sorts, tackling the most immediate priorities without ignoring longer-term concerns such as retirement.
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