American Oncology Network Launches New Cancer Foundation
November 02 2023 - 8:00AM
American Oncology Network (AON) (Nasdaq: AONC) announced today the
launch of its cancer foundation, the American Oncology Cares
Foundation. The Foundation will raise funds to provide essential
non-medical financial assistance for adult cancer patients.
Cancer is one of the most expensive diseases to treat. According
to a National Cancer Institute study, over 70% of cancer patient
study participants reported some sort of financial hardship within
the first 12 months of starting treatment. These hardships included
at least one of the following situations: debt accumulation, money
borrowing from family and/or friends, house selling or refinancing,
and a decline in personal income.
“As cancer diagnoses increase, financial funds that are
available to support patients decrease,” said Todd Schonherz, AON’s
chief executive officer. “That is why we have created the American
Oncology Cares Foundation — to provide another source of financial
assistance to patients who are in need. Our goal is to alleviate
some of the financial burden associated with essential living
expenses so that patients can refocus on what really matters —
their health journey.”
American Oncology Cares Foundation is utilizing non-profit
America’s Charities to administer and manage the fund as well as to
review patient applications and distribute patient grants. The fund
is designed to be used for housing expenses; utility bills such as
gas, water and electric; and transportation and food costs
associated with travel to and from cancer treatments.
Patients must meet the criteria to qualify for financial
assistance:
- The patient must be receiving active cancer treatment.
- The patient must be at least 18 years old.
- The patient’s household income must be at or below 200% of the
U.S. Federal Poverty Guidelines.
- Reside in a state where a participating AON practice is
located.
Qualified patients can receive a grant of up to $750 per
calendar year. Patients can complete the online application at
charities.org/AONCares.
“Financial hardships related to cancer treatment take a
strenuous toll on patients’ mental and physical well-being,
hindering their overall healthcare journey,” said Carlos E.
Arce-Lara, MD, medical oncologist and hematologist at Cancer &
Blood Specialists of Arizona. “On behalf of the clinic, we are
proud supporters of and contributors to the American Oncology Cares
Foundation and fund. I look forward to seeing this fund grow and
provide financial relief to many deserving patients.”
“While the fund currently operates solely in Arizona and Ohio,
we are in the process of expanding this initiative with the hope
that patients in all states in which AON operates will one day be
able to benefit from the fund,” said Shelly Glenn, AON’s chief
growth and relationship officer. “American Oncology Cares
Foundation is a means where we can make a larger difference beyond
providing high-quality cancer care in our clinics. Our patients are
our core focus in all that we do, and I am excited to be a part of
the Foundation’s launch.”
To begin an application, visit charities.org/AONCares. To donate
to the fund, visit aoncology.com/AONCares.
For more information about AON, visit www.aoncology.com.
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About American Oncology Network
American Oncology Network (AON) (Nasdaq: AONC) is an alliance of
physicians and seasoned healthcare leaders partnering to ensure the
long-term success of community oncology and other specialties.
Launched in 2018, the rapidly expanding AON network represents more
than 220 providers practicing across 20 states. The executive
management team of AON encompasses more than four decades of
oncology practice management experience, enabling physicians to
focus on what matters most — providing the highest quality care for
patients.
The organization provides unique and comprehensive protocols for
managing administrative procedures and enhancing ancillary services
for its affiliates. AON is able to aggregate volume and attain
economies of scale, as it guides its member physicians and
practices through the transition to value-based reimbursement
models that improve the patient experience and help to reduce the
per-capita cost of cancer care.
AON also provides a unique model of physician-led,
community-based oncology management. With services such as a
centralized specialty pharmacy, diagnostics, pathology, fully
integrated electronic medical records, a care management team and a
variety of financial assistance programs, an alliance with AON
ensures that patients’ experiences are at the very pinnacle of
cancer care today. Learn more at aoncology.com.
- American Oncology Network Introduces New Cancer Foundation
Caroline Hewitt
American Oncology Network
941.224.8736
Caroline.Hewitt@AONcology.com
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