The Gerontologist, Vol 33, Issue 5 687-691, Copyright © 1993 by The Gerontological Society of America
Developing a daily money management service model: navigating the uncharted waters of liability and viability
KH Wilber and LM Buturain
Andrus Gerontology Center, University of Southern California, Los Angeles 90089-0191.
This article discusses the development and implementation of a Daily Money
Management (DMM) Service within a mature health and social service agency.
Although there is increasing recognition of the need for DMM programs,
major obstacles to their development include problems of securing adequate
financial support and concerns about the liability risks inherent in
providing financial services. This article describes an innovative DMM
service model developed at Senior Health and Peer Counseling in Santa
Monica, California, that has serviced more than 100 elders during its first
two years of operation. The article explores the mission, key components
and organization of the service model, including the development of a
multidisciplinary Technical Advisory Group and a professionally supervised
volunteer staff, the service planning and care coordination issues, the
risk management protocols, and the need for multiple sources of financial
support.
