Dr. Michael Jerkins is a meds-peds physician and the co-founder of Panacea Financial, a financial services company for doctors. After being rejected for multiple loans during residency, Michael realized that traditional banks were failing doctors as customers. So, he created a bank that understands the unique financial struggles and goals of the medical community. 

In this episode of How I Doctor, Offcall co-founder Dr. Graham Walker talks with Michael about why doctors need their own bank and how Panacea has evolved since its launch to meet the needs of physicians (and eventually other clinician groups). They also explore why more doctors are looking for ways to practice medicine on their own terms, and discuss numerous other aspects of doctors’ financial lives.

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For a full transcript of this episode click HERE

Find all episodes of How I Doctor at offcall.com/podcast or subscribe on your favorite podcast player at https://episodes.fm/1767429315.

In this episode, Graham and Michael discuss:

05:01 Peer Lending Solution for Loan Challenges

13:06 Medical Practice Financing Challenges

16:24 Financial Challenges for Med Students

19:55 Medicare's Evolving Role with Dentistry

24:19 Doctors' Dilemma: Medicine vs. Tech