Panacea will serve as a preferred equipment financing option for UptimeHealth’s healthcare clients, as well as offer discounted pricing on UptimeHealth’s unique services to Panacea’s rapidly growing Practice Solutions customer base.    

Little Rock, Arkansas

Panacea Financial (Panacea), a division of Primis that provides financial services for doctors through all stages of their training and practice, has partnered with the UptimeHealth, a software solutions company that develops innovative products to simplify compliance practices and medical equipment management for healthcare organizations across the nation.

Tyler Stafford, CFA, CEO and Co-Founder of Panacea said, “We have built an expedited equipment financing option that will offer healthcare practices across the country unparalleled financing speed. We’re excited to partner with UptimeHealth to provide this financing option to their rapidly growing network of healthcare clients. Additionally, we believe UptimeHealth’s software will provide a superior, yet simplified service to our Practice Solutions clients.”

Panacea is a financial services company created for doctors, by doctors that provides tailored product offerings and service delivery designed specifically for physicians, dentists, and veterinarians throughout their career: from school, through training, and into practice. Panacea’s products cover the full suite of banking needs for this unique population, including PRN personal loans, student loan refinancing, and practice loans.

UptimeHealth CEO and Co-Founder Jinesh Patel said, “Panacea Financial is creating groundbreaking products and services for the financial services industry, making it even easier for healthcare providers to secure the finances needed to support growth. UptimeHealth is incredibly excited to partner with Panacea and continue to explore clever ways to assist the ecosystem. Imagine knowing when you need a new device and immediately securing the funds to procure it. That’s the future we are looking at together!”

About Panacea Financial

Panacea Financial, a division of Primis (NASDAQ: FRST), is a nationwide financial services company offering products in all 50 states as well as Washington, D.C. and Puerto Rico. Panacea offers a full suite of banking solutions specifically built for doctors, by doctors. Follow Panacea Financial on Instagram, Facebook, Twitter, and LinkedIn.

About UptimeHealth

UptimeHealth, headquartered in Boston, is a fast-growing software company that empowers providers to make patients’ lives better. The company focuses on providing healthcare administrators and operators with simple-to-use software to manage compliance tasks, improve access to actionable data to increase operational efficiencies, and tap into the largest network of qualified biomed technicians to support their medical devices. UptimeHealth products were developed to support the movement of healthcare to in-home and outpatient settings. Learn more at uptimehealth.com.

Six healthcare industry veterans join Panacea, Including an Executive Healthcare Credit Officer

Little Rock, Arkansas

Panacea Financial (Panacea), a division of Primis Financial Corp. focused on providing financial services for doctors at all stages of their career, announces a significant expansion of its Practice Solutions (“PPS”) division with the hiring of several industry veterans. 

Tyler Stafford, CFA, CEO and Co-Founder of Panacea stated, “We’re building the strongest end-to-end Practice Finance vertical in the industry. The talent we’re recruiting to Panacea will offer our commercial healthcare clients unparalleled service and advice, along with the most expedited approval process in the market. I couldn’t be more thrilled about the talent we’re bringing to Panacea and the future of our team.”   

Rich Fortino joins Panacea as its Executive Healthcare Credit Officer and will provide oversight of all risk-taking activities including approving credit, ensuring conformity with company / regulatory policies and procedures, monitoring / reviewing group loan underwriting and managing portfolio performance and risk limits. Rich joins Panacea from TD Bank where he served as SVP / Market Commercial Credit Manager since 2014 and founded the credit division of its Healthcare Practice Finance group.  Previously, Rich was the SVP / National Credit Director for Healthcare Practice Finance at Citibank and co-founder of Citibank’s Healthcare Practice Finance business vertical in 2012. Prior to Citibank, Rich worked at PNC Bank as the Senior Credit Officer within its Healthcare Medical and Dental division from 2010-2012.  Prior to PNC Bank, Rich was VP, Portfolio-Account Manager within the Corporate Healthcare Division at Commerce Bank from 2004-2010 and VP, Operations Group Manager within Wachovia Bank’s International Trade Finance Division.

Starlene Reeves joins Panacea as its Healthcare Credit Manager and will oversee the credit underwriting and portfolio management processes. Starlene joins Panacea from TD Bank where she served as a VP / Commercial Credit Manager within its Healthcare Practice Solutions Group since 2014 and was instrumental in the growth of this division. Prior to TD Bank, Starlene was a Credit Underwriter at PNC Bank, where she worked since 2005. 

Rob Borcherding joins Panacea as a Regional Healthcare Manager. Based in Minneapolis, MN, Rob will focus on the upper Midwest regions, supporting Panacea with regional and nationwide lending consulting to any doctor or healthcare student looking to build, grow, or expand their practice.  Rob spent the last 20+ years with Wells Fargo, where he held various management positions in consumer finance, retail banking, merchant card services and healthcare lending. 

Jon Voeller joins Panacea as a Regional Healthcare Manager and will be based in Denver, CO.  Jon brings over 10 years of medical, dental, and veterinary banking experience to Panacea including Bank of America Practice Solutions, Live Oak Bank, First Bank and Celtic Bank. Jon will primarily focus on the Colorado, Arizona, and Southern California markets. 

Sandy Vargas joins Panacea as a Healthcare Consultant and will collaborate with customers, sales and credit to make recommendations and advise on new lending requests.  Sandy brings 19 years of experience in Healthcare lending, from sales management to underwriting.  Sandy joins Panacea from Wells Fargo where she most recently served as a VP / Healthcare Underwriter and held a variety of positions within the Healthcare Industries Group, formerly Practice Finance & Matsco.

Shannon Lynch joins Panacea as a dedicated Healthcare Commercial Loan Closer. Shannon joins Panacea from TD Bank where she served as a Commercial Loan Specialist since 2016, providing services to the Healthcare Practice Solutions Group and various commercial departments.  Shannon served in the United States Navy, retiring in 2016 after 27 years of service.

About Panacea Financial

Panacea Financial, a division of Primis Financial Corp. (NASDAQ: FRST), is a nationwide financial services company offering products in all 50 states as well as Washington, D.C. and Puerto Rico. Panacea offers a full suite of banking solutions specifically built for doctors, by doctors.  Panacea provides tailored product offerings and service delivery designed specifically for doctors throughout their career. Through the Panacea Financial Foundation, their non-profit arm, they have dedicated funding to expand the ethnic and racial diversity of the medical field.  Panacea’s products cover the full suite of banking needs for this unique population, including checking and savings accounts, PRN personal loans, student debt refinancing, and practice loans. For more information, please visit www.panaceafinancial.com.

Click here for the full press release.

Panacea to offer banking and lending services to eligible CMS members

Little Rock, Arkansas

Panacea Financial (Panacea), a division of Primis Financial Corp. that provides financial services for physicians and dentists through all stages of their training and practice, has partnered with the Colorado Medical Society (CMS), the premier professional organization for Colorado physicians, with over 7,500 members across all specialties and employment settings, to provide preferred physician-centric banking services to CMS members.

Tyler Stafford, CFA, CEO and Co-Founder of Panacea said, “At our core, Panacea Financial is simply a company that works to make things better for doctors. From concierge banking to doctor-specific lending criteria, Panacea is able to give CMS members a better way to bank. By partnering with the Colorado Medical Society, we are also able to support a strong organization that is constantly advocating for and supporting physicians.”

Panacea is a financial services company created for doctors, by doctors on the premise that traditional banks simply do not understand the financial needs of medical and dental professionals. Panacea provides tailored product offerings and service delivery designed specifically for physicians and dentists throughout their career: from school, through training, and into practice. Through the Panacea Financial Foundation, their non-profit arm, they have dedicated funding to expand the ethnic and racial diversity of the medical field. Panacea’s products cover the full suite of banking needs for this unique population, including checking and savings accounts, PRN personal loans, student loan refinancing, and practice loans.

Colorado Medical Society CEO Bryan Campbell said, “CMS supports Colorado physicians in their passions for service, advocacy and education. Everything we do aims to make the practice of medicine easier for our members so they can do what they do best – care for patients. Panacea Financial joins us in our mission by bringing valuable financial services solutions to physicians and practice staff.”

Panacea President and Co-Founder Michael Jerkins, MD, added, “Our physician community benefits from strong medical societies and the Colorado Medical Society is no exception with its work to improve the health of Colorado. That is why we are extremely proud to support CMS and its members by giving them the benefits of a bank built for doctors, by doctors.”

About Panacea Financial

Panacea Financial, a division of Primis (NASDAQ: FRST), is a nationwide financial services company offering products in all 50 states as well as Washington, D.C. and Puerto Rico. Panacea offers a full suite of banking solutions specifically built for physicians, by physicians. Follow Panacea Financial on Instagram, Facebook, Twitter, and LinkedIn.

For more information, please visit panaceafinancial.com.

About Colorado Medical Society

The Colorado Medical Society champions health care issues that improve patient care, promote physician professional satisfaction and create healthier communities in Colorado. To learn more about CMS, visit www.cms.org. Follow CMS on Instagram, Facebook, Twitter, and LinkedIn.

Click here for the full press release.

Panacea to offer AAOS members preferred banking and lending services

Little Rock, Arkansas

Panacea Financial (Panacea), a division of Primis Financial Corp. that provides financial services for physicians and dentists through all stages of their training and practice, has joined the American Association of Orthopaedic Surgeons’ (AAOS) Member Advantage Program, an exclusive AAOS member-only program that offers a wide range of discounts and member savings on the most reliable and relevant products and services. As a program partner, Panacea will serve as a preferred banking and lending provider to AAOS’ 39,000 orthopaedic surgeons.

Tyler Stafford, CFA, CEO and Co-Founder of Panacea said, “Orthopaedic surgeons work extremely hard for their patients and deserve a bank that works just as hard to make their life easier. With loans designed just for surgeons, nationwide digital banking, and 24/7 live customer service, Panacea Financial is proud to serve AAOS and its members.”

Panacea is a financial services company created for doctors, by doctors on the premise that traditional banks simply do not understand the financial needs of medical and dental professionals.  Panacea provides tailored product offerings and service delivery designed specifically for physicians and dentists throughout their career: from school, through training, and into practice. Through the Panacea Financial Foundation, their non-profit arm, they have dedicated funding to expand the ethnic and racial diversity of the medical field. Panacea’s products cover the full suite of banking needs for this unique population, including checking and savings accounts, PRN personal loans, student loan refinancing, and practice loans.

“We are pleased to welcome Panacea to the AAOS Member Advantage Program,” said Ben Harkinson, vice president, AAOS Commercial Solutions. “Together with our partners, we strive to offer value-added solutions to support AAOS members. With access to reputable products and services, orthopaedic surgeons can find relevant resources that support their needs.”  

Panacea President and Co-Founder, Michael Jerkins, MD, added, “As a result of the COVID-19 pandemic, orthopaedic surgeons have been faced with an ever-changing clinical landscape. Panacea is proud to support our orthopaedic colleagues through this challenging time with physician-centric services.”

For more information, please visit www.panaceafinancial.com.

About Panacea Financial

Panacea Financial, a division of Primis (NASDAQ: FRST), is a nationwide financial services company offering products in all 50 states as well as Washington, D.C. and Puerto Rico. Panacea offers a full suite of banking solutions specifically built for doctors, by doctors. Follow Panacea Financial on Instagram, Facebook, Twitter, and LinkedIn.

 

About American Academy of Orthopaedic Surgeons

With more than 39,000 members, AAOS is the world’s largest medical association of musculoskeletal specialists. The AAOS is the trusted leader in advancing musculoskeletal health. It provides the highest quality, most comprehensive education to help orthopaedic surgeons and allied health professionals at every career level best treat patients in their daily practices. The AAOS is the source for information on bone and joint conditions, treatments, and related musculoskeletal health care issues, and it leads the health care discussion on advancing quality. Follow the AAOS on Facebook, Twitter, LinkedIn, and Instagram.

Click here for the full press release.

Panacea will provide banking services to AAO-HNS members

Little Rock, Arkansas

Panacea Financial (Panacea), a division of Primis that provides financial services to doctors and doctors-in-training, today announced a partnership with the American Academy of Otolaryngology–Head and Neck Surgery (AAO-HNS), one of the world’s largest organizations representing specialists who treat the ears, nose, throat, and related structures of the head and neck.

Tyler Stafford, CFA, CEO and Co-Founder of Panacea said, “Our company is built specifically for the needs of otolaryngologist-head and neck surgeons across the country including those in training. These doctors deserve a bank that understands their unique work and financial needs. Panacea Financial is proud to partner with AAO-HNS and provide their members our loan products designed just for surgeons, nationwide digital banking, and 24/7 live customer service.”

Panacea is a financial services company created for doctors, by doctors on the premise that traditional banks simply do not understand the financial needs of medical professionals. Panacea provides tailored product offerings and service delivery designed specifically for physicians throughout their career: from medical school, through residency and fellowship, and into attending practice. Through the Panacea Financial Foundation, their non-profit arm, they have dedicated funding to expand the ethnic and racial diversity of the medical field. Panacea’s products cover the full suite of banking needs for this unique population, including checking and savings accounts, PRN personal loans, medical school loan refinancing, and practice loans.

AAO-HNS/F Executive Vice President and CEO James C. Denneny III, MD, said, “Access to specialized financial services is critical to physicians through all stages of their careers. The AAO-HNS is pleased to partner with Panacea Financial to offer our members personalized banking and financial services created specifically for physicians that may not be available elsewhere.”

President and Co-Founder of Panacea, Michael Jerkins, MD added, “It can be frustrating when a bank doesn’t understand the financial implications of the years of training it takes to become an ENT. Many of our doctor-colleagues are forced to accept sub-par service and rigid requirements from banks, which adds to their financial stress. Panacea Financal provides a better alternative with banking services completely revolving around the needs of doctors and doctors-in-training and we are thrilled to bring these services to AAO-HNS members.

 

About Panacea Financial

Panacea Financial, a division of Primis (NASDAQ: FRST), is a nationwide financial services company offering products in all 50 states as well as Washington, D.C. and Puerto Rico. Panacea offers a full suite of banking solutions specifically built for physicians, by physicians.  For more information, please visit panaceafinancial.com.

 

About American Academy of Otolaryngology-Head and Neck Surgery (AAO-HNS)

The American Academy of Otolaryngology–Head and Neck Surgery (AAO-HNS) is one of the world’s largest organizations representing specialists who treat the ears, nose, throat, and related structures of the head and neck. Otolaryngologist–head and neck surgeons diagnose and treat medical disorders that are among the most common affecting patients of all ages in the United States and around the world.

Click here for the full press release.

Industry veteran Brandon Finazzo joins the Company as the Head of Practice Solutions

Little Rock, Arkansas

Panacea Financial (Panacea), a division of Primis that provides financial services for doctors-in-training and practicing doctors, today announced the launch of Panacea Practice Solutions (“PPS”) as the commercial division of Panacea. Additionally, industry veteran Brandon Finazzo has joined the Company as the Head of Practice Solutions.

Panacea Practice Solutions will offer a full suite of business products including partner buy-in, acquisition, expansion, start-up, real estate, and working capital loans, as well as business deposits and treasury management services for medical, dental, and veterinary clients across the country.

Mr. Finazzo has worked in the Healthcare Industry since 2008, with over a decade in commercial lending and credit experience. He joins PPS from Wells Fargo Bank Healthcare Industries group, where he was Regional Healthcare Manager, successfully managing and growing California, Arizona and most recently Texas. Prior to Wells Fargo, Mr. Finazzo was Market Vice President, Citi Practice Finance Group, where he helped roll out a new Practice Finance Division for Citi in northern California. Mr. Finazzo was also Assistant Vice President at US Bank, where he developed and sourced financial solutions for new and existing healthcare clients of US Bank. Brandon has a passion for connecting with trainees to assist them with the preparation for Practice ownership.

Tyler Stafford, CFA, CEO and Co-Founder of Panacea said, “Our commercial expansion is a natural evolution of Panacea and is a strong compliment to the products and services we’re currently offering to our consumer customer base. We’re thrilled to have Brandon join our leadership team as the Head of Panacea Practice Solutions. Brandon’s strong technical expertise, deep industry relationships, and proven leadership abilities have been evident over his career and we’re excited about what we can accomplish under his direction.

Mr. Finazzo stated “I’m ecstatic and proud to join Panacea. With two of the founders serving the community as practicing physicians, Panacea truly understands the financial needs of healthcare professionals. It’s about making the lending and banking process easier and more efficient for the doctor so they can spend more time with patients, and that’s what we are committed to doing.”

About Panacea Financial

is a nationwide financial services company offering products in all 50 states as well as Washington, D.C. and Puerto Rico. Panacea offers a full suite of banking solutions specifically built for doctors, by doctors. Panacea provides tailored product offerings and service delivery designed specifically for doctors throughout their career. Through the Panacea Financial Foundation, their non-profit arm, they have dedicated funding to expand the ethnic and racial diversity of the medical field. Panacea’s products cover the full suite of banking needs for this unique population, including checking and savings accounts, PRN personal loans, student debt refinancing, and practice loans.

For more information, please visit panaceafinancial.com.

Click here for the full press release.

Panacea will provide banking services to ABA and its 700 practices and >4,000 physician clients

Little Rock, Arkansas

Panacea Financial (Panacea), a division of Primis that provides financial services for medical students, residents/fellows and attending physicians, today announced a partnership with Accountants and Business Advisors (ABA) as a preferred banking and lending provider to their 700 physician practices and >4,000 physician clients across the country.

Tyler Stafford, CFA, CEO and Co-Founder of Panacea said, “ABA has a strong presence within the physician, dental, and veterinary sectors, and has been a valuable asset in helping doctors navigate the financial challenges brought about by the COVID epidemic. We’re proud to announce our partnership with such a trusted organization.” 

Panacea is a financial services company created for doctors, by doctors on the premise that traditional banks simply do not understand the financial needs of medical professionals.  Panacea provides tailored product offerings and service delivery designed specifically for physicians throughout their career: from medical school, through residency and fellowship, and into attending practice. Through the Panacea Financial Foundation, their non-profit arm, they have dedicated funding to expand the ethnic and racial diversity of the medical field.  Panacea’s products cover the full suite of banking needs for this unique population, including checking and savings accounts, PRN personal loans, medical school loan refinancing, and practice loans.

 

Bill King, CPA and CEO of ABA said, “We have worked with physicians for over 35 years and understand the difficulties they face every day juggling the key elements of a profitable practice with patient care. We look forward to working with Panacea to help alleviate some of their financial concerns by providing access to specialized and competitive healthcare banking solutions, while offering customized service with a more expedited turnaround than traditional banks.”

About Panacea Financial

Panacea Financial, a division of Primis (NASDAQ: FRST), is a nationwide financial services company offering products in all 50 states as well as Washington, D.C. and Puerto Rico. Panacea offers a full suite of banking solutions specifically built for physicians, by physicians.  For more information, please visit panaceafinancial.com.

 

About Accounts and Business Advisors (ABA)

Accountants and Business Advisors, LLC (ABA) stands alone in our experience, industry-specific expertise, and unwavering commitment to maximizing the profit and minimizing the tax burden of our clients–physicians, dentists, veterinarians, and small business owners. Our advisors utilize a national perspective combined with a localized knowledge to craft innovative and comprehensive financial plans that provide our clients with a clear path to reach their short and long-term financial goals.  To learn more please visit aba-advisors.com.

Click here for the full press release.

Panacea will provide banking services to ACEP’s ~40,000 members

Little Rock, Arkansas

Panacea Financial (Panacea), a division of Primis that provides financial services for medical students, residents/fellows and attending physicians, today announced a partnership with The American College of Emergency Physicians (ACEP), the national medical society representing emergency medicine as a preferred banking and lending provider.

Tyler Stafford, CFA, CEO and Co-Founder of Panacea said, “Emergency physicians have served tirelessly since the outbreak. We’re proud to stand alongside ACEP through this partnership and serve its member base with our banking solutions. Because our company is specifically designed for physicians and physicians in training, we are uniquely able to meet the needs of ACEP members.”

Panacea is a financial services company created for doctors, by doctors on the premise that traditional banks simply do not understand the financial needs of medical professionals. Panacea provides tailored product offerings and service delivery designed specifically for physicians throughout their career: from medical school, through residency and fellowship, and into attending practice. Through the Panacea Financial Foundation, their non-profit arm, they have dedicated funding to expand the ethnic and racial diversity of the medical field. Panacea’s products cover the full suite of banking needs for this unique population, including checking and savings accounts, PRN personal loans, medical school loan refinancing, and practice loans.

“Our partnership with Panacea provides ACEP members with vital resources for this unique and difficult time,” said Susan Sedory, MA, CAE, executive director of ACEP. “The pandemic has affected many emergency physicians financially and ACEP is firmly committed to helping our members, in their lives and their careers, as we all recover and move forward.”

President and Co-Founder of Panacea, Michael Jerkins, MD added, “Emergency physicians work on the front lines, around the clock. Panacea Financial offers solutions to meet the financial needs of these physicians with our 24/7 support, and services designed specifically for every stage of their training and practice. We’re proud to have partnered with ACEP to further our mission of giving doctors a banking experience they deserve and allow them to practice with less financial stress.”

For more information, please visit panaceafinancial.com.

About Panacea Financial

Panacea Financial, a division of Primis (NASDAQ: FRST), is a nationwide challenger bank offering products in all 50 states as well as Washington, D.C. and Puerto Rico. Panacea offers a full suite of banking solutions specifically built for physicians, by physicians.

 

About the American College of Emergency Physicians (ACEP)

The American College of Emergency Physicians (ACEP) is the national medical society representing emergency medicine. Through continuing education, research, public education, and advocacy, ACEP advances emergency care on behalf of its 40,000 emergency physician members, and the more than 150 million Americans they treat on an annual basis. For more information, visit acep.org and emergencyphysicians.org.

Click here for the full press release.

Panacea to provide nationwide insurance services through exclusive partnership with JTS Financial

Little Rock, Arkansas – Panacea Financial, LLC that provides financial services for medical students, residents/fellows and attending physicians in all 50 states, today announced a partnership with JTS Financial (JTS) to provide Disability, Life and Business Insurance coverage to Panacea customers.

Tyler Stafford, CFA, CEO and Co-Founder of Panacea said, “This partnership will enable Panacea to offer all of our consumer and commercial customers the opportunity to shop for the full suite of insurance products they need, all while delivered on a digital platform. By connecting our customer base to dozens of insurance carriers competing for their business through JTS, Panacea customers will be able to seamlessly obtain the appropriate coverage, at the best price, for all of their insurance needs.”

John Starling, Owner and President of JTS Financial noted “The long hours physicians work has impeded their ability to receive quality information and competitive rates on the protections afforded them by life and disability insurance. We at JTS Financial are excited about the opportunity to serve these physicians as a result of our new partnership with Panacea Financial.”

Panacea is a financial services company created for doctors, by doctors on the premise that traditional banks simply do not understand the financial needs of medical professionals. Panacea provides tailored product offerings and service delivery designed specifically for physicians throughout their career: from medical school, through residency and fellowship, and into attending practice. Through the Panacea Financial Foundation, their non-profit arm, they have dedicated funding to expand the ethnic and racial diversity of the medical field. Panacea’s products cover the full suite of banking needs for this unique population, including checking and savings accounts, PRN personal loans, medical school loan refinancing, and practice loans.

About Panacea Financial

Panacea Financial, LLC is a nationwide financial services company offering products in all 50 states as well as Washington, D.C. and Puerto Rico. Panacea offers a suite of financial solutions specifically built for physicians, by physicians. For more information, please visit panaceafinancial.com.

About JTS Financial

JTS Financial is one of the fastest growing employee benefits and HR consulting firms in the Southeast. JTS specializes in innovative employee benefits solutions, with an emphasis on HR Technology. For more information please visit jtsfs.com.

Panacea to offer exclusive banking services to leading locum tenens agency

Little Rock, Arkansas –

Panacea Financial (Panacea), a division of Primis that provides financial services for medical students, residents/fellows and attending physicians, today announced a partnership with LocumTenens.com, a leading physician and advanced practitioner staffing agency serving thousands of clinicians annually, as a preferred banking and lending provider.

Under the terms of the partnership, LocumTenens.com physicians will receive exclusive offerings on loan and deposit products, access to Panacea’s national digital banking services, as well as financial literacy courses. In addition, Panacea will host a “Physician Jobs Resource” page on its website that shares helpful content and information about physician jobs and locum tenens work that could increase awareness of the industry for perspective job seekers.

Tyler Stafford, CFA, CEO and Co-Founder of Panacea said, “Locum tenens healthcare providers have unique financial structures and work schedules. They need a nationwide banking solution that can travel with them wherever they work or live and provide the personalized service they deserve. We are thrilled to work with LocumTenens.com to offer solutions specific to their unique situations, as well as access to financial education.”

Panacea is a financial services company created for doctors, by doctors on the premise that traditional banks simply do not understand the financial needs of medical professionals. Panacea provides tailored product offerings and service delivery designed specifically for physicians throughout their career: from medical school, through residency and fellowship, and into attending practice. Through the Panacea Financial Foundation, their non-profit arm, they have dedicated funding to expand the ethnic and racial diversity of the medical field.  Panacea’s products cover the full suite of banking needs for this unique population, including checking and savings accounts, PRN personal loans, medical school loan refinancing, and practice loans.

Chris Franklin, president of LocumTenens.com, commented, “As 1099 contractors, locum tenens clinicians face unique self-employment challenges. Panacea’s full suite of financial services expertly tailored toward medical professionals – from residents to experienced physicians – is a great complement to LocumTenens.com’s services. We believe Panacea’s offerings will help alleviate our clinicians’ common financial concerns so they can focus on patient care.”

President and Co-Founder of Panacea, Michael Jerkins, MD said, “In the face of the unprecedented Covid-19 crisis, LocumTenens.com clinicians demonstrated their readiness to provide care whenever and wherever they were needed. We are grateful to these providers and are thrilled to help alleviate their financial concerns and anxieties, giving them some peace of mind as they move about the country to help save lives.”

For more information, please visit panaceafinancial.com.

About Panacea Financial

Panacea Financial, a division of Primis, is a nationwide challenger bank offering products in all 50 states as well as Washington, D.C. and Puerto Rico. Panacea offers a full suite of banking solutions specifically built for physicians, by physicians. 

About LocumTenens.com

LocumTenens.com specializes in the temporary placement of physicians, advanced practitioners and psychologists at healthcare facilities across the U.S. through onsite and telehealth services. As the industry’s most-visited job board, LocumTenens.com helps healthcare organizations connect with the medical professionals they need to ensure patients have access to quality care. Founded in 1995, LocumTenens.com is a leader in the healthcare staffing industry, helping place clinicians who deliver care to more than seven million patients in over 2,400 healthcare facilities in the U.S. LocumTenens.com is a Jackson Healthcare® company. Learn more at www.locumtenens.com/about.  

Click here for the full press release.