About Us

We’re a financial services company created for doctors, by doctors – aiming to improve the lives of physicians and physicians in training with products and services tailored to the medical community.

Our Founders Shared Similar Experiences

Both of our physician founders and their colleagues in medical school and residency ran into unique financial challenges.

While the situations may have been different, the feeling of frustration was universal…

I’m a doctor, why do I need a cosigner?
I can’t ask my family for money, again…
…banks won’t trust me even with a small loan.
How much more can I put on credit cards before I max out?
Where can I get help?

Our Founders Shared Similar Experiences

Both of our physician founders and their colleagues from their time in med school and residency ran into unique financial challenges.

While the situations may have been different, the feeling of frustration was universal…

I’m a doctor, why do I need a cosigner?
I can’t ask my family for money, again…
…banks won’t trust me even with a small loan.
How much more can I put on credit cards before I max out?
Where can I get help?
attending physician with young child

Financial stress happens in med school, residency, and even for practicing physicians

That’s not the problem; that’s part of the industry.
The true problem is the shocking absence of financial resources and solutions tailored to meet the unique needs of the medical community.
These resources must not merely be available – they must be carefully designed to satisfy your specific concerns.

That’s why we founded
Panacea Financial

To provide the high level of support and access we wish we’d had during our years in training and beyond. Our team is driven to simplify your financial world so you can focus on delivering the highest level of care every day.
physician in surgery

Our Mission

At Panacea Financial, we believe it is our responsibility to make medicine better. As a team, we adhere to three foundational tenets within that mission:

Enhance Financial Freedom

By providing a personalized banking experience specifically for physicians we can help you overcome the financial stress of training and practice.

Defend Your Time

All of our processes are focused on protecting your most precious commodity: time. That’s why we’re available around the clock, to be there when you need us, not just 9 to 5

Trust Physicians as Borrowers

We offer rapid lending with completely digital applications at competitive rates because we believe being a medical student or physician is the most important thing about your financial maturity, not a credit score.

Our Community Engagement

Powering the Next Generation of Physicians

We aim to make medicine better by strengthening the underrepresented minority pipeline of physicians. Driven by our commitment to provide financial support, we leverage our large network of physician customers to power the next generation of medicine.

This is not a one-off effort or occasional donation. It’s who we are as a company, and it’s part of our DNA.

Meet Our Team

Tyler Stafford
Tyler Stafford, CFA
Chief Executive Officer and Co-Founder

Tyler is the Chief Executive Officer and Co-Founder of Panacea Financial. Previously, Tyler was a Managing Director and Senior Research Analyst at Stephens Inc. where he covered Southeast and West Coast financial institutions for nearly a decade with a focus on regional banks. Prior to joining Stephens, he began his career at Regions Financial Corporation in commercial banking. Tyler graduated from Harding University with a B.B.A. in management and received a masters in finance from the University of Memphis. He is a Chartered Financial Analyst (CFA) charterholder.

Michael Jerkins
Michael Jerkins, MD, M.Ed
President and Co-Founder

Michael is the President and Co-founder of Panacea Financial and is also a practicing physician in Cincinnati, OH. After earning his BBA in Economics he deferred his medical school acceptance to teach middle school science in the Phoenix, AZ area while also earning his Masters in Education from Arizona State University. He then completed medical school at the University of Tennessee Health Science Center before finishing his residency at University of Cincinnati Medical Center and Cincinnati Children’s Hospital. With a faculty position and board certifications in both Internal Medicine and Pediatrics, Michael is able to treat patients of all ages and teach medical trainees in both inpatient and outpatient settings

Anna McGrath
Anna McGrath
Chief Operating Officer and Co-Founder

Anna McGrath is the Chief Operating Officer and Co-Founder at Panacea Financial. Anna began her career in Institutional Equity Sales at Stephens Inc. in 2005 and after more than a decade at Stephens Inc., she left to launch a real estate investment business. She is bringing her expertise in both sales and operations, along with business development to Panacea Financial. Anna graduated in 2005 from the University of Mississippi with a BSBA in Managerial Finance and Investments.

Ned Palmer
Ned Palmer, MD, MPH
Chief Strategy Officer and Co-Founder

Ned is the Chief Strategy Officer and Co-Founder of Panacea Financial, and a practicing physician in Boston. He attended Ross University School of Medicine in Dominica, and then completed residency at the University of Cincinnati Medical Center and Cincinnati Children’s Hospital. After residency, he completed a fellowship in global health, along with a Masters in Public Health at Harvard University. He is now working as a hospitalist at Boston Children’s Hospital and is on faculty at Harvard Medical School, both based in Boston.

Dr. Jeral Self
Jeral Self, PhD, MPH
Head of Community Engagement

Jeral Self is the Head of Community Engagement at Panacea Financial where she executes the organization’s mission and goal of providing ongoing support, both financially and through mentorship, to under-represented minorities within the physician workforce. Jeral has over nine years of experience in health policy research, with much of it focused on building and using integrated data from multiple public service systems for the purposes of evaluation. Recently Dr. Self has been involved in a number of evaluation projects for the State of Arkansas and their healthcare financing reform initiative. The results of this work have informed the development of Arkansas’ episodes of care payment models, as well as behavioral health and long-term service health home models. Most importantly, her work on the Arkansas Section 1115 demonstration waiver evaluation has been used in steering the national conversation about the future of state-led Medicaid expansion effort. Dr. Self has a PhD from Tulane School of Public Health and Tropical Medicine and a Masters in Public Health from Boston University School of Public Health.

Advisory Board

Dr. Vikram Saini
Dr. Vikram Saini is a vitreoretinal surgeon in private practice. He graduated with honors from Vanderbilt University before attending the University of Tennessee College of Medicine in Memphis. Dr. Saini performed his ophthalmology residency at the Louisiana State University/Ochsner Clinic Foundation combined program in New Orleans, LA before completing a vitreoretinal surgery fellowship at Retina Specialists of Alabama/University of Alabama at Birmingham. After completing his fellowship in 2016, Dr. Saini joined Retina Specialists of North Alabama.
Dr. Bryauna Lewis
Dr. Bryauna Lewis is a General Pediatrician at a Federally Qualified Health Center in Birmingham, AL. She graduated from Vanderbilt University before receiving her medical degree from the University of Tennessee Health Science Center College of Medicine in Memphis. Dr. Lewis completed her Pediatrics residency in addition to serving as Chief Resident at the University of Alabama at Birmingham. She is a native of West Memphis, AR and currently resides in Birmingham, AL where she is a pediatrician at Christ Health Center.
Dr. Patrick Owens
Dr. Patrick Owens is an Otolaryngologist in private practice in Birmingham, AL. He was born and raised in Helena, Alabama and received his undergraduate degree from Harding University. Dr. Owens went on to complete his medical degree from the University of Arkansas for Medical Sciences and later continued his training as a resident in Otolaryngology-Head and Neck Surgery at the University of Cincinnati Medical Center and Cincinnati Children’s Hospital. He is currently a Partner at ENT Associates of Alabama, P.C. based out of Birmingham, AL.
Dr. Alex Habashy
Dr. Alex Habashy is an Orthopaedic Surgeon currently in private practice. He graduated with honors from Saint Louis University with a degree in Biology and a Certificate in Business Administration. Prior to attending medical school at the University of Tennessee, he was a research assistant at St. Jude Children’s Research Hospital. Dr. Habashy and his wife (current Gyn-Oncology fellow) both matched to New Orleans where they attended residency at The Ochsner Clinic. After finishing residency in 2019, he joined the Orthopaedic and Sports Medicine Center in Norman, Oklahoma where he practices general orthopedic surgery with a focus on joint replacement.
Dr. Josh Daily

Dr. Josh Daily is a pediatric cardiologist at Arkansas Children’s Hospital. An Arkansas native, Dr. Daily received his undergraduate degree in physics from the University of Arkansas in Fayetteville, and then attended medical school at the University of Arkansas for Medical Sciences where he graduated with a perfect 4.0 GPA. After medical school, he completed pediatric residency, pediatric cardiology fellowship, and a Master’s in Medical Education at Cincinnati Children’s Hospital. Dr. Daily then returned to Arkansas where he serves as the pediatric cardiology fellowship program director at Arkansas Children’s Hospital. In addition to training cardiology fellows and practicing clinically, Dr. Daily spends much of his time teaching physicians and physicians-in-training about personal finance. He has written multiple academic articles 1234 and given lectures both locally and nationally on financial topics for physicians.

Josh Kozberg
Josh Kozberg is an Investment Analyst at Citadel Global Equities, where he covers US based financial institutions. Prior to joining Citadel, he was an Investment Analyst at Millennium Management, a New York based Investment Advisor. Before Millennium, Josh spent time at Capital Group as a Research Associate, covering Healthcare Technology, Health Insurance, and US Depositories. Josh graduated from the University of Kansas, where he earned a B.S. in Business Administration, with a finance concentration.
Conor McDonnell is a Financial Service Analyst at Azora Capital and has been following the financial sector for the past 15 years. Prior to joining Azora, Conor was an Analyst at Surveyor Capital, a subsidiary of Citadel, analyzing the Financial sector from 2014 to 2016. From 2007 to 2014, Conor was a Vice President at Patriot Financial Partners, a private equity firm focused on investing in community banks. Conor’s investment focus is banks, real estate finance and financial technology. Conor graduated cum laude from Villanova University, where he earned a B.S. in Economics and a B.S. in Business Administration, with a concentration in Finance.

Partners

Sonabank

A Division of SonaBank, all Panacea deposits are FDIC insured to at least $250,000 per account. Our loans are offered in all 50 states as well as Washington, D.C. and Puerto Rico. Our close relationship with SonaBank allows us to deliver loans to qualifying applicants within 24 hours.

Our Commitment

You deserve to know your money is safe. That’s why our priority is to continually protect your privacy.
We will not compromise or sell your personal information or data.

Here’s to better financial solutions for MDs & DOs