Community Engagement

Doing our part to make medicine better and improve care for patients.

resident checking his phone

Supporting & Improving
Our Community

We created Panacea Financial to provide a better financial resource for the medical community, and we always held a broader vision that would extend well beyond banking and lending. We are driven to continually make medicine better, and one significant way we aim to do that is by investing in our doctors-in-training and expanding the diversity in our profession.

The makeup of the physician workforce does not reflect the general population and it’s getting worse.

Minorities are significantly underrepresented in medicine, and this problem is getting worse. For example, 14% of Americans are black yet they only represent 4% of all physicians1. Concerningly, from 1997 to 2017, the percent of students entering medical school from underrepresented minorities fell 16%. By not having a more diverse physician workforce that better reflects the general population, the quality of care to patients of color and low-income individuals is limited2
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Latino physicians are more likely to care for populations that are medically underserved.6
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Increasing the amount of black doctors can reduce black patient’s cardiovascular mortality3
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Black patients are more likely to agree to certain preventative care measures if they discussed them with a black doctor 3
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Underrepresented minority physicians are more likely to practice in underserved areas regardless of specialty 4
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Latino Physicians are more likely to care for populations that are medically underserved.6
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Increasing the amount of black doctors can reduce black patient’s cardiovascular mortality3
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Black patients are more likely to agree to certain preventative care measures if they discussed them with a black doctor (3)
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Underrepresented minority physicians are more likely to practice in underserved areas regardless of specialty (4)
Panacea Financial works to strengthen the under-represented minority pipeline of physicians with a consistent commitment of financial and administrative support to physician-trainees, aspiring physicians, and not-for-profits with a shared mission to improve the number of underrepresented minorities in the medical field.
medical students with attending

What Do We Provide?

How are we funded?

As a company we are committed to this cause and have established a sustainable funding source by devoting a portion of our income as well as soliciting support from our community through:
crowdsourced graphic

Scholarships & grants coming in 2021

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Contact us with any questions you have.

Here’s to better financial solutions for MDs & DOs