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personal loans for doctors

Personal Loans for Doctors: What You Need to Know

Key takeaways:  Personal loans offer doctors money when they need it most for any need — credit card consolidation, application fees, relocation and more. Panacea Financial’s PRN personal loan was created specifically for doctors and doctors-in-training with a number of unique benefits. With examination fees, residency relocation costs and credit card debt, becoming a doctor …

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average medical school debt

What is the Average Medical School Debt?

What is the Average Medical School Debt? Key takeaways: The average medical student graduates with $241,600 in total student loan debt. Between 76% and 89% of medical students graduate with debt. Private colleges are generally more expensive than public institutions. It is no secret that medical school is expensive. Most physicians enter the workforce burdened …

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RaDonda Vaught: This is a picture of a gavel.

A Fatal Medical Error: How the RaDonda Vaught Case Affects the Future of Healthcare

A Fatal Medical Error: How the RaDonda Vaught Case Affects the Future of Healthcare To err is human, and Nurse RaDonda Vaught erred. As a result, she has been found guilty of homicide and is now sentenced to three years of supervised probation. A medical error led to the tragic and untimely death of her …

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physician shortage

Is There a Looming Physician Shortage?

Is There a Looming Physician Shortage? Key takeaways: Demand for physician services is expected to grow due to a growing and aging population. Supply of physicians is expected to decrease because of an aging workforce and insufficient new physicians. There will likely be a physician shortage, but the magnitude of it will vary based on …

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student loans

How Has the Biden Presidency Affected My Student Loans?

Editor’s Note: This article was originally published in October 2020. We updated and revised the content on May 6, 2022 to provide the most current and accurate information. Student debt has doubled over the last ten years, ballooning up to $1.54 trillion, and becoming the second largest consumer debt type, placing it higher than both …

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practice buy-in

5 Things Physicians Need To Know About Buying Into a Medical Practice or Surgery Center

5 Things Physicians Need To Know About Buying Into a Medical Practice or Surgery Center Key takeaways:  Becoming a partner is a great way to become a co-owner in an existing, thriving practice. Before signing the agreement, review the buy-in offer, know the practice value, learn the income distribution structure, understand exit plan options, and …

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buying a dental practice

What You Need to Know About Buying a Dental Practice

What You Need to Know About Buying a Dental Practice Key takeaways: Buying a dental practice allows the owner to get started right away with the security of historical finances. New owners may face difficulty in adjusting policies and dynamics in an existing practice. New owners may need to update dated offices and equipment. After …

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starting a dental practice

What You Need to Know About Starting a Dental Practice From Scratch

What You Need to Know About Starting a Dental Practice  Key takeaways:  Starting a dental practice from scratch allows full decision making in all aspects of the business. Dentists starting a new practice may face a high risk of failure, unplanned expenses and increased competition. Having professional support and a clear plan can help your …

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This is a picture of a dentist examining a patient's teeth.

Pros and Cons: Starting a Dental Practice vs. Buying an Existing Practice

Starting a Dental Practice vs. Buying an Existing Practice Key takeaways: Buying an existing dental practice: Advantages include being able to work immediately, avoid patient acquisition, have knowledge of historical financials, and receive mentorship. Disadvantages are a potential need for updates, inherited practice culture and reputation, and previous management adjustments, Starting a dental practice: Advantages …

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medical residency costs

How to Cover Expenses During Medical Residency

How to Cover Expenses During Medical Residency Key takeaways: Credit cards, borrowing from friends and family, moonlighting and personal loans are options to mitigate expenses during residency. All have their benefits and drawbacks. Personal loans from doctor-specific lenders can be a better alternative to expensive credit cards. Transitioning from medical school to residency can be …

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