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Panacea Financial Announces Partnership with the Ohio State Medical Association

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Panacea Financial to provide OSMA members with financial services specifically tailored to physicians’ needs.

LITTLE ROCK, Arkansas — Panacea Financial and Ohio State Medical Association (OSMA) today announced a partnership designed to bring tailored financial tools and resources to physicians across Ohio.

Through this collaboration, OSMA members will gain access to Panacea’s physician-specific suite of services along with special member-only pricing on:

  • PRN Personal Loans – Reduced-rate loans for physicians facing common professional and personal expenses like relocation, licensing, or board exam fees
  • Practice Loans – Discounted rates for those looking to launch, expand, or invest in their medical practice
  • Contract Review Services – Exclusive pricing on contract review and negotiation through Panacea Financial’s trusted legal partner, Panacea Legal

“We’re excited to work alongside OSMA to make financial guidance and access more personalized, more affordable, and more aligned with the needs of Ohio’s doctors,” said Dr. Michael Jerkins, President and Co-Founder of Panacea Financial. “This partnership strengthens our mission to simplify financial decisions for physicians so they can focus on what matters most: delivering patient care.”

OSMA, with its nearly 200-year commitment to advocacy, education, and professional support, serves as a trusted ally for physicians across the state. By teaming up with Panacea Financial, OSMA continues to expand its offerings with high-impact services that make a difference in the day-to-day lives of doctors.

“At OSMA, we are committed to serving the physicians of Ohio through advocacy, removing administrative burdens, and supporting them personally and professionally so they can focus on what matters most – caring for patients,” said Kyle Skinner, Membership and Corporate Sale Manager of Ohio State Medical Association. “Partnering with Panacea Financial supports this mission, and we appreciate the many ways Panacea brings tailored financial services to physicians.”

To learn more about OSMA-exclusive discounts and Panacea offerings, visit https://panaceafinancial.com/our-partners/osma-members/.

About Panacea Financial Holdings

Panacea Financial Holdings, Inc., is a financial technology company dedicated to providing world class financial services for physicians, dentists and veterinarians through all stages of their training and practice. For more information, visit www.panaceafinancial.com.

Follow Panacea Financial on Instagram, Facebook, Twitter and LinkedIn.

About Panacea Legal

Panacea Legal is a doctor-focused legal service company powered by trusted healthcare attorneys. Created to help doctors protect and grow their careers, Panacea Legal provides expert contract review, negotiation support, and compensation insights tailored to the unique needs of physicians, dentists, and veterinarians. With a deep understanding of the healthcare industry and the challenges doctors face, Panacea Legal delivers accessible, transparent, and doctor-first guidance.

To learn more, visit panacea.legal.

About the Ohio State Medical Association

The Ohio State Medical Association represents thousands of Ohio’s physicians, advocating for a stronger medical profession and supporting doctors with the resources and tools they need to thrive in a changing healthcare environment. OSMA is dedicated to empowering physicians, residents, and medical students to advocate on behalf of their patients, communities, and profession.

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833-472-6223

Here’s to better financial solutions for physicians, dentists and veterinarians.

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Panacea Financial Holdings partners with Primis Bank, Member FDIC, to deliver banking services through its Panacea Financial Division.

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Fine Print

1. All personal loans have a $100 origination fee. To obtain a new loan with Panacea Financial, you must also have a Panacea checking account; there is no fee to open the account, a minimum deposit of $25 required, and there is no minimum balance. Other fees and charges may apply, see this link for full terms and conditions. The minimum APR is 10.638% (with all discounts) and the maximum APR is 17.850% (with no discounts). The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. We offer a 0.50% discount with auto-pay from a Panacea checking account and a 0.25% discount with auto-pay from a non-Panacea checking account. To check the rates and terms you qualify for, click “Get Started” and Panacea will conduct a soft credit pull to determine your possible rate and will not affect your credit score. Not all applicants qualify for the lowest rate or maximum loan amount; subject to credit approval. Total borrower maximum varies by stage of career and with credit score: In School maximum is between $1,000 – $10,000; In Training maximum is between $1,000 – $20,000; In Practice maximum is between $1,000 – $50,000. PRN Loans have no prepayment penalty or prepayment fee and may be repaid at any time after loan closing. The minimum repayment period is immediately after closing. The minimum and maximum term varies by employment status. In Practice and In Training PRN Personal Loans have repayment periods of 3, 5, or 7 years. In School PRN Personal Loans have repayment periods of 5 or 7 years. Example scenario of PRN In Training 5-year term loan: 14.176% fixed APR, $20,000 loan. APR includes $100 origination fee. Repayment is interest only monthly payments varying from $215.87 to $239.00 in years 1-3, fixed monthly payments of $965.22 in years 4 -5 (11 payments year 5), and one final fixed payment of $965.29. Total finance charges: $11,615.15. Panacea utilizes the Equifax credit bureau, with a FICO score minimum of 661 to qualify for a personal loan.

2. For a 5-year term, you make reduced payments in years 1, 2, and 3 of the interest accrued in the first year, added to the monthly interest. Full amortization years 4 and 5. For a 7-year term, you make reduced payments in years 1, 2, and 3 of the interest accrued in the first year, added to the monthly interest. Full amortization over years 4, 5, 6, and 7.

3. For a 3-year term, you make interest-only payments in years 1 and 2. Full amortization in year 3. For a 5-year term, you make interest-only payments in years 1, 2, and 3. Full amortization in years 4, and 5. For a 7-year term, you make interest-only payments in years 1, 2, 3, and 4. Full amortization in years 5, 6, and 7.

4. Interest-only payments during first 6 months of loan. Full amortization over remainder of loan.

5. Adverse Credit Event: two or more payments more than 30 days late, totaling more than $500, within the prior 6 months; accounts with a total outstanding balance greater than $1,000 that are 90 or more days delinquent as of the date of the credit report, or that have been placed in collection or charged off during the two years preceding the date of the credit report; default determination during the five years preceding the date of the credit report; bankruptcy discharge during the five years preceding the date of the credit report; repossession during the five years preceding the date of the credit report; foreclosure during the five years preceding the date of the credit report; charge-off/write-off of a federal student aid debt during the five years preceding the date of the credit report; wage garnishment during the five years preceding the date of the credit report; tax lien during the five years preceding the date of the credit report; consumer credit counseling within five years preceding the date of the credit report.

6. Panacea Legal Services partners with Panacea Financial Holdings to assist with administrative and consultative services. The delivery of legal services will be the exclusive responsibility of Panacea Legal Services. Panacea Legal Services does not have a relationship with Primis Bank. ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME. ANY COMPLAINTS ABOUT THIS ADVERTISEMENT OR THE REPRESENTATION OF ANY LAWYER MAY BE DIRECTED TO THE SUPREME COURT COMMITTEE ON PROFESSIONAL CONDUCT, C/O CLERK, ARKANSAS SUPREME COURT, 625 MARSHALL STREET, LITTLE ROCK, ARKANSAS 72201.

7. Banking services are provided by Panacea Financial, a division of Primis Bank, Member FDIC. Deposits at Panacea Financial, Primis Bank, and any of its divisions, brands or affiliates are aggregated to determine FDIC insurance coverage.

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