Building a bank for doctors: A mission to improve financial lives of physicians

No one likes to be told no, but financial institutions may get applications from applicants who are not good candidates for loans. That still can be an opportunity to help physicians improve their credit ratings and gain the knowledge needed to improve their financial situations. Michael Jerkins, MD, MEd, president and co-founder of Panacea Financial, explains what happens when physicians aren’t quite ready to work with the bank.

Medical Economics: What do you do when you have to tell an applicant, “no”?

Michael Jerkins, MD, MEd: It depends on the thing they’re applying for,...