Medical Economics January 2, 2026
Richard Payerchin Fact checked by: Todd Shryock

The president and co-founder of Panacea Financial describes his financial journey and creation of a bank to serve doctors, other clinicians and medical students.

There may be a small swing of the market pendulum for physicians who want to take control of their careers through independent medical practice. But there’s a knowledge gap between desiring independence and operating independently, and that can make it difficult to start an independent practice. Michael Jerkins, MD, MEd, president and co-founder of Panacea Financial, describes the current market vibe.

Medical Economics: What are physicians’ current feelings about independent medical practice?

Michael Jerkins, MD, MEd: I think that we’re starting to see a little bit, even if it’s just a slight pendulum swing,...

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