AMS Announces Strategic Partnership with Panacea Financial

The Arkansas Medical Society is excited to announce a new strategic partnership with Panacea Financial to provide preferred physician-centric banking services to AMS members. A division of Primis, Panacea is a nationwide financial services company headquartered in Little Rock that was created for doctors, by doctors to provide tailored product offerings and service delivery designed specifically for physicians throughout their career: from school, through training, and into practice. Panacea’s products cover the full suite of banking needs for this unique population, including PRN personal loans, student loan refinancing, and practice loans.

“The costs to become a physician are unimaginable to most of us,” according to David Wroten, Executive Vice President of the Arkansas Medical Society.  “Medical school graduates face an average debt load of over $200,000 and that’s before trying to obtain a home mortgage or finance a practice start-up. Panacea has created a banking solution that understands the unique challenges that physicians face and we are excited to be able to offer this to our AMS members.”

Tyler Stafford, CFA, CEO and co-founder of Panacea said, “While we serve physicians nationwide, we’re thrilled to partner with such a strong, physician-led organization in our own backyard of Arkansas and offer its members highly specialized and tailored banking solutions designed just for physicians and trainees.”  

Panacea President and co-founder, Michael Jerkins, MD, added, “I personally understand how important it is for our community to have strong advocates like the Arkansas Medical Society. That is why we are so excited to be able to support AMS and their members across the state with solutions that ease some of the financial pain points we experience during our careers as physicians.”

In the weeks and months ahead, you’ll hear more from Panacea about what they offer and how you can take advantage of this awesome member benefit. For more information on Panacea, visit