29 January 2024

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ADA Chooses Panacea Financial as Exclusive Practice Finance Provider

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Panacea Financial and ADA Member Advantage, a wholly-owned subsidiary of the American Dental Association, announced today that Panacea has been selected as the newly endorsed and exclusively recommended practice finance provider for the association’s over 159,000 members across the United States.

Panacea Financial’s expertise in practice finance, combined with the ADA’s strong network and resources, creates a valuable synergy that will benefit the dental community. The endorsement will provide ADA Members with access to specialized financial products designed just for dentists.

“We are proud to announce our relationship with the American Dental Association,” said Tyler Stafford, CFA, president, and co-founder of Panacea Financial. “Our organizations’ mutual commitment to dentists is at the core of this collaboration. This partnership further signifies Panacea’s unwavering dedication to providing specialized financial solutions, empowering dentists to elevate their practices and deliver exceptional patient care.”

“We were impressed by the expertise and resources that will be available to ADA Members. Their dedicated focus on dentists, their experienced practice financing team, and their solutions to finance not only practice acquisition and expansion, but partner buy-ins and group expansions really show an understanding of the evolving state of dentistry in this country,” stated Bill Bulman, chair of the ADA Member Advantage board of directors.

With the help of Panacea, ADA member dentists can start, build, and grow their practices through specialized credit structures, industry-leading decisioning times, concierge-level service, and experienced advice, while enjoying member-exclusive pricing.

“Panacea Financial exists to help doctors, and having helped thousands of doctors and their practices across the country, we have seen the positive impact we can have for dentists as they strive to deliver the best care to their patients,” said Michael Jerkins, MD, M.Ed, chief strategy officer and co-founder of Panacea Financial. “Panacea continues to provide innovative ways to support dental practice owners through an evolving dental industry, and we are excited for the opportunity to meet the needs of even more dentists through this endorsement.”

Source: https://panaceafinancial.com/ada