The Panacea Financial Foundation Selects Five Outstanding Scholarship Winners for 2023

Panacea Financial demonstrates long-term commitment to expanding the ethnic and racial diversity of the medical field

LITTLE ROCK, Ark. - ArkaSun -- Panacea Financial, a division of Primis that provides financial services for doctors through all stages of their education, training and practice, is thrilled to announce that the Panacea Financial Foundation scholarship winners for 2023 have been selected.

The Panacea Financial Foundation is a not-for-profit affiliated with Panacea Financial that aims to expand the ethnic and racial diversity of the medical field. Ethnic and racial minorities are significantly underrepresented in medicine, and this problem is getting worse. For example, 14% of Americans are Black yet they only represent 4% of all physicians1. By not having a more ethnically and racially diverse physician workforce that better reflects the general population, the quality of care to patients of color and low-income individuals is limited2.

The Panacea Financial Foundation received scholarship submissions from across the country that were evaluated by the foundation selection committee composed of the board of directors and the executive director. Selection is made based on submissions that demonstrate a drive to make medicine better and improve communities, and scholarship award winners each receive $5,000.

Jeral Self, PhD, MPH, Executive Director of the Panacea Financial Foundation, said, "We are so excited to announce the selection of the 2023 scholarship award winners. Each recipient has demonstrated outstanding commitment to their medical career and the community at large."

This year's winners are:
  • Gaby Galan, The Alabama College of Osteopathic Medicine
  • Chinenye Ogbonnah, The University of Texas Austin Dell Medical School
  • Eric Sosa, Albert Einstein College of Medicine
  • Daem Roxane Celestin, UCLA David Geffen School of Medicine
  • Ahmad Elhaija, UCLA David Geffen School of Medicine and Founder and CEO at International Collegiate Health Initiative

Panacea is a financial services company created for doctors, by doctors on the premise that traditional banks simply do not understand the financial needs of medical, dental and veterinary professionals. Panacea provides tailored product offerings and service delivery designed specifically for doctors throughout their career: from school, through residency and fellowship, and into practice.

For more information about the Panacea Financial Foundation grants and scholarships, visit:

1. Talamantes E, Henderson MC, Fancher TL, Mullan F. Closing the gaps – making medical school admissions more equitable. N Engl J Med. 2019; 380:803-805.

2. Jolly P. Diversity of US medical students by parental income. AAMC Anal in Brief. 2008 January; 8(1).


About Panacea Financial
Panacea Financial, a division of Primis, is a nationwide financial services company offering products in all 50 states as well as Washington, D.C. and Puerto Rico. Panacea offers a full suite of banking solutions specifically built for doctors, by doctors. For more information, visit

Source: Panacea Financial

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