Financial Resources for Residents and Fellows
Your responsibilities grow as you advance through your physician training, which means you may need support. Physician’s Resource Services can help.
Please click below to learn more about special disability insurance programs at your GME Program.
As a resident or fellow, you’re in the middle of preparing for a successful medical career. Completing your training is your top priority, but there are other critical matters you must attend to if you want to enjoy a long-lasting, productive life. Financial consulting from Physician’s Resource Services makes the transition from education to practice easier.
Our financial strategies help you fully understand your situation. We work with you to identify ways to expand your wealth and protect your earning potential as you gain experience in your specialization. With a sound financial foundation and a developed medical skillset, you’re ready to start your professional journey with confidence.
The PRS team tailors our services to match your requirements. Our resources include:
Once you’ve become a specialist in your field, you may be eager to start a practice. While running a medical practice is a fulfilling experience, building one from the ground up is a time-consuming and complicated process. PRS understands the challenges you’ll face and supports you with the tools you need to achieve steady growth.
Our business formation advisors assist with defining start-up capital requirements, creating a business plan to outline your objectives, and addressing first-time tax preparation. We guide you through the formation process, which includes selecting a legal entity, acquiring licenses, and completing business formation paperwork.
There’s nothing like having an experienced team of financial advisors on your side. Since 2007, Physician’s Resource Services has helped thousands of doctors across 49 states improve their financial standing and clarify their short- and long-term goals.
Many young physicians leave their fellowship or residency with plenty of debt. PRS is ready to help you understand your loan situation and address repayment strategically. We work with you to learn your situation and manage unsecured debt and other issues, increasing your financial stability and bringing you closer to debt relief.
The PRS team customizes debt management programs to match your unique situation and align with your goals. We balance your cash flow, provide a strategic view of your circumstances to establish payment policies, and locate sources for maintaining positive cash flow.
Once you enter practice, your most critical asset becomes your ability to generate income. Without steady work, it can feel impossible to keep up with the demands of the medical profession, from student loan debt to tax planning. PRS protects you by showing you options for disability insurance, which is unique coverage that ensures you can make money even when you’re dealing with a long-term illness or disability.
We’re experienced in the insurance industry and use our strong relationships with carriers to provide favorable prices and benefits. Our team offers discounted unisex premiums in several institutions and up to $6000 per month of supplemental disability insurance if you’re a resident or fellow.