New "Prescription Wealth" Initiative Launches to Address Critical Financial Wellness Gap Among Physicians June 25, 2025

Written by MSDC Staff

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New "Prescription Wealth" Initiative Launches to Address Critical Financial Wellness Gap Among Physicians

Comprehensive program offers targeted financial planning resources for medical professionals at every career stage

WASHINGTON, D.C. – June 24, 2025 – The Healthy Physician Foundation, in partnership with the Medical Society of DC and leading financial and medical organizations, today announced the launch of Prescription Wealth, a comprehensive financial wellness initiative designed specifically for physicians, medical students, and their families.

The program launched with an inaugural dinner at La Ferme restaurant, supported by Journey Wealth Strategies, where participants engaged in discussions about effective strategies for physicians to meet their unique financial goals.

Prescription Wealth addresses the growing financial challenges facing medical professionals today. Recent data reveals concerning trends in physician financial wellness:

  • Physicians are increasingly seeing a larger portion of their compensation from salary versus other types of compensation, while the number of physicians receiving compensation from multiple sources has decreased (AMA Benchmark Survey)
  • While overall physician compensation has risen over the past six years, when adjusted for inflation, physician salaries have remained stagnant on average (Doximity)
  • Nine in ten young physicians feel somewhat or completely unprepared if a disability prevents them from practicing (AMA)
  • 23% of the medical school class of 2024 faced educational debt of $300,000 or more (AAMC)

"Physicians face unique financial challenges throughout their careers, from managing substantial educational debt to planning for retirement and legacy building," said Healthy Physician Foundation Chair Dr. Matthew Lecuyer. "Prescription Wealth provides targeted resources and expert guidance to help medical professionals navigate these complexities at every stage of their life journey."

The initiative offers a multi-faceted approach to financial wellness, including:

Upcoming Educational Programs:

Ongoing Resources:

The program represents a collaborative effort between multiple organizations committed to physician wellness. Key partners include Asset Strategy Consultants, Journey Wealth Strategies, Resolve, and Curi RMB.

The Healthy Physician Foundation focuses on comprehensive physician wellbeing, with financial wellness representing a critical component of overall professional health and sustainability.

About the Healthy Physician Foundation The Healthy Physician Foundation is dedicated to supporting physician wellbeing across all dimensions of professional and personal health, with particular emphasis on financial wellness as a cornerstone of sustainable medical practice.

About the Medical Society of DC With more than 3,000 members, the Medical Society of the District of Columbia (MSDC) is the largest medical organization representing physicians in the District of Columbia. The Medical Society was founded in 1817, and it is dedicated to ensuring the well-being of physicians and their patients in metropolitan Washington. MSDC is continually seeking to guarantee access to appropriate medical care for all District residents, regardless of location or income.

For more information about Prescription Wealth, visit healthyphysician.org.

Media Contact: Robert Hay Jr., Executive Vice President, Healthy Physician Foundation Phone: 202-466-1800 Email: foundation@msdc.org