
Meet Prescription Wealth
Specialized Care for Your Wealth
Physicians are unique in their financial needs. Whether you are beginning your medical journey in medical school, or are looking at full-time retirement and legacy building, or in-between, your financial needs are unique from your peers.
The Healthy Physician Foundation focuses on physician wellbeing, especially in financial wellness. The stats say it all:
- Physicians are increasingly seeing a larger part of their compensation from salary versus other types of compensation, while the number of physicians seeing compensation coming from one source decreased (AMA Benchmark Survey).
- Overall physician compensation has risen over the past six years, but when factoring in inflation, physician salaries have actually been stagnant on average (Doximity).
- Nine in ten young physicians felt somewhat or completely unprepared if a disability prevented them from practicing. (AMA)
- 23% of the medical school class of 2024 faced educational debt of $300,000 or more. (AAMC)
The Healthy Physician Foundation has partnered with multiple financial options to support your needs throughout your career. The best thing is these options can support you even if you leave the DC area (although we prefer you stay!). Learn more below about some of the ways Prescription Wealth keeps you financially healthy.
MSDC PEP 401k or Office/Individual Retirement Planning
Contact Keaton Macut (717) 602-1100 x405 or macut@asrpc.comContract Negotiation and Salary Comparisons 
Contact Melissa Knipp at (573) 312-4467 or melissa@resolve.com
Financial Wellness Events
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2025 MSDC Annual Meeting
November 3, 2025 6:00 PM to 9:00 PM
Riggs HotelJoin MSDC for an annual tradition - a meeting of members to share the year that's passed and look ahead to a bright future for medicine. -
From Burnout to Balance: A Financial Roadmap for the Second Half of Your Career
October 15, 2025 6:00 PM to 8:00 PM
Curi RMBJoin MSDC and Curi RMB as we discuss strategies for mid-to-late-career physicians to financially plan for their future. -
Welcome Back to DC: Fall Medical Student and Early Career Physician Reception
August 26, 2025 6:30 PM to 8:30 PM
Mr. Smith's of GeorgetownJoin our annual event to help get ready for a new academic year. -
Live Webinar: Exiting the White Coat – Designing Your Next Chapter
July 8, 2025 7:30 PM to 8:30 PM
Webinar sponsored by Prescription Wealth partner Journey Wealth Strategies
Envision Financial Peace of Mind For You and Your Team
What if you had a financial option that allowed you to plan for your own goals while giving your staff a new incentive to stay?
The MSDC 401k Pooled Employer Plan is a new way to give value to your office and support your financial goals. The plan is designed by financial professionals and guided by the DC physician community.
Thank you to our inaugural donors of Prescription Wealth
These individuals have contributed to this campaign to get it "up and running" and support financial wellness for the healthcare community.
Dr. Nada Mallick Ashraf
Dr. Neal Barnard
Dr. Klint Peebles
Dr. Nicole Singh
News
MSDC Launches New Pooled Employer Plan
This fall, MSDC is proud to share that it will be sponsoring a new pooled employer plan for practices and businesses. This exciting new venture will provide MSDC members and businesses that support them with both personal and practice financial wellness options.
The MSDC Pooled Employer Plan is a two-part financial wellness offering.
The first part is a 401k plan for your practice. Practices and medical offices participate in a retirement plan that reduces cost and increases options as if you were in a large employer plan.
The second part is financial literacy and training offered to your staff. Physicians have access to quarterly finance topic trainings and the ability to speak with a retirement and planning expert.
The MSDC PEP is sponsored by the Medical Society of DC and organized by Asset Strategy Consultants, MSDC's investment advisors for over twenty years.
What is a pooled employer plan?
A Pooled Employer Plan (PEP) is a retirement savings plan that allows small businesses to band together to offer a retirement plan to their employees. The idea behind a PEP is that by pooling their resources, small businesses can offer a retirement plan that is less expensive and easier to administer than a traditional 401(k) plan. A PEP is administered by a third-party provider, who handles all the administrative tasks and investments for the plan. This allows small businesses to focus on their core business activities while still offering a valuable benefit to their employees. Additionally, employees can take their retirement savings with them if they leave their job, which makes a PEP a portable option for retirement savings.
When will the MSDC Pooled Employer Plan launch?
The program will open this fall but we are beginning to enroll practices and programs now. Contact Robert Hay to learn more about either the practice or physician financial planning options.