Mark Johnson, StudentLoansRx

Dental Business Radio

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Mark Johnson, StudentLoansRx (Dental Business Radio, Episode 27)

How do dental school graduates manage their student loan debt while building a practice? It’s a major problem, and it’s widespread. As investment professional Mark Johnson talked with dental school students and graduates, he found there was no organized support for their unique financial planning needs. He responded by starting StudentLoansRX. He and host Patrick O’Rourke discussed the challenges recent graduates face with student loan debt, the current state of Covid forbearance, his thoughts on good budgeting, and much more. Dental Business Radio is underwritten and presented by Practice Quotient: PPO Negotiations & Analysis and produced by the North Fulton studio of Business RadioX®.

StudentLoansRx

StudentLoansRx.com was created in response to the needs of the emerging dental and medical professionals they serve. Their experienced, professional team educates and assists graduate level healthcare professionals in navigating the complexities around student loan repayment planning within the context of an overall financial plan. They do not believe it is wise to view student loan repayment planning as a transaction, one-time event or in isolation from the other important financial planning issues that will need to be addressed as one transitions from school into their career.

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Mark Johnson, Owner, StudentLoansRx

Upon realizing that there were over 7,500 dental school graduates and residents entering the workforce each year, with anywhere from $300k-$700k or more in student loan debt, Mark knew he had to do something to help them.

Since March 13, 2020, most federal student loan borrowers have had their payments and interest accrual in Covid forbearance. But that ends on April 30, 2022! As such the past two years of dental school and residency graduates, (nearly 15,000 graduates) will have to develop a repayment plan between now and May 1, 2022.

Mark’s in-depth knowledge of the various federal and private student loan repayment programs, along with his three decades in the investment and financial planning industry, allows him to create custom plans for his dental clients based on their career path (associate, public health, practice ownership and residency) and other financial goals, including insurance and investment planning.

In addition to serving “the next generation of healthcare professionals”, Mark and his associates at RBF Wealth Advisors provide investment advisory and financial planning services to healthcare professionals established in their careers, families, corporate executives, business owners, and other professionals who are serious about personal finance but recognize their busy schedules require that they work with a “trusted advisor” to achieve optimal outcomes. They provide experienced, independent, objective and time-tested advice.

About Dental Business Radio

Dental Business Radio covers the business side of dentistry. Host Patrick O’Rourke and his guests cover industry trends, insights, success stories, and more in this wide-ranging show. The show’s guests include successful doctors across the spectrum of dental practice providers, as well as trusted advisors and noted industry participants. Dental Business Radio is underwritten and presented by Practice Quotient and produced by the North Fulton studio of Business RadioX®. The show can be found on all the major podcast apps and a complete show archive is here.

Practice Quotient

Dental Business Radio is sponsored by Practice Quotient. Practice Quotient, Inc. serves as a bridge between the payor and provider communities. Their clients include general dentist and dental specialty practices across the nation of all sizes, from completely fee-for-service-only to active network participation with every dental plan possible. They work with independent practices, emerging multi-practice entities, and various large ownership entities in the dental space. Their PPO negotiations and analysis projects evaluate the merits of the various in-network participation contract options specific to your Practice’s patient acquisition strategy. There is no one-size-fits-all solution.