By Tyler Pathe

Panacea Financial, a digital financial services company for medical practitioners in the US, has named Ryan Gorney as its new chief technology officer (CTO).

Founded in 2020 and based in Arkansas, USA, Panacea operates as a division of Primis, one of the largest banks in Virginia state, and provides loan, banking and insurance services to healthcare professionals.

As its new CTO, Gorney will lead the company’s technology strategy, focusing on implementation, compliance and allocation. Most recently, Panacea’s pursuit of digitalisation has resulted in a partnership with banking technology provider Bankjoy, which it tapped last September for a full suite of digital banking solutions.

At the time, it said the partnership would enable it to provide its “growing client base” modern digital banking tools, including online account opening features, and eliminate the “unique financial stressors” incurred by healthcare professionals.

It also added doctors Gregory Payne, Bi Awosika and Tony Casillas to its board in November.

Gorney joins the company this month from Florida-headquartered Seacoast Bank, where he served as EVP CTO and chief innovation officer. He transitioned to the role following Seacoast Bank’s January 2023 acquisition of Coral Gables-based Professional Bank, where he had previously worked as EVP chief information officer since late 2018.

His professional experience also extends to two separate stints at EY, serving first as senior manager between 2012 and 2014 and later as executive director FSO between 2016 and 2018. In the two years in between, he also served as SVP, head of digital channel technology for Ohio-based regional bank KeyBank, where he took charge of its digital technology modernisation strategy.