DiscoverInsideTheBoards for the USMLE, COMLEX & Medical SchoolHealth Systems Science | Paying for Healthcare
Health Systems Science | Paying for Healthcare

Health Systems Science | Paying for Healthcare

Update: 2021-03-10
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Today’s Guests

Ned Palmer, MD, MPH, Instructor of Pediatrics, Part Time, Faculty at the Center for Bioethics, Harvard Medical School, Global Health Faculty at Boston Children’s Hospital. Dr. Palmer is doubly board-certified in Internal Medicine and Pediatrics, and received his Master’s in Public Health with a focus on Global Health and Humanitarian Response from the Harvard T.H. Chan School for Public Health. He continues to practice clinically as a hospitalist at Boston Children’s Hospital and Brigham and Women’s Hospital. He is also a co-founder and the Chief Strategy Officer at Panacea Financial, and a friend of InsideTheBoards!

Dr. Palmer is involved in medical education, teaching ethics to first and fourth year medical students, and also financial literacy and the business of medicine to all years.

Richard Lu, MBA is a 3rd year medical student at Harvard Medical School. He graduated from Princeton with a degree in Chemistry and Health Policy, before spending two years at Oxford as a Rhodes Scholar studying Global Health and pursuing his MBA. In between, he worked with McKinsey & Co.’s Health Systems Sector on payment innovation initiatives. He is a founding member of Off Their Plate, an organization created during the COVID-19 pandemic that empowers restaurants to feed healthcare workers and local communities in crisis.

Sections from this episode include


  • A brief history of the current health insurance model

  • Breaking down how insurance works

  • How money moves within the healthcare system

With support from Elsevier, and produced in collaboration with the American Medical Association, the HSS series seeks to broaden students’ understanding of the nature of medicine, medical education, and what separates them from other human endeavors. Medicine is not a “pure science,” a kind of “applied biology.” Rather, it is fundamentally an art that uses science. As a discipline, Health Systems Science considers those ideas and concepts which are integral to medicine as a profession but don’t fall under the domain of the clinical or basic sciences.

The National Board of Medical Examiners includes HSS topics in its USMLE Content Outline and even offers a dedicated Health Systems Science subject examination. Each episode of this series will include on-the-go learning with practice exam questions explained by expert guests. 

This series is sponsored by Panacea Financial: Banking Built for Doctors, by Doctors. ITB and Panacea share a common goal which is to make med school better. Panacea Financial is designed to handle the unique situation of medical students. We hope you will check them out to see how they can make your life easier.

Learn more about the series and view the content outline on the ITB website. https://insidetheboards.com/Health-Systems-Science/. You can also listen to episodes in the ITB app organized into an HSS Playlist.

Learn more about your ad choices. Visit megaphone.fm/adchoices

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Health Systems Science | Paying for Healthcare

Health Systems Science | Paying for Healthcare

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