Unlike summative assessments, which provide results only after completion, formative assessments offer immediate feedback. This real-time evaluation allows students to identify knowledge gaps and correct misunderstandings before taking the NBME exams. Richard Katz MD MHA emphasizes that well-structured feedback is essential in medical education, as it helps students refine their study strategies and focus on areas requiring improvement. Immediate corrective action enhances learning efficiency and prevents the reinforcement of incorrect information.