Navigation Links
Digital Assent Secures $2 Million Series A Financing to Grow PatientPad Point-of-Care Network
Date:1/24/2011

ATLANTA, Jan. 24, 2011 /PRNewswire/ -- Atlanta-based Digital Assent, provider of the PatientPad self-service patient check-in and patient education solution, announces the closing of a $2 million Series A round of equity financing led by Imlay Investments, Fulcrum Equity Partners and BLH Venture Partners.

The completion of the oversubscribed round of funding allows the company, founded in 2009, to execute on its vision at an accelerated pace. That vision – to make the "patient clipboard" a thing of the past by automating the patient intake process – relies largely on this month's launch of a national campaign to sell and deploy the PatientPad to practices in all major U.S. metropolitan markets by the end of 2011.  Additionally, the company will use the funds to expand sales and marketing programs, increase its workforce and invest in ongoing research and development, all the while preparing itself for a possible second round of financing to come at the end of the year.

"The $2 Million Series A Financing is critical to quickly establishing a national presence and rapidly expanding our point-of-care network," said Andrew Ibbotson, Digital Assent's president and CEO.  "We believe the stellar reputations of our investors and their faith in Digital Assent is a testament to the work we've done so far, and to our future plans."

In the United States, patients make more than 1 billion doctors visits each year and currently less than one percent of medical practices have any kind of automated patient check-in solution.  A combination of global and domestic trends suggest that the PatientPad is a timely and relevant solution, including the growing pervasiveness of self-service technologies in other markets, the exploding popularity of touch-screen devices, and roughly $36 billion in government incentives to implement electronic health record solutions.

"This is an experienced team with the expertise and energy to fill a large and growing need," said Sig Mosely, president of Imlay Investments, who has made investments in more than 120 start-ups and private companies over the last two decades and is recognized for his leadership in building and growing the Georgia technology community. "We see great potential here."

Along with Imlay, two other angel investors, James Balloun and David McKenney, are part of Digital Assent's first round of financing.  All three angels had a previous relationship with Ibbotson, having invested in his former company, Synthis Corporation, which had a successful exit prior to the creation of Digital Assent.

In addition to the angels, three new investors joined Digital Assent's initial round of financing.  Fulcrum Equity Partners, BLH Venture Partners, and Mark Buffington of Buckhead Investment Partners all contributed to close out the $2 million Series A financing.

"We expanded our round after hearing from these investors that they were interested in joining our angels," explained Ibbotson.  "We are proud to have raised capital that comes with proven strategic and operational guidance from these new partners, and we look forward to working with them to continue to grow our business."

Frank X. Dalton, general partner at Fulcrum Equity Partners added, "Ibbotson and his team did an excellent job of proving the demand for the PatientPad in 2010.  Not only does the PatientPad streamline the check-in process, it also provides pharmaceutical and health organizations a cost effective way to deliver targeted educational messaging directly to interested patients at the point-of-care.  We are pleased to be a part of this venture."

The $2 million financing has already allowed Digital Assent to make strides towards securing customers outside of the Southeast; in early January the team signed its first customers in New York, Ohio, Texas and south Florida. If all goes as planned, the company may be seeking an additional $5 million to $10 million in funding through a Series B round of financing by year's end to grow the product footprint, add new revenue streams, and expand into other health-care disciplines.

About Digital Assent

Founded in 2009, Digital Assent is a fast-growing healthcare technology company based in Atlanta, Ga.  The company's wireless touch-screen PatientPad solution streamlines the patient check-in process and delivers targeted health information to patients while they sit in a provider's waiting or exam room.  By automating patient intake, the PatientPad enables healthcare providers to collect patient information in a standard electronic format, transition from paper to electronic health records, and improve the overall patient experience.  The PatientPad recently won the "2010 Cool Technology of the Year" award presented by TechAmerica and the Technology Association of Georgia.  For more information about Digital Assent and the company's rapidly growing PatientPad point-of-care network, please visit www.digitalassent.com or www.patient-pad.com.


'/>"/>
SOURCE Digital Assent
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. ProUroCare Medical Completes Clinical Trial at Second Study Site Using Digital Prostate Imaging Technology
2. Verathon Introduces the GlideScope(R) Cobalt Advanced Video Laryngoscope (AVL); New Digital Technology Facilitates Quick Intubations
3. Escalon(R) Subsidiary Escalon Digital Solutions Announces Release of Web-Based AXIS(TM) Image Management System
4. Now Approved: Fujifilms FDR AcSelerate Direct Digital DR System
5. World Renowned Physician and Thought Leader Dr. Eric J. Topol to Highlight Digital Medicine Revolution at International CES 2010
6. Womens Digital Imaging Using DXA Total Body Fat Analysis to Help Patients in Weight Management and Fitness Programs
7. Frost & Sullivan to Speak at 2010 International Consumer Electronics Digital Health Summit
8. Varian Medical Systems to Highlight the Latest Digital Detectors, X-ray Tubes and Cancer Treatment Technology at the Radiological Society of North America (RSNA) Annual Meeting in Chicago
9. Waters SDMS Vision Publisher Now Certified Compliant with SAFE-BioPharma Digital Standard
10. Raytheon BBN Technologies Licenses Stereo Digital Mammography Technology to FUJIFILM Corporation
11. Volcano Receives FDA Clearance to Market the Eagle Eye(R) Platinum Digital IVUS Catheter
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/11/2017)... 11, 2017  Thornhill Research Inc. ( ... an $8,049,024 USD five-year, firm-fixed-priced, indefinite-quantity/indefinite-delivery contract by ... Commercial Corporation (CCC) ( Ottawa, Ontario, Canada ... administer general anesthesia to patients requiring emergency medical ... US Marine Corps have been a longtime partner ...
(Date:5/10/2017)... 10, 2017 Global Health Intelligence (GHI), ... America , published its 2017 ranking of the ... on extensive data analysis from GHI,s hospitals database for ... for the region. The GHI database covers 86% of the ... than 130 data points for each institution in key areas ...
(Date:5/10/2017)... May 10, 2017 Radiology has become the ... costs have also spiraled to the number one ranking ... radiology than ever before as the most complete and ... patient with lower back pain an MRI may confirm ... for pain, resulting in entirely different treatment protocols.  In ...
Breaking Medicine Technology:
(Date:5/26/2017)... ... 26, 2017 , ... Boar’s Head Brand®, one of the ... Day entertaining that are sure to satisfy your guests’ flavor cravings, while adding ... cheeses featured in these refreshingly balanced recipes are packed with flavor, creating the ...
(Date:5/26/2017)... ... May 26, 2017 , ... Yisrayl Hawkins, Pastor and Overseer at The ... is focusing on the Peace Agreements being discussed by President Donald Trump and the ... race to try to speed up peace talks in the continuous battle between Israel ...
(Date:5/26/2017)... ... May 26, 2017 , ... “When the Stars Lead Home”: ... the creation of published author Laura Weigel Douglas, an avid reader who lives in ... house that sometimes feels like Green Hills Adventure Camp. She couldn’t be more grateful. ...
(Date:5/26/2017)... (PRWEB) , ... May 26, 2017 , ... “Cactus Jack: ... had on so many others. “Cactus Jack: Against All Odds” is the creation ... Walter D. Hubbard is married to Jack Carlisle’s third child Jane. Walter. ...
(Date:5/24/2017)... ... 2017 , ... Dr. Alan I. Benvenisty, MD is dual board certified in ... known for his distinguished expertise and experience in the diagnosis and treatment of vascular ... treating renovascular disease and aortic aneurysm . He is known for his minimally ...
Breaking Medicine News(10 mins):