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:5/25/2016)... -- MedDay, a biotechnology company focused on the ... entitled "High doses of biotin in progressive multiple sclerosis: extension ... Professor Ayman Tourbah , Principal Investigator of the Phase ... of Neurology (EAN) in Copenhagen, Denmark . ... place on Sunday, 29 May 2016 from 14:45 to 16:15 ...
(Date:5/24/2016)... 2016 Niederländische Chirurgen haben ... es Ärzten erlaubt, ihre Expertise weltweit zu teilen ... Live Streaming mit einer Instant-Messaging-Funktion und der Möglichkeit, ... in Europa, Afrika, Asien und den ... Plattform registriert. Information und Weiterbildung   ...
(Date:5/24/2016)...   , Study met both ... superiority in , Excellent plus Good ... of the ascending colon   , ... today announced new positive data from the phase III MORA study ... 2 litre PEG with ascorbate. The study met both primary endpoints ...
Breaking Medicine Technology:
(Date:5/26/2016)... (PRWEB) , ... May 26, 2016 , ... ... and clinical outcomes, hosted members and suppliers for its inaugural Member Conference at ... on their mission of elevating the operational health of America’s healthcare providers. , ...
(Date:5/26/2016)... ... ... Connor Sports, through its Connor Cares initiative, will continue to ... Legacy Tour that will commemorate the Indiana Fever legend’s hall-of-fame career and final ... and levels of the game, Connor Sports has committed to a significantly increased focus ...
(Date:5/26/2016)... Pompano Beach, Florida (PRWEB) , ... May 26, 2016 , ... ... Green House® Project offering a new model of care for living and ... on three core values: Meaningful Life in a Real Home provided by Empowered Staff. ...
(Date:5/26/2016)... ... May 26, 2016 , ... There are nearly 14.5 ... 32 million cancer survivors worldwide. On Sunday, June 5, 2016, communities around the world ... Cancer Survivors Day®. , National Cancer Survivors Day® is an annual worldwide Celebration ...
(Date:5/26/2016)... ... 26, 2016 , ... Catalent Pharma Solutions, the leading global ... and global clinical supply services, today announced two key appointments and the opening ... and strategic growth plans in the Asia Pacific region. , Howard Kim has ...
Breaking Medicine News(10 mins):