Digital Assent is an Atlanta-based developer of self-service patient check-in and patient education software, founded in 2009 and led by President and CEO Andrew Ibbotson. Its flagship product, PatientPad, is a wireless touch-screen solution that automates the patient check-in process and delivers targeted educational health information and advertising in waiting and treatment rooms. The company received a $2.5M debt financing from Silicon Valley Bank and intends to use the funds to purchase the hardware needed for PatientPad. Prior to this financing Digital Assent raised $7.5M in Series B equity and $2M in Series A funding. The current financing is structured as debt rather than equity and was provided by Silicon Valley Bank. No operating metrics were disclosed in the article. Digital Assent, founded in 2009 and led by president and CEO Andrew Ibbotson, is an Atlanta-based provider of PatientPad, a wireless touch-screen solution that automates patient check-in and delivers targeted health information and advertising. Since January the company has sold nearly 1,500 PatientPads to 175 practices in 25 states. The company plans a national roll-out into major metropolitan markets including Chicago, Dallas, Denver, Los Angeles, Miami, New York, Phoenix, San Francisco and Washington D.C. by the end of the year. Digital Assent will hire additional field representatives and other staff to support the national expansion. The company intends to use the new funding to expand its sales, marketing and product development efforts. Digital Assent has developed PatientPad, a wireless touch-screen solution that streamlines patient check-in and delivers targeted health information in waiting and exam rooms. The product is designed to enable healthcare providers to collect patient information in a standard electronic format. The company raised a $2M Series A equity financing to support establishing a national presence and expanding its point-of-care network. The financing has already allowed Digital Assent to sign customers in New York, Ohio, Texas and south Florida. Founded in 2009 and based in Atlanta, the company plans to use additional capital to grow its product footprint and add new revenue streams. Management has indicated it may seek an additional $5M–$10M Series B by the end of 2011 to expand into other health-care disciplines.

Total raised

$12M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Oct 2011