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.
In the U.S., 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.