Digital Assent Secures $2.5M Debt Financing to Enhance Flagship PatientPad Platform

Oct 18, 2018 18:47 CST Updated 18:47

Recently, VCBeat (WeChat Official Account: vcbeat) learned from foreign media reports that U.S. healthcare technology company Digital Assent announced it had secured $2.5 million in debt financing from Silicon Valley Bank. It is reported that Digital Assent previously completed a $2 million Series A financing round in January 2011 and a $7.5 million Series B financing round in June 2011.

Digital Assent, founded in 2009, is a self-service patient registration and patient education software developer based in Atlanta, Georgia, dedicated to helping physicians and brands engage patients more effectively, enhance their online reputation, and improve patient satisfaction.

Under the leadership of its President and CEO, Andrew Ibbotson, the company developed PatientPad, a wireless touchscreen solution that automates the patient registration process, provides patients with targeted health education information and advertisements, and allows them to evaluate their service experience before leaving. Currently, the award-winning PatientPad technology is transforming the patient experience across hospitals in North America.

Image from Unsplash

Under Andrew Ibbotson’s leadership, Digital Assent has gained widespread recognition, being named one of “America’s Most Promising Companies” by Forbes magazine and receiving the “Coolest Tech of the Year” award from TechAmerica and the Georgia Technology Association.

Andrew Ibbotson is not only the Founder and CEO of Digital Assent, but also a board member of Health 2.0 Atlanta and Venture Atlanta. As a prominent figure in Atlanta’s technology community, he mentors early-stage entrepreneurs and regularly speaks at startup events across the United States to foster innovation and entrepreneurship.

Since founding Digital Assent, Andrew Ibbotson has been named “Business Person of the Year” by the Atlanta Chamber of Commerce, received the “Entrepreneur of the Year” award from TiECON Southeast, and was recognized as one of Atlanta’s “40 Under 40” business leaders by the Atlanta Business Chronicle.

Following the completion of the financing round, the company intends to use the proceeds to enhance its flagship product, PatientPad, making it more intelligent and efficient.