PatientFi Announces Growth Equity Investment from Questa Capital

PatientFi, a company offering medical practices a comprehensive technology suite of payment and subscription solutions to help patients pay for elective procedures, has announced the closing of a significant growth equity financing led by new investor Questa Capital, a venture growth equity firm focused on expansion-stage healthcare companies, with participation from the company’s existing investors. PatientFi intends to use the proceeds to cement its position as a market leader in its core specialties for elective healthcare practices and their patients. The growth capital will be used primarily for accelerating sales and marketing, developing new commercial partnerships, and launching new product initiatives.  

Founded in 2017, PatientFi has steadily grown into a leading point of care payments platform to increase patient affordability and access to elective healthcare procedures. Since 2019, the company has added over 4,000 practices to its network of medical providers and served over 180,000 patients across its financing and subscription membership platforms. Not only has PatientFi helped their practice partners grow their businesses, they have also been a key partner to the medical aesthetics industry through commercial partnerships with category leaders like Galderma & Allergan Aesthetics.

Since 2010, the medical aesthetics industry has grown 10 percent annually and is estimated to be a $40 billion market over the next several years with enormous untapped market opportunity. In the U.S., 15 million patients have had an aesthetic treatment, and the number of consumers considering treatment in the near or immediate future is six times that—roughly 80 million people. In 70 percent of those decisions, consumers cite cost as the primary reason to delay or defer a treatment decision.

In recent years, PatientFi expanded its platform from point of care financing into a comprehensive, payment and technology solution for its practice partners. PatientFi recently launched PRIVI, a first-of-its-kind subscription and practice loyalty platform. With PRIVI, patients can pay for customized aesthetic treatment plans via a convenient monthly membership while earning valuable rewards along the way.