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TODD WATTS
CO-FOUNDER / CEO
PATIENTFI
WHY: Co-founded company that developed a payment technology platform for elective procedures. Estimated to have helped 320K patients qualify for over $3B in out-of-pocket healthcare expenses to date. Started PatientFi in 2017 with a few people in a small office in Irvine. Has since grown to 130 employees. Annual revenue run rate $140M. Company’s growing network of healthcare providers includes Allergan Aesthetics and Galderma.
IN THE NEWS: PatientFi is gearing up to announce several partnerships with healthcare practices and banking institutions after recently expanding into new specialty markets, including fertility, dentistry and ophthalmology. Last year it extended its partnership with LaserAway, putting its financing services in all 143 LaserAway clinics in the U.S. Also continuing to build out Privi, a-first-of-its-kind aesthetics membership platform, that allows patients to pay for beauty products and services on a subscription model while earning loyalty awards. Company has raised $100M to date, including an oversubscribed $35M Series B round last February.
NOTABLE: Early on in his career, Watts worked on Wall Street at J.P. Morgan where he advised companies on capital raising and risk management as a member of the Consumer, Healthcare and Retail Investment Banking Coverage Group. Was also SVP and head of operations at Newport Beach-based Alphaeon Credit, which provides credit to finance health procedures. Received the Business Journal’s Excellence in Entrepreneurship Award this year.
IN HIS WORDS: “Like anybody else who wants to do something that’s going to really make a big impact, you have to make a big jump.”
