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.
QUOTABLE: “Like anybody else who wants to do something that’s going
to really make a big impact, you have to make a big jump.”
