I-PASS Patient Safety Institute

I-PASS Patient Safety Institute

Early Stage

Saving lives by reducing medical errors caused by communication failures

Saving lives by reducing medical errors caused by communication failures

Overview

Raised this Round: Raised: $149,054

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/07/2017

Close Date

02/01/2018

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$500

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.55

Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Location

Suite 402, Massachusetts

I-PASS Patient Safety Institute is raising funds on Wefunder. The company has developed the methodology, solutions, and services to reduce patient harm by up to 70%. I-PASS Patient Safety Institute provides training, implementation plans, and professional coaching to help institutions transform patient safety communication and save lives by reducing medical errors. I-PASS Patient Safety Institute is backed by clinical evidence and was the winner of the 2014 Cox Award and a Finalist in the 2015 Harvard Business School. Chris Landrigan, Daniel West, Nancy Spector, Raj Srivastava, Amy Starmer, and Theodore Sectish founded I-PASS Patient Safety Institute in April 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for sales and marketing, compensation to the internal sales team, increasing presence at trade shows and events, features enhancement, and working capital.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$0

$0

COGS

$2,167

$0

Tax

$0

$0

 

 

Net Income

$-675,094

$0

Summary Balance Sheet

FY 2016 FY 2015

Cash

$1,072,883

$0

Accounts Receivable

$0

$0

Total Assets

$1,132,328

$0

Short-Term Debt

$340,694

$0

Long-Term Debt

$0

$0

Total Liabilities

$340,694

$0

Financials as of: 08/07/2017
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
I-PASS Patient Safety Institute 02/01/2018 Wefunder - $149,054 Equity - Preferred Funded RegCF

No prior online funding rounds.

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I-PASS Patient Safety Institute on Wefunder 2017
Platform: Wefunder
Security Type: Equity - Preferred
Price per Share: $8.55

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