About Parachute Health
Parachute Health operates as an e-prescribing platform. It digitizes the ordering of durable medical equipment (DME) and other critical medical equipment for patients leaving the hospital. It was founded in 2015 and is based in Princeton, New Jersey.
Parachute Health's Products & Differentiators
Clinicians place orders for durable medical equipment and supplies digitally and complete medical necessity documentation, choose supplier from network, and submit
Research containing Parachute Health
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Parachute Health in 2 CB Insights research briefs, most recently on Apr 11, 2022.
Expert Collections containing Parachute Health
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Parachute Health is included in 1 Expert Collection, including Digital Health.
The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.
Latest Parachute Health News
Sep 19, 2023
News provided by Share this article Share toX PRINCETON, N.J., Sept. 19, 2023 /PRNewswire/ -- Parachute Health, a leading provider of ePrescribing software for durable medical equipment (DME), welcomed Rob Boeye as Commercial Leader - HME. Boeye joins Parachute Health with over 25 years of experience working with home medical equipment (HME) providers to drive product innovations and digital transformation. He most recently served as Executive Vice President at Brightree, where he led initiatives to help providers improve business performance through workflow automation and analytics. "We are thrilled to welcome Rob to the Parachute Health team. His depth of expertise in the HME industry and passion for helping providers succeed will be invaluable as we continue enhancing our platform to meet the evolving needs of our customers," said Catie Moser, SVP Client Success at Parachute Health. "It's clear that the team at Parachute Health truly understands the pain points HME providers face in managing workflow for their referral sources and patients. I'm excited to leverage my experience to help shape solutions that tangibly improve HME provider workflows and simplify the clinician experience ordering products for their patients," said Rob Boeye. "I look forward to collaborating with all of Parachute's partners to drive operational efficiency with impactful innovations that Parachute has in the pipeline." Parachute Health also announced today the general release of its newest product, Renewals by Parachute. This solution is designed to streamline the DME order renewal process for healthcare providers through automated workflows, reducing administrative burden, and improving the continuity of care. "The launch of Renewals by Parachute is just one example of how we are innovating to drive productivity for clinicians and HME providers, while streamlining the continuity of care across the patient journey from acute and post-acute facilities to the home," added David Gelbard, Founder + CEO of Parachute Health. Renewals by Parachute centralizes and simplifies the renewal process by automatically generating detailed renewal requests tailored to each patient based on their original DME orders, and batching these signature requests to streamline the clinician experience. This eliminates the need to manually create prescription renewal paperwork and chase down clinician signatures. The Parachute Platform also features real-time signature status tracking and reporting to help manage renewals and eliminate sorting through duplicates. Renewals by Parachute is available today to clinicians and HME providers on the Parachute Platform. To schedule a demo, visit parachutehealth.com/supplier-sign-up . About Parachute Health Parachute Health provides ePrescribing solutions built specifically for DME that simplify ordering workflows and improve coordination between providers, physicians, and patients. Parachute's secure platform makes DME prescribing fast, efficient, and accurate. For more information, visit parachutehealth.com . Contact:
Parachute Health Frequently Asked Questions (FAQ)
When was Parachute Health founded?
Parachute Health was founded in 2015.
Where is Parachute Health's headquarters?
Parachute Health's headquarters is located at 100 Overlook Center, Princeton.
What is Parachute Health's latest funding round?
Parachute Health's latest funding round is Loan.
How much did Parachute Health raise?
Parachute Health raised a total of $15.68M.
Who are the investors of Parachute Health?
Investors of Parachute Health include Paycheck Protection Program, GNYHA Ventures, Anthony Welters, Insight Partners, Alumni Ventures and 4 more.
Who are Parachute Health's competitors?
Competitors of Parachute Health include Tomorrow Health and 3 more.
What products does Parachute Health offer?
Parachute Health's products include DME ePrescribe and 4 more.
Compare Parachute Health to Competitors
Kantime is a healthcare technology company that specializes in post-acute software solutions. The company offers cloud-based enterprise software that caters to various healthcare sectors including home health, hospice, pediatric, private duty, and consumer-directed services agencies. These software solutions aim to improve clinical compliance, increase operational efficiency, and promote financial success. It was founded in 1997 and is based in Plano, Texas.
DMEhub provides an online platform to manage patient records.
Tomorrow Health is a technology company operating in the healthcare sector. The company's main service is to improve the delivery and payment of home-based care by connecting providers, health plans, and home-based care suppliers, ensuring patients can access care at home. The company primarily serves the healthcare industry. It was founded in 2018 and is based in New York, New York.
DMEscripts is a company that focuses on the healthcare technology sector, specifically in the area of electronic prescribing for durable medical equipment. The company offers a platform that automates the medical equipment ordering process, enabling healthcare providers and suppliers to streamline their operations and focus more on patient care. The platform's main functions include collecting patient information, determining patient health needs and insurance qualifications, and generating the necessary documentation for medical equipment orders. It was founded in 2009 and is based in Indianapolis, Indiana.
Brightree offers cloud-based software to improve clinical and business performance in the post-acute care industry. The company serves organizations in the heat and moisture exchangers (HME), home health, hospice, orthotic and prosthetic, HME pharmacy, home infusion, and rehabilitation home care segments. It was founded in 2002 and is based in Peachtree Corners, Georgia. In February 2016, Brightree was acquired by ResMed.