Parachute Health Market Research Report
Company Overview
Name: Parachute Health
Mission: Through online connectivity and excellence in user design, Parachute Health builds cutting-edge technology to simplify Durable Medical Equipment (DME) ordering, ensuring healthcare providers, patients, and caregivers have the systems and support needed to focus on helping individuals get and stay well.
Founded: Parachute Health was founded by David Gelbard.
Key People:
- David Gelbard - Founder and CEO
- Matt Pestritto - Chief Technology Officer (CTO)
Headquarters: Parachute Health, LLC is located at 100 Overlook Center, 2nd Floor, Princeton, NJ 08540, United States. It is a national, fully-remote company with roots in the NYC healthcare ecosystem and a pre-COVID headquarters in NYC.
Number of Employees: No information is available.
Revenue: No information is available.
Known For: Parachute Health is known for revolutionizing healthcare by providing a platform for seamless DME ordering, thereby addressing inefficiencies that historically plague the delivery of medical equipment and supplies.
Products
Parachute Health offers services related to DME ePrescribing, aimed at simplifying the ordering process for clinicians and suppliers.
High-Level Description of the Product
Parachute Health's platform provides digital ordering solutions that connect healthcare providers with DME suppliers, facilitating fast and transparent ordering and delivery of medical supplies.
Key Features
- For Providers:
- Fast order placement and status tracking
- Real-time digital chat with vendors
- Vendor network management
- Utilization controls and formulary adherence
- Order wizard and documentation builder
- For Suppliers:
- Fax and digital intake
- Compliance rules and pushback options
- Reporting and analytics
- Digital chat between CSRs, sales reps, and referrals
- Mobile app for sales reps (available on iOS and Android)
- Product catalog
- Automation through ERP and billing integration
Recent Developments
New Products Launched
No information is available.
New Features Added to Existing Products
No specific new features have been detailed beyond the key features already mentioned above.
New Partnerships
No information is available.
Additional Information
- DME Suppliers: Increase market share and profitability while improving audit performance.
- Health Plans: Offers electronic prior authorization with integration into internal systems for management and analytics.
- Health Systems: Facilitates accelerated discharges and reduced readmissions with data-driven improvements.
- Skilled Nursing Facilities: Drastically reduce order times and enhance patient satisfaction.
- Home Health: Digitizes home health ordering while reducing readmissions and enhancing compliance.
- Doctor’s Offices: Ensures fast delivery of necessary medical supplies, easing provider workload.
Parachute Health champions a robust digital healthcare ecosystem to empower providers and administrators, thus improving patient outcomes through modernized DME workflows.
