About

Parachute Health provides a digital platform that simplifies the ordering process for Durable Medical Equipment (DME), such as wheelchairs and oxygen tanks. The platform connects healthcare providers, suppliers, and patients, allowing for electronic prior authorization and data reporting analytics. Clients, including DME suppliers and health systems, benefit from improved efficiency, patient satisfaction, and compliance with regulations. Parachute Health operates on a subscription and service fee model, charging clients for access to its platform. This approach not only generates revenue but also enhances the ordering process, leading to faster order times and better care delivery. The company's goal is to improve patient outcomes and operational efficiency in the healthcare industry.

Simplify's Take

What believers are saying

• Recognition in the New York Digital Health 100 underscores Parachute Health's innovative impact and growth potential in the healthcare technology sector.
• The integration of prior authorization and prescription renewals into the platform significantly enhances operational efficiency and patient care.
• Strategic hires like Rob Boeye bring industry expertise that can drive further innovation and market penetration.

What critics are saying

• The healthcare technology market is highly competitive, requiring constant innovation to maintain a leading position.
• Dependence on partnerships and integrations with other healthcare systems could pose risks if these relationships falter.

What makes Parachute Health unique

• Parachute Health's platform uniquely integrates prior authorization directly into the DME ordering process, reducing administrative burdens and improving patient outcomes.
• The company's focus on digital connectivity and ePrescribing for DME sets it apart from traditional, paper-based processes still prevalent in the industry.
• Partnerships with major healthcare companies and innovative solutions like Renewals by Parachute highlight its commitment to continuous improvement and client satisfaction.