Parachute Health
Latest round
- Seed
Last raised
- Mar 2018
Total raised
- $5.5M
Investors
- 2
About Parachute Health
Founded in 2015 and headquartered in New York, US, Parachute Health specializes in streamlining the ordering of Durable Medical Equipment (DME). David Gelbard serves as both the CEO and Founder, bringing expertise from previous entrepreneurial endeavors.Parachute Health provides an advanced digital platform designed to streamline the ordering process for Durable Medical Equipment (DME). Their core offerings include an integrated ePrescribing suite and a digital order management system that enables healthcare providers to place orders efficiently, track their status in real-time, and manage vendor networks seamlessly. The platform is specifically tailored to address the needs of clinicians, DME suppliers, and payors, helping to eliminate up to 80% of manual paperwork, thereby enhancing operational efficiency.S.Parachute Health operates on a business-to-business (B2B) model, generating revenue through partnerships with healthcare providers and DME suppliers who utilize its platform for electronic ordering and management. The company engages in subscription-based pricing for its software services, allowing clients to access advanced functionalities for a recurring fee. Transactions typically involve the integration of the platform into healthcare systems, enabling streamlined ordering processes for a wide range of DME products and services. By offering a centralized intake platform that significantly accelerates order processing, Parachute Health supports its clients in improving service delivery and compliance, ultimately fostering long-term relationships with healthcare providers and suppliers in the market. The company is focused on developing new functionalities within its platform to further streamline the ordering process for users. Additionally, there are intentions to penetrate new geographic markets, leveraging the latest investment to improve infrastructure and outreach efforts. Specific timelines for these expansions and product launches have not been disclosed.
Who invested in Parachute Health
2 investors across 1 round
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Funding rounds
Seed
Mar 15, 2018
Amount
$5.5M
Investors
Questions about Parachute Health
Who invested in Parachute Health?
Parachute Health has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Parachute Health raised?
Parachute Health has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Parachute Health last raise money?
Parachute Health's most recent round on record is a Seed, in Mar 2018.
What does Parachute Health do?
Founded in 2015 and headquartered in New York, US, Parachute Health specializes in streamlining the ordering of Durable Medical Equipment (DME).
Where is Parachute Health headquartered?
Parachute Health is headquartered in New York, US.
Which VCs invest in companies like Parachute Health?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back healthcare it companies at Parachute Health's stage. Their profiles are linked below.
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