Parachute Health was born from a terrible experience our Founder had where his father had back surgery, but ended up back in the hospital because the order for the walker he needed was faxed to the supplier, and discarded because it was incomplete. Unfortunately our Founder’s experience was not unique, incidents like this are pervasive in our system every day, impacting millions of patients each year.

Parachute Health makes a scary, stressful experience delightfully simple for clinicians and their patients who rely on medical equipment & supplies. By serving as the connective tissue integrated between providers, suppliers, and payors, the Parachute Platform removes the opaque, frustrating processes of going back-and-forth via fax and waiting on-hold over the phone. The Parachute Platform connects providers, suppliers, payors, and patients to coordinate care transparently so that patients receive the life-saving products they need.

https://www.parachutehealth.com/

Year partnered
2023
Status
Active
David Gelbard
CEO & Co-Founder
CEO & Co-Founder
David Gelbard

My elderly father was seriously hurt in a fall because his wheelchair never arrived after major surgery. Our fax-based ordering system is grossly inefficient for health systems and negatively impacts patient outcomes. At Parachute, we ask three questions: what's needed, what's covered by insurance, and did the patient receive the life-saving product they needed? These questions guide us toward a delightfully simple healthcare for patients, caregivers, clinicians, and suppliers, and a significantly lower cost of care for provider organizations. Transformation Capital's deep understanding of the healthcare ecosystem and network of strategic leaders allows us to scale our innovative platform to help. David Gelbard, CEO

Insights

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