Tag: Parachute Health
In brief: NCPA Digest shows ‘ominous pressure,’ Parachute integrates with athenahealth, COPD Action Alliance launches
October 30, 2024HME News Staff
COLUMBUS – Independent pharmacy represented a $94.9 billion marketplace in 2023, with gross profit margin falling to 19.7%, its lowest point in the 10-year lookback window of the NCPA Digest.
This reflects factors like low or below-cost third-party reimbursements and inflation (which showed up in wages and overhead costs), according to the NCPA.
Other highlights from the 2024 NCPA Digest include:
Independent community pharmacies represent 35% of all retail pharmacies...
Parachute integrates with athenahealth
October 29, 2024HME News Staff
NEW YORK – Parachute Health is now part of athenahealth’s marketplace program, making DME e-prescribing available to a growing network of health care providers. Now, athenahealth users can launch Parachute directly from their existing workflows, preventing administrative paperwork and allowing them to track patient order status from the initial order through fulfillment. “At Parachute Health, our mission is to give all patients a ‘soft landing,’ with the life-saving...
In brief: Sign-on letter goes live, Medline partners with Microsoft, WOY award moves to Heartland
October 18, 2024HME News Staff
WASHINGTON – Reps. Mariannette Miller-Meeks, R-Iowa, Paul Tonko, D-N.Y., and Randy Feenstra, R-Iowa have released a sign-on letter in support of re-establishing the 75/25 Medicare blended reimbursement rate for DME in non-rural, non-competitive bid areas for 2025, AAHomecare has reported.
The association is asking stakeholders to reach out to their representative in the House of Representatives to ask them to join the sign-on letter. Stakeholders should direct Republican reps to contact...
Parachute launches AI Intake solution
October 16, 2024HME News Staff
NEW YORK – Parachute Health has launched an AI Intake solution that enables medical equipment suppliers to automatically digitize paper-based DME orders received from clinicians so they can better verify that documentation is complete and better review qualification criteria. This workflow significantly reduces the time required to process fax/eFax orders and ensures suppliers are promptly paid for the life-saving products they provide to patients, the company says. "We set out to eliminate...
Parachute Health: Payers are sending signal about faxes
July 19, 2024Liz Beaulieu, Editor
NEW YORK – Parachute Health’s decision to embed prior authorization workflows into its platform is an example of how payers are increasingly driving the transition to e-prescribe, says David Gelbard.
The company announced in June that it added the functionality through a partnership with Optum, which is owned by UnitedHealth Group, and Walgreens/CareCentrix.
“There’s a favoring by payers to do business in a digital way vs. paper fax,” said Gelbard,...
Parachute Health embeds authorization process
June 18, 2024HME News Staff
NEW YORK – Parachute Health has launched a partnership with Optum and Walgreens/CareCentrix to embed prior authorization workflows directly into the prescribing process, liberating providers from what’s typically a back-and-forth process. “I am excited to be streamlining the ordering and authorization process by partnering with payers and building the necessary cost-controls to eliminate the current administrative burden that all stakeholders face," said David Gelbard, CEO...
EnsoData, Parachute Health integrate
May 30, 2024HME News Staff
MADISON, Wis. – EnsoData and Parachute Health are partnering to expedite care for newly diagnosed sleep disorders by simplifying the workflow of various care providers. The two companies will collaborate on a seamless handoff from a physician-signed sleep report directly through to DME providers using Parachute Health. “We’re excited to partner with Parachute Health to better serve patients, sleep physicians and DME providers working from a footprint spanning thousands of physicians...
Parachute Health ‘pushes faster’
October 4, 2023Liz Beaulieu, Editor
NEW YORK – Parachute Health in September expanded its leadership team with an HME “industry insider” and launched a new product.
The company named Rob Boeye, formerly of Brightree and Invacare, as commercial leader-HME, and launched Renewals by Parachute, a tool to streamline the DME order renewal process through automated workflows.
“We’re excited to have Rob on board – his reputation and his expertise with Invacare and Brightree is top tier,”...
In brief: AdaptHealth moves on, Boeye moves to Parachute
September 22, 2023HME News Staff
PLYMOUTH MEETING, Pa. – AdaptHealth and Crispin Teufel have agreed to terminate Teufel’s employment contract.
The company had appointed Teufel as CEO in June, with a start date of Sept. 1, but he was sued in August by former employer Linde, which was seeking to block his appointment for an unspecified time. In the lawsuit, Linde alleged breach of contract, breach of duty of loyalty and misappropriation of trade secrets.
In a filing in late August with the U.S....
Parachute hires former Brightree exec
September 20, 2023HME News Staff
PRINCETON, N.J. – Parachute Health has hired Rob Boeye, formerly executive vice president at Brightree, as commercial leader – HME. Boeye joins Parachute Health with more than 25 years of experience working with HME providers to drive product innovations and digital transformation. At Brightree, 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,” said Catie...