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Parachute Health Launches Integrated Solution of DME Ordering with Prior Authorization

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2 years ago

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Newly Embedded Prior Authorizations in the Parachute Platform Reduce Costs and Streamlines Administration for Health Plans, DME/HME Providers, and Clinicians

NEW YORK, June 17, 2024 /PRNewswire/ — Parachute Health, the platform empowering simple DME and HME ordering, announces the launch of its groundbreaking collaboration with two of the largest healthcare companies to revolutionize DME ePrescribing and now prior authorization while reducing costs for health plans, DME providers and clinicians. Through the new platform functionality, Parachute Health now uniquely streamlines the prior authorization process to reduce friction at the point of care and improve patient outcomes.

This collaboration solves the prior authorization burden that has long plagued clinicians and DME providers alike and resulted in significant delays, provider burnout, and patient dissatisfaction. The new integrated solution eliminates this pain point by embedding prior authorization workflows directly into the prescribing process. This liberates providers from an arduous back-and-forth authorization process, allowing them to focus on delivering exceptional patient care.

“Growing up in a healthcare family, watching my sister as a doctor, mom as a nurse, and family’s pharmacy, I witnessed firsthand how time-intensive and opaque the process was to obtain an authorization. I am excited to be streamlining the ordering and authorization process by partnering with payors and building the necessary cost-controls to eliminate the current administrative burden that all stakeholders face,” said David Gelbard, CEO and Founder of Parachute Health. “As Parachute continues to scale our revolutionary open e-prescribing platform nationally, it is exciting that we are now able to embed prior authorizations into the point-of-care ordering process. This collaboration is a mission-driven solution that benefits all stakeholders – reducing costs for payors, liberating clinicians from burdensome processes, and freeing providers to focus on what matters most: caring for patients.”

As the leading digital platform for DME and HME ordering, Parachute Health empowers over 220,000 clinicians and 3,000 supplier locations to deliver exceptional patient care. While health plans historically have little to no visibility into legacy fax-based DME ordering processes, Parachute Health provides transparency for payors and clinicians into the ordering workflow. This is a more reliable process for DME providers and provides better care for patients.

With a proven record enabling millions of patients to receive the life-saving products and services they need since 2016, Parachute Health’s open ecosystem powers DME/HME providers to maintain direct relationships with clinicians and patients. Parachute Health’s flexible platform allows clinicians and patients to select their DME/HME providers of choice.

Through this collaboration Parachute Health’s open solution guarantees health plans shared savings while empowering clinicians and patients the freedom to choose their medical equipment and provider, and powering DME/HME providers to maintain control over their own businesses that they have worked hard to build.

The Parachute Platform is a comprehensive digital DME and HME solution:

Delightfully Simple Ordering Experience: Order DME in 3 minutes or less with real-time digital chat, documentation generation, and flexible workflowsEmbedded Prior Authorization: Streamline prescribing workflow at the point of careFull Interoperability: Seamless integration with existing EHRs & other health IT systemsStreamlined Intake: Transparent documentation removes billing uncertaintiesClinician Relationship Building: Sales Rep App to guide supplier-clinician interactionsConvert Held Orders: Tools to reduce bad debt and convert referrals to digitalRenewals by Parachute: Automated signature & documentation collectionReports by Parachute: Full visibility into how to optimize cost & grow patients on serviceTrack My Order: Transparency for patients into their DME/HME orders

To learn more about Parachute Health’s transformative ePrescribing solution, please visit www.parachutehealth.com or contact info@parachutehealth.com.

About Parachute Health:

Parachute Health is a leading provider of technology solutions designed to solve challenges across the DME/HME industry. With a mission to liberate providers from overly complex processes and administrative burdens, Parachute Health’s open platform approach empowers providers to focus on patient care and powers suppliers to optimize their business. Payors, patients, and manufacturers all win by gaining transparency to manage the complexity of DME.

View original content to download multimedia:https://www.prnewswire.com/news-releases/parachute-health-launches-integrated-solution-of-dme-ordering-with-prior-authorization-302174343.html

SOURCE Parachute Health

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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58 minutes ago

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July 23, 2026

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

Published

58 minutes ago

on

July 23, 2026

By

NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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Fathom Applauds Introduction of the FRONTIER Act, the First Federal Blueprint for Independent AI Verification

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58 minutes ago

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July 23, 2026

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Reps. Lori Trahan (D-MA-03) and Jay Obernolte (R-CA-23) introduce a bill to build a competitive marketplace of independent verifiers for frontier AI models.

WASHINGTON, July 23, 2026 /PRNewswire/ — Fathom welcomes the introduction of the FRONTIER Act, the most complete federal framework yet for independent, third-party verification of frontier AI. The legislation is built to earn public trust as AI technology continues to accelerate. As frontier systems begin to take autonomous action in the world, the gap between what these models can do and our ability to keep them in check is widening. FRONTIER is the starting point to close that gap.

“AI governance keeps running into the same wall. The technology is hard to measure and it moves faster than any law can keep up with,” said Andrew Freedman, Co-Founder and CEO of Fathom. “Trying to write the perfect rules and freezing them in place won’t work. What will work is a competitive market of independent verifiers who are accountable for real-world outcomes and who the government can actually count on. The FRONTIER Act shows we can move fast and still get this right.”

The bill gets the fundamentals correct. It sets one public standard – the adequate mitigation of catastrophic risk – and holds both the AI companies and their independent verifiers accountable to it. FRONTIER does not freeze a single testing method into statute. Instead, it licenses competing verification organizations, allows them to sharpen their methods, and gives the government the power to revoke a license when a verifier’s work does not hold up in the field. That is how you build a system that keeps pace with the science instead of falling behind it.

Fathom thanks Reps. Trahan and Obernolte for their leadership, and for their courage in releasing a discussion draft, inviting scrutiny, and incorporating substantive improvements from across the field. One priority improvement as the bill advances: giving the government a fuller range of tools to act upstream – for pushing companies to close identified gaps in risk mitigation early, rather than only once a catastrophe is imminent. We are committed to working with these sponsors, committees of jurisdiction, and Congressional leadership to continue refining the bill in the weeks and months ahead.

About Fathom
Fathom is an independent nonprofit whose mission is to build a governance architecture that helps society navigate the transition to a world with AI by fostering trust, safety, and innovation. Fathom has developed and championed the independent verification model for AI and works with policymakers across the country to put it into practice. Learn more at http://fathom.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fathom-applauds-introduction-of-the-frontier-act-the-first-federal-blueprint-for-independent-ai-verification-302833546.html

SOURCE Fathom AI Inc.

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