Parable Health
- Company typePrivate
- Founded2013
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Parable Health firmographics
Firmographics- Name
- Parable Health
- Legal name
- Parable Health, Inc.
- Website
- https://parablehealth.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Parable Health industry classification
Industry- Product category
- Digital Wound Care Management Software
- NAICS
- Home Health Care Services (62161)
- SIC
- Services-Misc Health & Allied Services, Nec (8090)
- akta.pro primary industry
- Post-Acute & Transitional Care Virtual Platforms (SNF/home health coordination) (HLALABAG)
- akta.pro secondary industries
- Chronic Disease Remote Monitoring (COPD/CHF/HTN, Weight & Symptom Tracking) (HLAHACAI), Orthopedics & Sports Medicine Telemedicine Platforms (HLALAGAO)
Keywords
Where Parable Health is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
Parable Health business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Platform Subscription: Parable Health operates on a subscription-based model providing access to its wound care technology platform including Smart Capture, Recommendation Engine, and telemedicine capabilities. The platform appears to serve healthcare organizations across post-acute, inpatient, and ambulatory care settings on a recurring subscription basis.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Parable Health product offering
Product offeringCore offering
Parable Health provides a mobile wound care technology platform for healthcare provider organizations, consisting of two flagship solutions: Parable™ for Post-Acute and Inpatient, which combines Smart Capture™ imaging/measurement documentation with a Recommendation Engine to standardize and automate wound care; and Parable™ for Ambulatory Follow-Up, which provides store-and-forward telemedicine with photo transmission and automated virtual check-ins for plastic surgery, orthopedics, dermatology, and other ambulatory practices. The platform is sold on a subscription basis to home health agencies, hospital inpatient units, outpatient clinics, surgery departments, and research institutions.
Product overview
Parable Health offers a unified wound care platform consisting of two primary solutions: Parable™ for Post-Acute and Inpatient and Parable™ for Ambulatory Follow-Up. The Post-Acute solution includes Smart Capture™ for standardized wound documentation and a Recommendation Engine for clinical decision support. The Ambulatory Follow-Up solution provides store-and-forward telemedicine with photo transmission and automated virtual check-ins. The platform is designed to standardize, automate, and reduce costs across the continuum of wound care for home health, inpatient units, outpatient, surgery departments, and research settings.
Differentiator
Problem solved
Functional benefit
Brands
- Parable™ Smart Capture™: Technology for standardizing and automating wound care documentation and measurements.
- Parable™ Recommendation Engine
- Parable™ for Post-Acute and Inpatient
- Parable™ for Ambulatory Follow-Up
Products and services
- Parable™ for Post-Acute and Inpatient
Quantifiable outcome
- Reduced excessive labor, transportation, and supply costs across wound care operations
- +1 more outcomes
Companies that use Parable Health
Customer profileSegments2 records
Ideal customer profiles2 records
Parable Health technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature4 records
Parable Health partnerships and signals
Strategic signalRecent moves4 records
Expansion highlights4 records
Parable Health competitors and assessment
Company assessmentEmerging players
- TytoCare: TytoCare is a telehealth platform and remote examination device suite used by health systems and providers, comparable in its store-and-forward and remote assessment model for ambulatory and home settings.
- Vivify Health: Vivify Health offers remote patient monitoring and virtual care platforms used by home health and post-acute providers, comparable to Parable's automated virtual check-ins and remote monitoring capabilities.
- Spectral AI: Spectral AI applies AI-driven imaging to wound assessment and burn diagnostics, overlapping with Parable's Recommendation Engine concept of imaging-based clinical decision support, although focused more on advanced diagnostics.
Broad incumbents
- American Well (Amwell): Amwell is a broad telehealth platform with provider and health system deployments, comparable to the Ambulatory Follow-Up telemedicine component of Parable's offering, though it operates at much greater scale and breadth.
- Net Health Wound Care (formerly WoundExpert): Net Health's Wound Care suite (including the acquired Tissue Analytics) is the dominant specialty wound care EHR and imaging platform in the U.S., serving many of the same home health and inpatient buyers Parable targets.
Direct peers
- Healthy.io: Healthy.io offers smartphone-based clinical imaging, including wound assessment, with regulatory clearances and enterprise health plan deployments, making it a direct comparable to Parable's store-and-forward wound imaging approach.
- Swift Medical: Swift Medical provides smartphone-based wound imaging and AI-powered wound measurement, directly competing with Parable's Smart Capture imaging and Recommendation Engine across home health and post-acute settings.
- Intellicure: Intellicure provides wound care EHR and clinical decision support for wound care clinics and home health, overlapping directly with Parable's Post-Acute and Inpatient recommendation and documentation workflow.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Parable Health social profiles
Digital presenceParable Health financial estimates
Financial estimateRevenue estimate
Valuation estimate
Parable Health leadership team
Management profileNumber of profiles
Profiles2 records
Parable Health funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Parable Health M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Parable Health
What does Parable Health do?
Parable Health provides a mobile wound care technology platform for healthcare provider organizations, consisting of two flagship solutions: Parable™ for Post-Acute and Inpatient, which combines Smart Capture™ imaging/measurement documentation with a Recommendation Engine to standardize and automate wound care; and Parable™ for Ambulatory Follow-Up, which provides store-and-forward telemedicine with photo transmission and automated virtual check-ins for plastic surgery, orthopedics, dermatology, and other ambulatory practices. The platform is sold on a subscription basis to home health agencies, hospital inpatient units, outpatient clinics, surgery departments, and research institutions.
Is Parable Health a public or private company?
Parable Health is a private company. It is classified as venture growth investor backed and is currently operating.
When was Parable Health founded?
Parable Health was founded in 2013. It employs 11 to 50 people.
Where is Parable Health based?
Parable Health is headquartered in New York, United States, in the North America region.
How does Parable Health make money?
One revenue line is on record: platform Subscription.
Who are Parable Health's main competitors?
Emerging players on record are TytoCare, Vivify Health and Spectral AI. Broad incumbents are American Well (Amwell) and Net Health Wound Care (formerly WoundExpert). Direct peers are Healthy.io, Swift Medical and Intellicure.
Does Parable Health have an API?
No public API is recorded for Parable Health.
What industry is Parable Health in?
Parable Health's product category is Digital Wound Care Management Software. Its primary akta.pro industry code is HLALABAG, Post-Acute & Transitional Care Virtual Platforms (SNF/home health coordination), with a secondary code of HLAHACAI, Chronic Disease Remote Monitoring (COPD/CHF/HTN, Weight & Symptom Tracking). Its NAICS code is 62161 and its SIC code is 8090.