Prepare the chicken: Place the chicken breasts in the crockpot.
Mix the sauce: In a bowl, whisk together ranch seasoning, cream of chicken soup, chicken broth, cream cheese, garlic powder, black pepper, and paprika.
Slow cook: Pour the sauce over the chicken. Cover and cook on LOW for 6 hours or HIGH for 4 hours, until the chicken is tender and easily shredded.
Shred the chicken: Use two forks to shred the chicken directly in the crockpot. Stir to coat with the creamy sauce.
Add cheese and bacon: Stir in shredded cheddar cheese and crumbled bacon (if using). Cover and cook for another 5 minutes until the cheese melts.
Serve and garnish: Serve warm over rice, pasta, or mashed potatoes. Garnish with chopped parsley.