You are looking for GNU Parallel:
cat Input.txt | parallel -j 100 python status_check.py > out_file.txt
GNU Parallel is a general parallelizer and makes is easy to run jobs in parallel on the same machine or on multiple machines you have ssh access to. It can often replace a for
loop.
If you have 32 different jobs you want to run on 4 CPUs, a straight forward way to parallelize is to run 8 jobs on each CPU:

GNU Parallel instead spawns a new process when one finishes - keeping the CPUs active and thus saving time:

Installation
If GNU Parallel is not packaged for your distribution, you can do a personal installation, which does not require root access. It can be done in 10 seconds by doing this:
$ (wget -O - pi.dk/3 || lynx -source pi.dk/3 || curl pi.dk/3/ || \
fetch -o - http://pi.dk/3 ) > install.sh
$ sha1sum install.sh | grep 883c667e01eed62f975ad28b6d50e22a
12345678 883c667e 01eed62f 975ad28b 6d50e22a
$ md5sum install.sh | grep cc21b4c943fd03e93ae1ae49e28573c0
cc21b4c9 43fd03e9 3ae1ae49 e28573c0
$ sha512sum install.sh | grep da012ec113b49a54e705f86d51e784ebced224fdf
79945d9d 250b42a4 2067bb00 99da012e c113b49a 54e705f8 6d51e784 ebced224
fdff3f52 ca588d64 e75f6033 61bd543f d631f592 2f87ceb2 ab034149 6df84a35
$ bash install.sh
For other installation options see http://git.savannah.gnu.org/cgit/parallel.git/tree/README
Learn more
See more examples: http://www.gnu.org/software/parallel/man.html
Watch the intro videos: https://www.youtube.com/playlist?list=PL284C9FF2488BC6D1
Walk through the tutorial: http://www.gnu.org/software/parallel/parallel_tutorial.html
Sign up for the email list to get support: https://lists.gnu.org/mailman/listinfo/parallel