Take the cream cheese out of the fridge and let it sit at room temperature until it softens completely.
Lay the chicken breasts evenly in the base of your 6-quart slow cooker, then scatter the cooked bacon pieces on top.
In a medium saucepan set over medium heat, combine the softened cream cheese, cream of chicken soup, chicken broth, ranch seasoning, and the shredded cheddar cheese.
Stir continuously over medium heat until the sauce is smooth, melted, and creamy without lumps, about 5 minutes.
Pour this luscious ranch sauce uniformly over the chicken and bacon in the slow cooker, ensuring everything is well covered.
Cover the slow cooker with its lid and cook on LOW for 4 to 6 hours, until the chicken is fully cooked and can be easily shredded with a fork; avoid using the HIGH setting.
After cooking, shred the chicken right in the slow cooker using two forks, mixing it thoroughly into the cheesy sauce.
Serve the delicious crack chicken over rice, mashed potatoes, or pasta and if you like, garnish with extra cheddar or fresh herbs.