Fountain Life, a preventative health and longevity company committed to transforming global healthcare from reactive to proactive, announced it has secured $15M in funding from Eos Venture Partners, the leading InsurTech investor, and Newcross Healthcare, experts in healthcare including treatment and care at home, based in the United Kingdom. The investment is intended to support Fountain Life, including its integrated insurance business, to transform the healthcare ecosystem while improving future healthcare and its availability in the home and more widely around the globe.
Fountain Life is committed to transforming the current healthcare model and moving the emphasis from reactive to preventive care by using cutting-edge technology to detect asymptomatic diseases early. The company has brought together some of the world’s leading and most innovative physicians and scientists to create a new kind of healthcare that is predictive, preventive, personalized, and data-driven. By leveraging new AI technologies and advanced diagnostic testing to identify conditions such as cancer, cardiac, metabolic, and neurodegenerative disease at the earliest stages, Fountain Life gives members the information and tools to make lifestyle modifications that can help them live longer, happier lives.
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“Detecting asymptomatic disease is challenging because the human body is amazing at masking symptoms, but diagnostic technologies have come a long way. The ability to screen for structural abnormalities and other key indicators of developing disease exists today, but we must change the healthcare delivery model to truly realize the benefits of early disease detection,” said Bill Kapp, Fountain Life CEO and co-founder. “The best way to avoid or mitigate long term issues is to look for them early – waiting until conditions manifest themselves and require costly treatment is suboptimal and can lead to reduced longevity and quality of life. We are humbled by the commitment by Eos Venture Partners and Newcross Healthcare to support this transformation.”
Traditional health insurance spends a small percentage of premiums on preventative healthcare. Fountain Health Insurance, a subsidiary of Fountain Life, switches that focus to investing heavily on preventative healthcare to create healthier populations and lower overall healthcare costs. While Fountain Health Insurance does cover traditional care, its primary focus is on proactive engagement and preventative care. Preventative healthcare saves lives by catching illness early, while it is still highly treatable, or by eliminating it entirely. Preventative healthcare also saves money. Early detection and treatment costs are a fraction of those incurred when illnesses like cancer, heart disease, and diabetes are diagnosed in their more advanced stages. Early detection and treatment are made possible by the convergence of sensors, networks, and AI that are transforming medical diagnostics and providing physicians with tools that were previously unavailable.
SOURCE: PR Newswire