United States
Knew Health is a disruptive force in the healthcare industry, providing an innovative and inclusive approach to healthcare. The company's slogan, "An affordable, simplified, human approach to healthcare," encapsulates its mission to offer a cost-effective alternative to traditional health insurance.
Founded in 2018 and headquartered in the United States, Knew Health operates as an inclusive cost-sharing community that supports both preventive care and unexpected medical expenses, offering members greater freedom and control over their healthcare spending.
Knew Health's model presents a considerable value proposition for both individuals and small businesses. Members benefit from monthly payments that are 30-70% lower than typical insurance premiums, making it an attractive option for individuals seeking greater autonomy in their healthcare decisions, as well as independent contractors and solo entrepreneurs. Moreover, small businesses offering Knew Health memberships to their employees can realize significant cost savings, potentially reducing expenses by $1,500 or more per employee per year.
The innovative cost-sharing model deployed by Knew Health replaces traditional monthly premiums with contributions to a shared community fund. In the event of medical needs, the company's expert bill negotiators assist in lowering costs by an average of 46%. Furthermore, expenses are equitably shared through the community fund, providing a shield against unexpectedly high medical costs while effectively managing the expenses of routine preventive care. Additional membership benefits offered by Knew Health include free health coaching, as well as discounts on supplements, labs, wellness resources, and more.
Knew Health's approach eliminates the constraints of network limitations, empowering members to actively engage in their healthcare decisions without restrictions. This freedom enables individuals to choose their own providers and resources to stay healthy, emphasizing a wellness-focused approach to healthcare. The company's commitment to preventive care is further illustrated by its provision of wellness tools and holistic services, which include discounts on supplements and lab work, as well as free yoga/fitness classes, health coaching, and an annual allowance for additional health and wellness costs.
With its compelling value proposition and commitment to empowering individuals and businesses with greater control over healthcare expenses, Knew Health presents an attractive investment opportunity for those seeking to support disruptive innovation in the health care industry.
