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Revolutionising Financial Planning for Chronic Illness: A Fintech Breakthrough?

Key Takeaways:

  • Iryss is a startup aiming to reduce financial stress for people with chronic illnesses by offering a tailored financial planning platform.
  • The platform uses disease-specific financial models that allow users to predict the impact of their diagnosis on their income, expenses, and assets.
  • The segment of people diagnosed with chronic illnesses is estimated to be around 3.2 million per year, in a financial planning and advice market worth $57 billion.
  • Iryss has its roots in the Founders Institute and is based in Rochester, New York.
  • The success of Iryss could revolutionize financial planning for individuals with long-term health conditions.

The realm of Fintech has made significant strides in providing solutions for a host of financial planning needs. However, there has been a void with respect to addressing the unique challenges faced by individuals diagnosed with chronic illnesses. Iryss aims to plug this gap by creating a financial planning platform specifically designed to reduce the financial stress of navigating through these health conditions.

Based in Rochester, New York, Iryss is positioning itself at the forefront of the fusion between healthcare and financial planning. A debutante from the Founders Institute, Iryss identifies the extensive potential in the $57 billion financial planning and advice market.

What sets Iryss apart is its disease-specific financial planning model. The platform employs these specialized models to predict how a chronic illness diagnosis will impact a person’s income, expenditure, and assets over the long term. This form of personalized financial planning paves the way for more informed decisions, creating the roadmap to a more financially secure future despite health complications.

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Beyond this, Iryss provides its users with tools and services to meet their current obligations, whilst simultaneously planning for their future. This simultaneous approach enables its users to balance their immediate financial needs with future financial aspirations, all whilst navigating their health landscape.

Looking to the future, if Iryss manages to deliver on its promise, it can revolutionize the way individuals diagnosed with chronic conditions plan their finances. The fusion of fintech with health-care-specific-data can help in predicting specific financial concerns, aiding in more comprehensive, personalized financial planning.

For more on Iryss, their vision, and their services, you can visit their website at iryss.finance. You can also follow them on Twitter, Facebook, and LinkedIn for regular updates.

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