Every output on this page is a projection, recomputed on your phone from the assumptions below — change any of them. Fund view first; nothing here is an offer.
Rate Lives Steerage At-risk 2028
Assumptions — all editable
Investor-only cost assumptions
Sources ride with each number in data/figures.js. Addressable spend of is a stated derivation: ≈75% of the program treated as claims influenceable by member navigation — an assumption shown here precisely so it can be argued with.
2026 · Prove
Free launch. Engagement is the deliverable.
No fund contract, no fund cost, no fund data in 2026. The fund receives a quarterly engagement report — these are targets, not results:
Members activated target1,000+
Questions answered with a cited source target10,000+
Plan & fund documents covered target100%
Cost to the fund$0
2026 build-out (founder-funded) Projection
2026 spend
Build sized to Alex's $30–50K band for the MVP core — line items are editable assumptions.
2027 · Convert
The founding-fund contract.
Flat fee — never a share of savings. A portion of the fee is held at risk against savings the fund verifies from its own data, invoiced at the lower of projection or verification, with walk-away terms.
Founding-fund fee projection
…of which retiree members Assumption
Additional funds (if any)
Held at risk against verified savings
Per member per month
Retiree claims arrive through patient-authorized links (Flexpa-class, member-consented, revocable). No public price list exists — connectivity cost is a placeholder pending a vendor quote, flagged in the investor cost model and in ASSUMPTIONS.
Projected savings, all programs projection
Fund-frame net position (savings − fee)
Savings ÷ fee
Top-down: steerage × addressable spend, program-wide. The bottom-up version — episode by episode, with the fund's own drug book counted separately — is the worked example.
2027 P&L, FDNY-only Projection
Recognized revenue (after at-risk × achievement)
COGS (infra + concierge + claims links)
Operating spend
EBITDA
2028 · Scale
Where the mandate lives.
Two honest paths — toggle them:
Contract value projection
As a share of the program
Break-even: savings needed on addressable spend
Per covered life, per month (1.2M lives)
The deck's checkpoints, live: 0.082% of program · 0.110% of addressable · $0.63 per member-month at $9M citywide.
Sensitivity — annual fee (share of program) Projection
2028 cost base (headcount by function) Projection
2028 operating spend
One asymmetry, modeled on purpose: adoption drives savings, not our fee. The fee is flat — if members don't engage, savings don't appear, the at-risk portion isn't earned, and the walk-away clause is live. Engagement risk sits on Benewise, where it belongs.
Every figure on this page is a projection from stated assumptions, not a promise of results. Fund view shows fund economics only. Unlisted working draft — presentation gate only, not access control; not an offer or solicitation.