I worked on one of the first wearable foundation models in 2018. The innovation of this 2025 paper from Apple is moving up to a higher level of abstraction: instead of training on raw sensor data (PPG, accelerometer), it trains on a timeseries of behavioral biomarkers derived from that data (e.g., HRV, resting heart rate, and so on.).
They find high accuracy in detecting many conditions: diabetes (83%), heart failure (90%), sleep apnea (85%), etc.