8 Things Every Consumer Should Know About Hearing Loss
Here are eight factors that consumers confront when considering a solution for their hearing loss—and some solid reasons why they should visit YOUR practice.
Category: Financial Services
Financial Services
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Financial Services
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Pent-Up Demand for Hearing Aids in 2021
Older Americans across the nation are slowly but surely receiving COVID-19 vaccinations, and non-emergent medical visits that were put off may indeed be scheduled by mid-2021 or sooner. When and if those positive conditions materialize, hearing care professionals (HCPs) need to be in the right place at the right time—with the right products and financing options.
Financial Services
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The Resurgence of Covid-19 and Adjustments in Hearing Care Marketing
Covid-19 is still impacting hearing aid sales, but these strategies can blunt its effects while preparing your practice for what many experts predict will be an excellent year for hearing healthcare in 2021.
Comorbidities and Eliminating Barriers for Establishing Referral Networks
Many chronic health conditions are now being linked to hearing loss. Hearing care professionals can become “the hearing provider” for any future referrals of patients with hearing loss. However, some barriers, including the perception of accessibility and affordability, first need to be overcome.
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All About Options: Concierge, House Calls, and Financing
Accommodating individual personality types is a perfect way to customize the patient experience. Meeting patients “where they are” references a state of mind, but in some cases it also applies to an actual physical location in the form of house calls.
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Remote Mics, Alerting Devices, and Loop Systems: Hearing Care’s Underutilized Toolbox
How to provide your patients the opportunity to purchase important accessory items like remote mics, looping systems, and alarm/alerting devices—systems that can make a big difference in their outcomes.
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Battle Big Box and Online by Honing Practice Strengths and Offering Options
Big box hearing aid sales are estimated to make up more than 14% of US sales, and OTC hearing aid regulations are now expected to be in place by at least the second quarter of 2021. Here are some tips for how to compete with and differentiate your practice against these competitors.
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Younger Patients’ Buying Preferences and Trends in Hearing Aid Financing
Younger generations are moving away from just using a credit card and instead opting for a line of credit specifically for healthcare or retail purchases. Utilizing patient financing in your hearing care office is a great way to get ahead of these buying preferences.
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Marketing Your Practice’s Hearing Aid Financing Options to Drive Growth
Partnerships between lenders and hearing care professionals can ensure that proper information is relayed to consumers with specific loan possibilities, such as low-interest loans that can work over 24, 36, 48, or 60 months. “Successful hearing care providers understand how to position financing as the ability to move forward with an improved quality of life,” says Chris Klemick of Ally Lending, “which is being able to hear well on a daily basis.”
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Answering Patients’ Questions About Hearing Aid Costs—and Providing Solutions
With the abundance of online and Big Box offerings, questions about the price of hearing aids are more pointed than ever. Here is a look at how some hearing care professionals are dealing with this issue.
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Ally Financial: Making Hearing Care More Accessible During the COVID-19 Pandemic
Healthcare providers are increasingly urging people not to delay preventative and other necessary care because of the pandemic, and hearing care is no exception. In these uncertain times, hearing aid financing helps remove the obstacle of cost—and prioritize health and well-being.
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Audigy Appoints Aaron Brotherton and Kevin Bekker to Marketing Leadership Team
Audigy announced two new additions to their marketing leadership team. Aaron Brotherton helms the team as Vice President of Marketing, and Kevin Bekker serves as Director of Digital Marketing Services.
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Blog: Don’t Delay in Filing Paycheck Protection Program Application
If you own a hearing healthcare practice and intend to file an application for the Paycheck Protection Program (PPP), do it right away. That’s the advice I’ve been receiving from industry experts and banking executives in my local community.
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Plan for the Worst, Hope for the Best: Strategies for Cash-flow Difficulties and Covid-19
With the Covid-19 pandemic, it’s likely that many hearing healthcare owners and managers are concerned about cash-flow and the solvency of their businesses. Here is some practical advice from Brian Taylor, AuD, about finding and preserving cash flow in these uncertain times.
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Energous Corporation Releases Third Quarter Earnings
Energous Corporation (NASDAQ: WATT), the developer of WattUp, a Wireless Charging 2.0 technology, announced financial results for the third quarter ended September 30, 2019 and provided an update on its operational progress.
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Health Credit Services Offers Customized Healthcare Financing Options
HCS is the #3 Elective Healthcare Financing Partner and supports the nation’s top providers in audiology, cosmetic, fertility, and dental segments.
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Congresswoman Debbie Dingell Reintroduces Legislation for Hearing Aid Coverage Under Medicare
The Medicare Hearing Aid Coverage Act addresses one piece of the puzzle by improving access to hearing aids and related examinations. The bill also directs the Government Accountability Office (GAO) to conduct a study on insurance programs that provide services to help with hearing loss.
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'CNBC' Reports Apple in Talks with Private Medicare Plans to Subsidize Cost of Apple Watch
According to the report, the newest version of the Apple Watch—which retails for $399—includes features like fall detection and an electrocardiogram (ECG) sensor which can help detect irregular heart rhythm. Insurers are looking to subsidize the cost—which may be unaffordable for some senior Medicare patients—as a preventative strategy to detect potentially expensive health problems before they worsen.
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