Cost Cutting Ideas for Small Practices

Editor’s Caveat:  Hearing Economics strives for a broad economic view, rarely getting down to nuts and bolts of running a practice–you’ll find those in our Hearing Health section.  However.  today’s post is the first in a series that reveals my dirty, or nutty, little secrets for cost cutting.  They’re not clever and they’re not real secrets, but they are little —…

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Back to the Future: What Would Jack Say?

This series checks in on predictions made by Lars Kolind in the late 1990s, published in the final chapter{{1}}[[1]]Jerger JJ, Skafte MD, Kolind L. The future of audiology practice management.  Chapter 21. In Hosford-Dunn H, Roeser R, & Valente, M. (2000). Audiology: Practice Management (1st Ed). NY:  Thieme. pp 481-490.[[1]] of Audiology: Practice Management (1st Ed, 2000).  Post…

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Abandon Ship! Unraveling HearUSA Part 19

Ship’s log for the HearUSA Enterprise,March-May, 2011. March 17, 2011:  Siemens moves to exercise its rights as a secured creditor to take over HearUSA in an SEC petition containing the reassuring note that it “plans to continue operating HearUSA’s business, but … make significant changes to make them more profitable…”  Comment:  It’s about time. March 16-19,…

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To Be or Not To Be: Unraveling HearUSA part 18

Last I checked, HearUSA was set to perish on the railroad tracks because it couldn’t or wouldn’t pay its loans to Siemens.{{1}}[[1]]Despite conflicting reports,  HearUSA claimed in its 2009 SEC Annual Report  that “The Company repaid approximately $8.1 million of Siemens debt from the proceeds of this transaction during 2009, as required under the agreement…

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Giant Roars, Heroine Screams: Unraveling HearUSA Part 17

The HearUSA-AARP contract (posts 15 and 16 of this series) is captured best by the question:  What were they thinking? Siemens was thinking that it was a “crummy deal” according to one shareholder.   HearUSA’s CEO Steve Hansbrough seems to have been thinking how much smarter HearUSA was than manufacturers like Siemens.  In an interview with audiologyonline, Mr Hansbrough did not…

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