audiology cost disease

The Metaphor Monologues: Treatment Options for Chronic Cost Disease of Hearing Healthcare

This series’ first post introduced William J Baumol’s theory of economic cost disease, manifest in personal service professions’ and industries’ reliance on fixed-time, face-to-face encounters to deliver and perfect the goods.  Generally stated, Baumol’s conundrum is that service wages must rise on the back of stalled productivity while manufacturing labor costs rise naturally on the…

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audiology cost disease

The Metaphor Monologues: Unhealthy Practices

A previous post described Baumol’s “cost disease” as a metaphorical affliction of personal services ranging from hair care to audiology, all requiring face-to-face service delivery. In his book on the topic, Baumol identified the wage market conundrum facing audiology practices that dispense manufactured devices, using an illustrative example of 2% wage increases across the board:…

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audiology cost disease

The Metaphor Monologues: Hearing Healthcare Has a Chronic Disease

Pay no attention to the blunt and horrifying title, a crude attempt to capture your attention. Now that you’re here, please contain your outrage and read on to learn the nature and symptoms of the disease, how the diagnosis was made, and what is prognosticated.   On Disease   In healthcare, practitioners comb the mortal…

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The New Healthcare Consumer

“It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.”  –Charles Darwin (1809)   By Donald Hayes, Ph.D., Director of Clinical Research, Unitron The information age, like the agricultural and industrial revolutions that marked transition periods before it, has provided humanity with new tools.…

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