US Hearing Aid Pricing: Part 1 – Nominal Wholesale-Side Trends
Editor’s Note: The last time Hearing Economics discussed hearing aid pricing was 2016, when then Section Editor, Holly Hosford-Dunn, provided readers with a comprehensive assessment of the market in a seven-part series. Starting with today’s blog on wholesale pricing (in a nominal sense), the aim is to build on Holly’s earlier work and share current…
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Pricing in Hearing Healthcare: Which Race are You Running? Part 3 – Implications of Health Insurance on Consumer Demand
by Amyn M Amlani, PhD Today’s blog, Part 3, is the last in the series, “Pricing in Hearing Healthcare: Which Race are You Running?” Thus far, we have covered the: Developing market segmentation occurring in hearing healthcare (Part 1), and the Negative effect (i.e., cannibalization) of reduced retail pricing on total revenue, consumer purchase intent,…
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Pricing in Hearing Healthcare: Which Race are You Running? Part 2 – Consequences of Reduced Retail Pricing
by Amyn M Amlani, PhD In Part 1 of the series on “Pricing in Hearing Healthcare: Which Race are You Running?,” the reader was provided with an overview of the supply-side’s strategy to reduce retail prices to encourage product uptake/adoption. Such a strategy, it was contended, supported the transition of hearing healthcare from a predominately…
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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:…
Read MoreThe 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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