Hearing Healthcare: Fish or Fowl?
March Phonak-Costco Madness ushered in urgency to the health of hearing healthcare providers. March Mayhem was foreshadowed for 3 years in Hearing Economics posts, starting with resurrection of 1990s prognostications of professional schizophrenia and bimodalism stemming from creative destruction. And lo, it came to pass as disruptive technologies and economics came among us and we were sore afraid. Otherwise,…
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Private Sector Hearing Aid Costs and Markup
“The success of the final product of services and hearing aid is dependent much more upon our services than it is upon the product. ” Catherine Palmer PhD Audiologists and licensed practitioners believe those words, based on years of experience with patients. That’s why most of us do what we do and charge what we…
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Raising the Curtain on Wholesale to Retail Hearing Aid Pricing, part 2
Last week’s post raised the curtain on average wholesale and retail hearing aid pricing with the data in Figure 1, but it did not address average retail price of premium instruments. That’s a crucial part of the Price puzzle because that’s where most of the wholesale increase is occurring. Two big questions were left unanswered:…
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Econ 202: When Supply Met Demand
We’ve graduated from Econ 101. It’s time to take on Price Takers — companies that can influence Price to optimize their profits. That’s going to take a few posts, starting with a rehash of Econ 101 posts today. Apologies to those who don’t like going into the weeds, but you really can’t talk about…
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To Be or Not To Be an Audiologist
Investing in a doctoring degree in Audiology hinges on expectations and outcomes that should be anchored in real data. We’re not there yet, but discussing it is a start. Last week left off here: it boils down to doing a self-examination of expectations and anticipations in order to forecast whether the graduate degree is a…
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