Hearing Industry Financial Reports Offer Glimpse of Coronavirus Impact

The hearing industry received further evidence this week that the economic impact of the Covid-19 pandemic has been unprecedented. Recent publication of the first quarter (Q1) financial reports from Amplifon and GN Store Nord offer a glimpse of how much impact the pandemic has had on the industry.  Additionally, the Interim Management Statement issued by…

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audiology research covid-19

Audiology and Covid-19

by Brian Taylor, Editor-at-Large Although the Corona virus is a life-threatening condition and hearing care is deemed non-essential service in many places, there are aspects of the pandemic germane to audiology. Recently, the Washington Post reported on the rise in Covid-19 cases in American meatpacking plants. In the article, epidemiologists speculate the high levels of…

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american academy of audiology

AAA Offers Considerations for Patients and Professionals Regarding COVID-19 Treatments Using Quinine Derivatives and Other Ototoxic Compounds

RESTON, VIRGINIA — In recognition of May Is Better Hearing Month, the American Academy of Audiology (AAA) has offered considerations for audiologists and their patients regarding COVID 19 treatments with potentially ototoxic compounds. Hydroxychloroquine, for example, was recently approved by the U.S. Food and Drug Administration (FDA) for emergency use to treat adults and adolescents with…

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hearing aid industry covid 19

Uncharted Waters: Hearing Industry Leaders Discuss Challenges of Navigating COVID-19 Crisis

The impact of the coronavirus pandemic sweeping the globe has been swift and severe. Many countries have instructed ‘non-essential’ businesses to close and have issued ‘shelter in place’ orders for their citizens to remain at home except to get food or medicine, in an effort to reduce spread of the virus.  In addition to the…

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Phonak Boosts Support for Hearing Care Professionals Amid COVID-19 Pandemic

WARRENVILLE, ILLINOIS – In response to the ongoing COVID-19 pandemic, Phonak U.S. today announces a series of steps to boost support for hearing health care professionals and their patients. These measures include accelerating the delivery of Phonak eSolutions while increasing service offerings for professionals and patients. Also announced today is the creation of a COVID-19…

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American Academy of Audiology Offers Professional Telehealth Update and Guidance

RESTON, VIRGINIA — As COVID-19 continues to impact individuals across the United States, the Department of Health and Human Services, state and local agencies, and commercial insurance programs are creating new and revised regulations/guidance regarding telehealth payment policies. Audiologists are beginning to employ creative solutions to assist their patients while mitigating the risk of further…

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Coronavirus Continues to Take Toll on Hearing Device Industry

Over the past several weeks, like other businesses around the globe, the hearing device industry has felt a significant impact from the coronavirus outbreak. Faced with economic uncertainty and full, or partial, closure of retail and private clinics across much of the US and Europe, hearing device makers find themselves trying to navigate an unrecognizable landscape. …

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Starkey Donates 80,000 Masks to Healthcare Workers

EDEN PRAIRIE, MINNESOTA – As part of its ongoing efforts to support hearing and healthcare providers during the COVID-19 pandemic, this week, Starkey donated more than 80,000 masks to Hennepin County in Minnesota. The donation is in response to the shortage of personal protective equipment in hospitals across the country.  “We are grateful to the healthcare…

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Cochlear Announces Launch of $850M Equity Raising

Hearing implant maker, Cochlear, has announced today that the company will be undergoing capital raising efforts to ensure the company “remains strong during and after the COVID-19 pandemic.” The company looks to raise over $500M USD ($850M AUS). The company, which had reduced its profit forecast in early February due to the impact of the…

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Hearing Industries Association Issues Statement Regarding Hearing Health During the COVID-19 Pandemic

WASHINGTON, DC — The Hearing Industries Association (HIA) leadership has issued a statement regarding hearing healthcare in the United States during the COVID-19 pandemic.  The full text of the statement can be read below: ______________________________________ The hearing healthcare industry, like many businesses in the United States and around the world, is facing an unprecedented challenge. As…

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