Author: Karl

ADA Asks HIA to Retract Comments on earVenture; Says New Firm in Keeping with Academy’s Mission, Members’ Goals

In response to a statement from HIA, the Academy outlines why the formation of earVenture is in keeping with both the goals and objectives of the Academy, as well as in the best interests of consumers and the industry. It also raises its own concerns about HIA’s interference, asking that the industry trade association “reassess its position towards ADA’s actions, motives or objectives with regard to its relationship to earVenture.”

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HIA Expresses Concerns about ADA and IntriCon’s Formation of earVenture

HIA has issued a statement expressing concerns about earVenture LLC, a recently formed hearing aid company that is a joint partnership of the Academy of Doctors of Audiology (ADA) and IntriCon Corp. HIA is concerned about the propriety of ADA aligning itself with a single hearing aid manufacturer, and among several issues, believes it may raise questions related to potential conflicts of interest for the Academy.

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ADA and IntriCon Partner to Launch earVenture Low-Cost Hearing Aids

ADA has partnered with IntriCon to launch a low-cost hearing aid to compete with PSAPs, over-the-counter, and Big Box hearing devices. With a wholesale membership cost ranging from $150-250, the new hearing aids are expected to present a high-quality low-cost alternative that will place the provider and evidence-based services—not the device—at the center of the hearing healthcare journey.

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CDC Responds to Growing Outrage Over Omission of Hearing Loss from Disabilities Study

In response to a question from Hearing Review, CDC says if hearing loss had been included in the BRFSS survey, it may have resulted in inaccurate estimates of the prevalence of disabilities. It says it is currently exploring with states and territories the feasibility of including a question about hearing acuity on future BRFSS questionnaires.

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Todd Murray Resigns from GN and Beltone

Todd Murray, a well-respected and long-time leader in the hearing industry, has decided to resign from his position as president of Beltone and GN North America senior vice president. GN says it respects his decision and wishes him the best in his future endeavors.

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Updated: GN Reports Good Growth in Q2 but Disappoints Analysts; Financial Fraud Reported at Beltone

GN Store Nord reported 8% organic growth and increased its EBITA by 7% in the second quarter of 2015, but fell short of the high expectations of the financial community. GN also reported the discovery that Beltone’s VP of Finance had committed accounting fraud, resulting in a one-time Q2 loss of $22.3 million and Todd Murray’s resignation as senior VP of the company.

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Tuesday: Institute of Medicine’s 2nd Meeting on Accessible and Affordable Hearing Care

The Institute of Medicine (IOM) and its Committee on Accessible and Affordable Hearing Health Care for Adults will hold its second of three public meetings on Tuesday, June 30. The IOM meetings will culminate in a consensus report that may provide context for future top-down governmental responses and influence decisions related to affordability and accessibility of hearing aids, PSAPs, tinnitus devices, and hearing care services.

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