With the current round and cumulative $20M in lifetime funding, Olive says it “plans to expand beyond its existing hearing aids product line into new digital therapeutics for tinnitus and overall hearing health, and begin laying the foundation for its next generation of smart hearing technology.”
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Even before the worldwide pandemic, inevitable developments in our field were approaching, presenting both threats and opportunities. This article identifies six of the major developments and highlights the opportunities that could be nurtured for both patients and audiology practices.
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The World Health Organization (WHO) recently published the ‘World Report on Hearing’ complete with a multi-faceted strategy for increasing access to hearing healthcare. HR interviews Amyn Amlani regarding his opinions on matters such as Medicare and financing options.
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Talking about the cost of a hearing aid is probably the most difficult aspect of the job for many hearing care professionals. However, once the elephant is out of the room, there is space for education, diagnostics, and relaying the real value of hearing care.
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With the rise of telecare and DIY/self-fit hearing devices (for at least milder hearing losses), hearing healthcare stakeholders will need to determine how and in what markets they do business.
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The IQbuds² PRO has received FDA classification as a Class 2 medical device. “Utilizing Nuheara’s connected hearing technology platform, the company’s aspiration is to create an end-to-end hearing healthcare company by efficiently delivering hearing products, accessories, and services across the Hearables, Medical Device, and OTC markets,” says Nuheara CEO Justin Miller.
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The Hearing Industries Association has sent a letter to Florida legislators requesting removal of an amendment that would make legal the sale of direct-mail hearing aids in the state and make changes to dispensing laws related to telecare.
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Signia Xperience hearing aids showcased at JDVAC are backed by “multiple audiology and technology world firsts, such as acoustic-motion sensors, Own Voice Processing (OVP), the Signia app, and more.”
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A new bill in Florida (CS/SB 700) intended to expand telehealth, make direct-mail hearing aids available to adults, and amend state dispensing laws was submitted to the Florida legislature on February 19.
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Sound quality plays a key feature for overall hearing aid satisfaction as well as in everyday moments of real-life hearing. A large international survey of hearing aid users confirms the importance of sound quality, showing higher satisfaction with the WIDEX MOMENT™ hearing aids for overall sound quality, for specific situations of real-life use and for hearing aid users’ ability to participate in daily life.
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Managed care is substantially growing in depth and breadth every year. Telehealth, OTC, the current pandemic, and other factors significantly impact the modern hearing care office in tandem with managed care. Therefore, as we evaluate, select and participate in managed care, we must seek and select the opportunities which best meet the goals and needs of the modern hearing care office.
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Cochlear Limited (ASX: COH) announced the winners of the 19th Annual Graeme Clark and the 10th Annual Anders Tjellström Scholarships. The scholarships, named after two pioneers of the hearing implant industry, recognize Cochlear Nucleus Implant, Cochlear Baha System, and Cochlear Osia System recipients in the United States and Canada who are said to uphold “the Cochlear ideals of leadership, humanity, and demonstrate high academic achievement.”
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Lantos Technologies wants hearing care professionals to “own the ear” by providing better technology for the 3D scanning and replication of the dynamic ear canal–for improved sound quality, reduced feedback, and better comfort and retention for the wearer. Learn more about the Lantos relaunch and watch a short interview of company CEO Paul Harkness who provides his perspectives on customizing hearing aid fittings for enhanced patient-centered care and greater customer satisfaction.
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In this short interview, Amyn Amlani, PhD, explains why hearing aid sales have been growing, and offers his perspectives on how OTC hearing aids and potential changes in Medicare could change adoption rates.
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MedPB is offering the free web event, “How to Reduce Uncertainty and Sell More Hearing Aids”, starting on Wednesday, January 27, designed to highlight how hearing care practices are growing despite the pandemic, as well as strategies for getting patients “stick like glue” and increase sales.
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