Business Management

student loan debt
The total of student loan debt has grown dramatically and represents one of the largest categories of consumer debt—second only to home mortgages. Here are some tips for effectively dealing with debt from student loans.
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This article explains how inspirational leadership results from practicing the art of leading daily, solving small problems early, and being a performance coach to one person at a time.
hi HealthInnovations
hi HealthInnovations, Minnetonka, Minn, has introduced a new hearing aid discount program for health plans intended to help plan participants purchase high-tech, custom program hearing aids.
MarkBattersby
Self-financing a private practice may produce fast results, but our tax laws create a number of obstacles that must be overcome to avoid penalties and higher tax bills. This article presents options for consideration before pursuing self-funding.

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Effective marketing requires establishing benchmarks for successful efforts, collecting the data generated by your marketing tactics, and measuring their success or lack thereof through ROI analysis. Ultimately, ROI analysis provides you with the knowledge and ability to adjust your marketing plan to capture beneficial trends or eliminate wasteful spending.
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New financing options from Horizon Keystone Financial and Audiology Systems are designed to make equipment purchases more manageable. According to HKF, this year up to $25,000 worth of financed equipment purchases will qualify for a 100% tax deduction; those who are included in the IRS’s 35% tax bracket can save up to $8750.
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This week, in Part 5, we wrap up The Hearing Review & CareCredit State of the Industry Presentation Series with comments from the dinner’s audience, including viewpoints from Drs David Fabry, Kim Cavitt, Scot Frink, Edward Aleo, and Roy Sullivan.
Dan Quall
This week, in Part 4 of the series, Dan Quall of Starkey Hearing Technologies provides a comparison of the fields of audiology, optometry, and dentistry—demonstrating a vital need for hearing healthcare to retain its tradition of private practices. He also details a number of key performance indicators (KPI) for practice owners to watch closely.
Presenters and sponsors of the CareCredit/Hearing Review “State of the Industry” dinner in Orlando included Amyn Amlani, PhD, of the University of North Texas; HR’s editor Karl Strom and publisher Dana Fisher; Dan Quall, MS, of Starkey Hearing Technologies; Brian Taylor, AuD, of Unitron; and Amber Jacquez of CareCredit.
In Part 3 of this series, Brian Taylor, AuD, looks at the unmet needs of individuals with hearing impairment and the increasing importance of establishing deep, long-lasting relationships with your community, physicians, and patients through education on health issues—or what Dr Taylor refers to as “interventional audiology.”
ReSound profits
CareCredit and TIMS Audiology Software have announced the launch of newly integrated features that provide hearing practices with instant desktop access to program information and payment options that help patients get recommended hearing care.
Presenters and sponsors of the CareCredit/Hearing Review “State of the Industry” dinner in Orlando included Amyn Amlani, PhD, of the University of North Texas; HR’s editor Karl Strom and publisher Dana Fisher; Dan Quall, MS, of Starkey Hearing Technologies; Brian Taylor, AuD, of Unitron; and Amber Jacquez of CareCredit.
This week, in Part 2 of our 5-part "State of the Industry" series, Amyn Amlani, PhD, presents an overview of his research that involves the inelasticity of hearing aid pricing, the advantages of unbundling prices, and how smartphone amplification applications and devices for use as starter hearing aids may reduce the adoption time for consumers who ultimately purchase a hearing aid.
Presenters and sponsors of the CareCredit/Hearing Review “State of the Industry” dinner in Orlando included Amyn Amlani, PhD, of the University of North Texas; HR’s editor Karl Strom and publisher Dana Fisher; Dan Quall, MS, of Starkey Hearing Technologies; Brian Taylor, AuD, of Unitron; and Amber Jacquez of CareCredit.
Last April, just prior to the American Academy of Audiology (AAA) Convention in Orlando, The Hearing Review hosted a “State of the Industry” dinner sponsored by CareCredit that drew more than 100 distinguished audiologists and industry experts to see presentations on four important topics that are central to private practice hearing care from Karl Strom, Amyn Amlani, Brian Taylor, and Dan Quall.
US net unit hearing aid sales increased by 4.75% in the second quarter of 2014, following a relatively flat (0.95%) sales in the first quarter, perhaps due to record harsh weather. At mid-year, the hearing instrument market is up 2.9% compared to the same period last year.
According to HIA statistics, second-quarter US hearing aids sales increased by 3.3% for the commercial market and 10.2% for the Department of Veterans Affairs (VA) compared to the same period last year, for a total quarterly increase of 4.75% over Q2 2013. At the mid-point of 2014, total hearing aid unit sales have increased by 2.9%.
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Commoditization and changes in hearing aid distribution are unsettling. Hearing Review Editor-in-Chief takes a look at the issues of concern in his July 2014 Staff Standpoint column.
teamwork
Both team-building and rewards & recognition activities can have an amazing impact on your team’s level of engagement; they just need to be approached strategically to create the true benefit of employee development, growth, and having a team who knows you care and will be there to help them succeed.

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Kasewurm
Audiologist Gyl Kasewurm, AuD, says she is convinced independents can and will survive in the era of big box stores in the hearing healthcare market. Her opinion article in the July 2014 Hearing Review explains why.
Ron Gleitman opt
If hearing care professionals want to stay competitive and relevant, and attract new patients, they need to level the playing field. One of the most effective ways to do this is through differentiation. This article explores several key findings from a recent benchmark survey, and offers practical advice on putting these findings into action.
JimAlvord
Cost is frequently the deterrent for many people who know that they need hearing aids. Offering a solid 3rd-party finance partner could be the catalyst in helping people hear better with a payment plan that they can afford.
Beltone President Todd Murray addresses hearing care professionals during the 2014 Beltone National Meeting.
This year's annual meeting, themed "LEAP (Leaders Execute and Perform) with Beltone," was attended by nearly 625 members of Beltone’s dispenser network, and honored several of its distinguished practitioners.
Jeff Newnham
Jeff Newnham, president of Phonak Inc, comments on a recent letter from a new network buying group that contains Phonak's VA and government services contract price list that is causing confusion within the hearing healthcare community.