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It’s long been claimed that price is the prime reason for the consistently low 25% to 30% adoption rate of hearing devices. With over-the-counter devices set to be regulated and available in late 2020, price will become even more important. Or will it? Is the race to...
What are your hearing aid cost-of-goods? What are the financials of your hearing aid service plan? Is audiology profitable in your clinic? What are your practice’s mission and values? If you don’t have answers to these crucial questions, chances are you don’t have a...
As a business owner, you want to grow revenue, increase profits, boost your market share, and help more patients. Expanding the business might seem the logical next step to achieve your goals, but are you ready to make that move? With so much at stake when considering...
Business Financial Planning: Ready for the New Year? It’s probably no surprise that getting healthy and getting organized nabbed the No. 1 and 2 respective spots for 2017 New Year’s resolutions, per an NBC story*, but they also make for great business goals. With 2018...
If you plan to retire in three, five, or 10 years, do you have a succession plan in place? Is a structure established for your practice to continue thriving in your absence? How do you go from working as an owner-doer to an owner-investor with a legacy in place that...
Smart business owners will tell you it’s never too early to plan for life after running a practice. They’re right, but did you know that proper planning involves a firm understanding of your practice’s value? What Is Business Value? Business value is the tangible...
In this episode of the Audigy webcast, Heather Sager sits down with Zach Byrd, an associate finance manager at Audigy, and talks about the steps you need to take to put your financial house in order. This is a great discussion for practice owners in addition to anyone...
Studies show that since 1970, the cost of higher education has risen more than 1,100 percent as compared to other economic indices such as the cost of a car, healthcare, housing, etc. While that increase is certainly not unique to Au.D. programs, this meteoric rise in...
Is your audiology practice getting the most out of third-party-payer contracts for hearing aid services? Have you determined what it takes to make a profit? Does your team know how to properly itemize clinical services for maximum third-party payments? A few simple...