This highly reputable audiology practice has over three decades of community presence and physician trust. Established in 1994, the practice has built a strong referral network across multiple specialties and maintains a stellar reputation for patient care and clinical excellence.
Founded by a respected local audiologist, the business has been deeply integrated into the local healthcare community, with a patient database of over 16,000 users, including almost 4,000 active patients. The practice sees an average of 445 patients per month, including an average of 38 hearing aid fittings with a close rate of 97 percent. Patients are a balanced mix of new and returning, with about 20 percent paying through insurance and Medicaid.
The average selling price per hearing aid is $1,595, with Phonak accounting for 80 percent of sales. Resound and Widex make up the other 12 and 8 percent, respectively. The practice has established good relationships with various insurance providers, including Aetna, Anthem, Blue Cross / Blue Shield, Humana, Meridian Health, and Tricare.
The staff consists of three audiologists, one licensed dispenser, one front office staff member, one administrative staff member, and one dispenser in training. This experienced team is likely to remain if quality standards and a collaborative culture are maintained.
