The emerging "value hearing health" market is creating value for Intricon, the Minnesota supplier of hearing aids and hearing technology. Intricon's third-quarter financial report Monday revealed a healthy 30 percent increase in revenue from hearing aids sold to consumers in the first nine months of 2018 over the prior-year period. … [Read more...] about “Value Hearing Health” Drives Intricon Growth
Hearing Industry
U.S. Court Issues $268 Million Judgment Against Cochlear Ltd.
A U.S. court issued a $268 million judgment against Cochlear Ltd. in litigation over patent infringement claims by cochlear implant maker Advanced Bionics and the Alfred E. Mann Foundation. But Cochlear said it will appeal the decision, a process that could take several more years before the case is finally resolved. … [Read more...] about U.S. Court Issues $268 Million Judgment Against Cochlear Ltd.
Earlens Raises $87 Million For Hearing Aid Performance Breakthrough
Earlens Corporation announced it raised $87 million in new capital to fund a 2019 commercial rollout of enhancements to its hearing aids. The company's unique technology utilizes a vibrating contact lens that sits on the eardrum to directly activate the hearing system. Among other things, it doubles the range of sound frequencies amplified by other hearing aids. … [Read more...] about Earlens Raises $87 Million For Hearing Aid Performance Breakthrough
Blue Shield Medicare Plans Offer $499 Hearing Aids
As facts about negative impacts of hearing loss on senior health start to drip into public consciousness, we can expect to see more Medicare supplement plans from private insurers offering hearing aid coverage. The latest is Blue Shield of California, which features copays as low as $499 for high-quality hearing aids in several of its Medicare plans. … [Read more...] about Blue Shield Medicare Plans Offer $499 Hearing Aids
Health Insurance Companies Slowly Start To Cover Hearing Aids
Health insurance plans are slowly starting to provide more coverage for hearing aids. In a recent groundbreaking survey by Hearing Tracker and the Hearing Loss Association of America (HLAA), 25 percent of respondents said they had received health-insurance subsidies for their hearing aids. That's nearly double the 13 percent reported in other surveys a decade ago. But the new … [Read more...] about Health Insurance Companies Slowly Start To Cover Hearing Aids