How Hearing Centers Can Help With Hearing Aid Costs (And Why They Really Need To)
In the United States, over two-thirds of adults over 50 who might benefit from hearing aids don’t use them. Why? Because of cost alone. While any good audiologist or hearing aid specialist is driven to help patients, they may feel powerless when the patient’s financial situation prohibits large lump-sum costs. However, there is a simple way that hearing centers can help with hearing aid costs while ensuring financial stability for their business.
Addressing Rising Costs Within The Hearing Aid Industry
Hearing aid sales can be difficult for audiologists and specialists to make, though not due to a lack of features or convenience: today’s hearing aids are more discreet than ever and advanced models even come with adjustable presets for different environments, such as crowded rooms.
The problem is cost. If a patient wanted to invest in the latest hearing aid technology, they could spend up to $10,000 for a pair of hearing aids. The average hearing aid price range is $3,000-$5,000 per pair, including testing and professional service fees. Since many insurance companies deem hearing aids an elective treatment, obtaining the needed coverage can be a challenge for most patients.
One hearing aid alternative for patients is a personal sound amplification product or PSAP. PSAPs can cost anywhere from $80-$500 and include features like microphone lapel clips and noise cancellation capabilities. While PSAPs are more cost-effective, they do not perform at the same level of hearing aids in noisy environments and can be cumbersome in design.
The good news for patients and hearing aid centers: hearing aid assistance exists and the financing process becomes easier when audiologists and specialists partner with UCFS.
How UCFS Can Help Businesses Provide Hearing Aid Assistance
A hearing aid financing program with UCFS can help audiologists and specialists provide financial help for hearing aids upon patient request and when discussing payment options. A hearing aid technician or salesperson should always discuss the low monthly payments offered through a financing plan. A UCFS financing plan empowers hearing aid centers to offer their services while giving patients a variety of payment options to get the hearing aids they need — and regain the quality of life they want.
Benefits For Businesses:
- Capture a larger share of business and improve hearing aid sales
- Prompt and direct payments from UCFS
- Easy online merchant portal to review payments and accounts
- No setup or monthly membership fees for the merchant program
- Branded brochures and training available to help specialists inform patients of their options
Benefits For Patients:
- Financed amounts of up to $10,000
- Fast and easy credit decisions
- Easy online patient payment portal, including auto-pay options
- Competitive interest rates
- Access to high-quality hearing aid technology
Choose UCFS As Your Hearing Aid Financing Partner Today
Offering financing options will assist in the process of selling hearing aids, but partnering with UCFS helps hearing aid industry professionals gain so much more. As your business partner, we will provide the same helpful and caring service to patients that you provide at your hearing center. To learn more about how a UCFS hearing aid financing program could help your business, contact us today.