There are several patients ready to seek help and happen to be covered by an insurance plan that covers hearing aids. Think about the impact on your business if you can fill appointment slots with patients that have a hearing aid benefit through a third-party referral network. As more new patients are seeking hearing aid support, you can support and empower these patients!
With nearly 40 million Americans with hearing loss1, more healthcare plans are offering hearing aid benefits as part of their healthcare benefits. Some plans use direct-to-consumer models which eliminate the HCP completely. Other healthcare plans reimburse HCPs for their services, which reduce costs.
To meet the needs of patients and providers, many health insurers have partnered with third party companies (third party referral networks – TPRN) to control costs by outsourcing the provider network, administration, and price negotiation to a third party. As more Americans put pressure on healthcare insurers to add additional coverage areas, hearing aid benefits are a good way for insurers to differentiation themselves from other insurers.
To learn more about Managed Care and how it can help you support patients, read our blog series available in this convenient eBook.