Open AccessThird-Party Payers…. The Silver Bullet?
Author(s) -
Amit Gosalia
Publication year - 2019
Publication title -
seminars in hearing
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.592
H-Index - 27
eISSN - 1098-8955
pISSN - 0734-0451
DOI - 10.1055/s-0039-1693490
Subject(s) - third party , revenue , health care , business , hearing aid , healthcare delivery , health insurance , silver bullet , profit (economics) , finance , medicine , internet privacy , economics , economic growth , audiology , computer science , sociology , anthropology , microeconomics
Healthcare reform brought about many changes in the healthcare industry including the hearing aid delivery model. Third-party payers (TPPs) became a growing trend with health insurance companies. The traditional hearing aid delivery model changed from provider and patient to provider, TPP, and patient. Due to the insertion of this middle man, profit can be diminished from the hearing aid sale, along with processes. Based on this decrease in revenue, decisions need to be made if using a TPP is profitable or even affordable for a clinic. Recent polls indicate more than half of those clinics polled currently do not participate with TPPs.