Published by Traynor, Robert M., EdD, MBA, FNAP
Leasing is resurging as an alternative method to acquiring hearing devices. While it might feel like a new concept to some, Staab recalls that leasing hearing aids began as early as 1956.1 Other retailers initiated a hearing aid rental program in 1962, with one referring to his rental program as the “granddaddy of hearing aid rentals.”2 Since banks did not want any part of the hearing aid financing or leasing business, providers were required to internally fund these rental programs by purchasing the instruments and renting them to patients. While this process requires significant financial resources, it became a lucrative business to offer people with hearing loss devices for minimal cash outlay....
Read the full article on The Hearing Journal here.
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