Five Vital Lessons from My First Year with Amplifon
Coming to Amplifon after 25+ years in the insurance industry
I came to Amplifon Hearing Health Care on a different pathway than most of my colleagues — from a 25-plus-year stint in the insurance industry. This included experience in the insurance brokerage side of the business, as well as a number of years working in supplemental benefits.
Five key lessons from my 1st year at Amplifon
Although
the hearing benefit is new territory for me, one thing has become abundantly
clear: the surprisingly high value it delivers to health plans and their
members. I’d like to share five key lessons I’ve gleaned from my first year
with Amplifon.
Like me, maybe you didn’t know that hearing loss is the third most common chronic health condition in the United States.[1] In fact, nearly 48 million Americans have some degree of hearing loss[2], and this includes one in three seniors older than age 60.[3] Sadly, fewer than 20% of seniors who could benefit from hearing aids purchase them.[4]
Of course, I wanted to know why there’s such a disconnect between the problem and the solution. First, I learned how expensive hearing aids are — easily costing more than $5,000 for a pair. This puts them out of reach for many Americans who don’t have a hearing benefit. Secondly, as I found out, there’s often a stigma attached to wearing hearing aids, especially among younger Americans, despite advances that have made these devices virtually undetectable.
At the same time, the incidence of hearing loss is increasing due to a number of factors, including an aging population and exposure to excessively loud music and other sounds. Even younger people are at risk, attributable in part to their love of video gaming and the sound effects blasting through their headphones.
Most importantly, I’ve learned that a high-quality hearing benefit can change perceptions and make a positive difference for individuals with hearing loss. Unfortunately, many of today’s hearing benefits are designed and controlled by hearing aid manufacturers. As the Academy of Audiology stated in their recent CMS comment letter, these manufacturer-owned benefit administrators’ vested interest is in generating hearing aid sales. Consequently, plans with these benefits fall short of the goal to make hearing aids more affordable and enable members to enjoy the gift of sound.
I was surprised to learn that hearing aids don’t just improve a person’s hearing ability; they can also have a positive impact on overall health. Specifically, when your members purchase and regularly wear hearing aids, they reduce the risk of chronic health conditions, such as kidney disease, diabetes, ischemic heart disease and stroke, plus the costly comorbidities of untreated hearing loss, including depression, dementia, and injury-causing falls. I encourage you to read an article by Dr. Carrie Meyer, our Director of Clinical Programs, about the science behind these connections.
Besides improving a member’s whole-person health, reducing the risk of these health conditions can save health insurers tens of thousands of dollars for treating just one individual over the course of a year. For the health plan, this translates to a significant downstream return on investment.
As I’ve discovered, good hearing can also elevate your members’ quality of life, whether it’s enabling them to participate more fully in conversations at family gatherings or enhancing their ability to communicate and perform in the workplace. In addition, good hearing can help prevent social isolation, which often leads to depression.
Despite a host of positive impacts, we often see overall low utilization of hearing benefits from competitor plans. On the flip side, health plans with an Amplifon benefit are often able to double their utilization, which leads to greater downstream impact on ROI. Check out this article detailing the hidden value of hearing health care.
I’ve definitely learned about the importance of a call center that offers concierge-level service to members. Amplifon spends, on average, three times longer than most insurance call centers.[5] Besides answering members’ questions, we schedule their visit with a hearing care provider, and we send them appointment reminders, timely educational emails, provider follow up, etc. to assist members through their hearing care journey.
One question I hear frequently is “Why do you encourage members to contact you directly rather than sending them to a provider portal?” While we do give members the option to access care via our provider locator, we understand the value of interaction with our knowledgeable team. For most people, hearing loss is a difficult health condition to navigate. Also, members typically have a lot of questions and concerns, such as what to expect from their provider and how their benefit works. In many cases, a caretaker or family member is involved in a call, so we make certain we follow HIPAA and TCPA-protocols.
In summary, our concierge-level service plays a major role in ensuring a positive member experience, and it’s a big reason why our member experience measures exceed the scores of 5-Star health plans.
One key advantage Amplifon has over other hearing benefit administrators, as I discovered, is the access to care we afford to members.
If you’ve dealt with other administrators, you’ve probably been told that there are “thousands” of providers in their hearing care network. In reality, the product formulary that comes with their benefit significantly reduces the number of locations where your members can actually receive care.
Here’s why: Providers typically offer one or two brands of hearing aids. The problem is, most administrators are owned by hearing aid manufacturers, and their formularies are limited to the brands made by each manufacturer. Consequently, the hearing benefit steers your members to the providers who offer their specific brands of hearing aids. This means, of course, that the real-life network may be only a fraction of the size of the administrator’s overall stated network. For additional insights into this topic, I encourage you to read this article.
As a hearing benefits administrator not owned by a manufacturer, Amplifon works with all leading manufacturers, and our formulary contains nearly 800 product options representing up to 10 leading brands. As a result, your members enjoy access to our full network of 8,800+ provider locations — which means more convenient care, a hearing solution that’s tailored to their specific needs, and an overall more positive experience.
I’ve been genuinely impressed by the depth of Amplifon’s leadership in developing and elevating hearing benefits — all with a clear focus on delivering an exceptional member experience while driving stronger ROI for our partners. Our commitment to innovation truly differentiates us from administrators who are satisfied with offering a “check-the-box” benefit that rarely evolves.
One area I’m especially passionate about is our Amplifon-branded hearing aids. Typically with company-branded products, features and functionality are scaled back to reduce cost. What sets Amplifon apart is that we’ve done the opposite — enhancing features and performance while still maintaining an affordable price point.
When I look at this and the many other innovations we bring to market, I’m proud to be part of Amplifon. Even more importantly, these advantages help position our partners as true “heroes” in the eyes of their members.
Wrapping It Up: What Separates Amplifon
From lessons learned during my first year with Amplifon, I now look back on my years of working as an insurance broker and realize that ignoring a hearing benefit or settling for a 'check-the-box' benefit is a major mistake. The stakes are simply too high, especially when you consider the critical importance of hearing health care and consequences of untreated hearing loss. If you haven’t done so already, I urge you to review and update your health plan’s hearing benefit to deliver a better member experience. An Amplifon hearing benefit may be exactly what your members need and want. Our white-glove service, extensive product formulary, industry-leading innovation, and other advantages represent a superior option that will help boost member utilization and deliver welcomed additional ROI for your health plan.
Our Expert
Connect with me[1] https://www.ncoa.org/adviser/hearing-aids/hearing-loss-america/
[2] https://www.hearingloss.org/wp-content/uploads/HLAA_HearingLoss_Facts_Statistics.pdf
[3] https://www.nidcd.nih.gov/health/age-related-hearing-loss
[4] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7921897/
[5] https://infra-cloudfront-talkdeskcom.svc.talkdeskapp.com/talkdesk_com/2021-Talkdesk-global-contact-center-KPI-benchmarking-report-sl_swap.pdf
Good hearing matters