Many audiology practices face challenges ranging from low profit margins to poor patient satisfaction with hearing devices. The experts at Fuel Medical draw upon their vast knowledge and industry experience to develop solutions geared toward helping these practices thrive in a competitive marketplace. The case studies highlighted below showcase a handful of clinics we have helped in the past; we encourage you to look these over and contact us to learn more.
Case Study 1 – Audiology
A large ENT practice in the Northeast, with 10 audiologists on staff, was experiencing a low ASP (average selling price), with patients typically choosing lower-tier hearing devices. Working one-on-one with Fuel Medical, they saw immediate and impressive results.
Average Sale Price
Case Study 2 – Allergy
An ENT clinic in the Northwest wanted to add immunotherapy services to generate additional patient revenue. They teamed with Fuel Medical and within one year were seeing impressive growth in both the number of patients and annual revenue totals.
Case Study 3- Audiology
A large eight-audiologist ENT practice in the Pacific Northwest was suffering from lackluster profit margins in their audiology department and looking to increase profitability. By consulting with Fuel Medical, they implemented new processes that resulted in increased revenue and a higher gross margin.
Case Study 4 – Audiology
An ENT clinic in the Southeast wanted to increase both the number of hearing devices sold and the ASP (average selling price). After partnering with Fuel Medical, they realized a 10 percent increase in devices sold and a 14 percent increase in net revenue, resulting in a 19 percent increase in gross profit.
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