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An Audiologic Care Delivery Model for the 21st Century

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1.  All prices should reflect: An understanding of your personal breakeven analysis An understanding of your third-party payer fee schedules An understanding of the prevailing rates in the area All of the above

2.  Breakeven analysis is: What does your practice need to bring in per hour per full-time equivalent provider to cover your expenses (salary, overhead, calibration, fixed costs, benefits, annual fees, etc.) What third-party payers pay you per procedure Gross revenues per hour Usual and customary rate

3.  Per the presentation, what is a pro for bundling hearing aids prices? Easy What everyone else does Price transparency A and B

4.  According to the presentation, what is bundling in the hearing aid dispensing world? Charging for all of your hearing aid product and service costs, as well as your professional fees, under one, singular price (and code) Including all of the items and services associated with the hearing aid selection, fitting, and defined period of long term care to the patient or payer under a single price (and code) Charging the patient separately for service A and B

5.  Per this presentation, what is a pro of unbundling/itemization? Collecting the amount you need to cover your costs and make a profit (price based on something tangible) Allows for increased reimbursement with most managed care situations Makes you price competitive Allows for some potential marketing advantages All of the above

6.  Which one of the following applications is currently an online hearing aid application? Clik Bean Ear Machine Amp

7.  PSAP stands for: Personal Sound Amplification Product Personal Sound Audio Piece Private Sound Amplification Product Personal Sense Awareness Product

8.  According to the presentation, what is a con of a bundled pricing model? Not how insurance pays for items and services Prices are not transparent. Increases patient costs for many All of the above

9.  Which private insurance company, through a subsidiary, currently dispenses hearing aids direct to members? Blue Cross Blue Shield United Healthcare Aetna Humana

10.  Who determines what an individual can charge in a restocking or cancellation fee if an patient returns a hearing aid for credit? The audiologist and their practice The state the patient was fit in National audiology associations A and B