Hearing Aid and Battery Data
These simple calculations will help you determine if your battery business is as big as it should be.
Gross hearing aid battery income:
*This is based off the average life of an aid.
**This is based off the average number of cells a customer goes through in a year which is 40 batteries.
***This is the amount that is possible with 100% retention on your battery business.
Determine your retention rate:
Approximately 50% of patients purchase their batteries elsewhere.
- If your patients buy batteries from a competitor, how can you be sure they will buy their next set of devices from you?
- Have you leveraged batteries to insulate your patients from the competition?
- Have you leveraged batteries as an additional revenue sources for your practice?