- Hearing loss affects a considerable number of older adults; one-third of 65-year-olds and half of 75-year-olds suffer from some hearing impairment
- In an increasingly aging society, this could quickly become a public health problem as it is associated with high societal and healthcare costs
- INND continues to disrupt hearing healthcare; committed to providing game-changing hearing technology in a potentially growing market for hearing aids
- InnerScope’s launches its hearing aids on FSAstore.com, HSAstore.com, and WellDeservedHealth.com consumers enrolled in flexible spending accounts (“FSA”), health saving accounts (“HSA”), and employers’ health incentive programs
InnerScope Hearing Technologies (OTC: INND), a hearing health technology company that manufactures, develops, distributes, and sells innovative hearing health-related products, solutions, and treatments, appears poised to enhance the quality of life for around 70 million Americans suffering from hearing-related problems and to contribute to the improvement of their mental and physical well-being.
Age-related hearing loss — also called presbycusis — is a common condition in older adults. It is estimated that about one-third of 65-year-olds and half of 75-year-olds suffer from some hearing loss. The condition considerably impacts the quality of life of affected people, hindering their ability to communicate with their environment and function in society (https://ibn.fm/N7eXz).
With such a negative impact on their social lives, it comes as no surprise that the disease is linked to a higher incidence of depression, anxiety, and dementia. A National Institute on Deafness and Other Communication Disorders study revealed that more than 11% of adults with hearing loss also suffer from depression, compared with only 5% of the general population (https://ibn.fm/LmcgE). Hearing loss also coexists with higher levels of anxiety and is associated with higher rates of dementia, especially when coupled with visual impairment (https://ibn.fm/phr0L). It is also strongly associated with higher cognitive and physical impairment. Given numerous associated health risks, hearing loss burdens affected individuals, their families, and the economy as it leads to higher healthcare costs. In an increasingly aging society, this is becoming a critical public health concern.
Despite a high prevalence of hearing loss, only about one-fifth of people who could benefit from a hearing aid seek intervention, and even fewer take advantage of technology that might help them. This means that there is a large population of patients living with unmet healthcare needs (https://ibn.fm/Uv72J).
This is where InnerScope can offer solutions that can change the lives of millions of Americans suffering from hearing loss. As a direct-to-consumer manufacturer, distributor, and retailer of FDA-registered Bluetooth app-controlled self-adjusting hearing aids and personal sound amplifiers products, the Company is poised to empower consumers to take control of their hearing care.
InnerScope recently launched its hearing aids and related hearing products on FSAstore.com, HSAstore.com, and WellDeservedHealth.com for the 70 million consumers enrolled in flexible spending accounts (“FSA”), health saving accounts (“HSA”), and employers’ health incentive programs. InnerScope partnered with the online retailer and industry leader in the U.S. tax-free healthcare market. Moreover, InnerScope’s hearing aids and related hearing products qualify as eligible products for FSA and HSA users and is the only company on the retailers’ websites to offer hearing aids.
The Company is committed to bringing hearing healthcare to customers’ homes by providing top-quality, affordable access to hearing aids without the need to see a hearing professional or go to a hearing care clinic. The Company continues to revolutionize the hearing healthcare landscape despite being in the retail hearing device business for over 70 years.
By delivering the same quality of medical-grade hearing technology and the same level of expert support at a fraction of the cost of traditional channels, InnerScope strives to remove barriers to hearing healthcare for millions of people suffering from hearing impairment.
NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND
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