LEXINGTON, KY., September 29, 2015 – The Academy of Doctors of Audiology (ADA) studied with interest the Hearing Industries Association (HIA) September 15th release, “HIA Statement on earVenture, LLC.”
The HIA Statement, which posed provocative questions about ADA’s ownership stake in earVenture, LLC, came just one day after the launch of the innovative start-up company, co-founded by IntriCon and ADA for the purpose of delivering hearing instruments and educational resources that offer unprecedented value for audiologists and their patients. Given the unusual manner, content, circumstances and venue whereby the HIA Statement was released, ADA is compelled to publicly respond.
- ADA’s ownership position in earVenture supports ADA’s mission to advance the professional interests of its members, the autonomous practice of audiology and clinical and business best practices.
- There is no requirement, stated or implied, for ADA members or other providers to purchase devices from earVenture.
- All licensed audiologists are eligible for membership in ADA, ensuring the same access to discounts for earVenture products and services for the entire audiology community.
- earVenture is operated independently from ADA.
- Any profits returned to ADA from its partial ownership of earVenture will be used to advance ADA’s mission, programs and advocacy initiatives, like the 18x18 effort.
- ADA board members shall receive no private benefit or inurement by virtue of ADA’s investment in earVenture.
“ADA assures HIA and all stakeholders that ADA’s participation in the formation of earVenture aligns perfectly with ADA’s mission to advance the autonomous practice of audiology and best clinical and business practices,” said ADA executive director, Stephanie Czuhajewski. “In addition, earVenture beautifully supports some of HIA’s most prominent initiatives and tenets.” Click here to read the complete press release
About ADA
Established in 1977 by nine practitioners, the Academy of Doctors of Audiology (ADA) is the only national organization dedicated to audiologists in autonomous practice. ADA and its members strive to epitomize practitioner excellence, high ethical standards, professional autonomy and sound business practices in the provision of quality audiologic care. For more information, visit www.audiologist.org.
