Economic Insider

InnerScope Hearing Technologies (OTC: INND):” Providing Affordable, High-Quality Hearing Aids to Millions of Americans

Image commercially licensed from: Unsplash

 

Hearing loss is a common issue affecting millions of people worldwide, and it can significantly impact people’s quality of life, leading to isolation, depression, and cognitive decline. Unfortunately, many people with hearing loss go untreated due to the high cost of hearing aids and the inconvenience of traditional hearing care models. However, InnerScope Hearing Technologies, trading on the OTC Market under the stock symbol (INND), is changing this narrative by providing affordable, high-quality over-the-counter hearing aids directly to consumers.

 

InnerScope’s mission is to offer a new approach to hearing care by moving it out of clinics and into people’s homes. Through its innovative Over-the-Counter (OTC) Direct-to-Consumer Hearing Technology Market model, InnerScope is breaking down barriers to access and creating new opportunities for those needing hearing aids. InnerScope delivers the same quality and support as traditional brick-and-mortar channels but at a fraction of the cost.

 

According to the National Institute on Deafness and Other Communication Disorders (NIDCD), approximately 37.5 million American adults have some degree of hearing loss, and this number is expected to increase to 50 million by 2050. Yet, only one in four people who could benefit from hearing aids have used them. The high cost of traditional hearing aids is one of the primary reasons people go without treatment. However, InnerScope’s HearingAssist and iHEAR brands offer FDA-registered OTC rechargeable hearing aids at prices that start at $499 for a complete set.

 

InnerScope’s hearing aids include professional remote programming and support services with one of its Doctors of Audiology and licensed hearing professionals, ensuring users receive the best care and support. In addition to its affordable pricing, InnerScope has created an innovative in-store model that uses point-of-sale Hearing Screening Kiosks located in large retail and pharmacy chains. As a result, consumers can take a quick and easy hearing screening test and purchase an over-the-counter hearing aid on the spot. In addition, this model makes InnerScope’s OTC hearing aids accessible to consumers nationwide.

 

InnerScope has also launched its hearing aids and related hearing products on FSAStore.com HSAStore.com, and WellDeservedHealth.com, These online stores make it easy for the 70 million consumers enrolled in flexible spending accounts (FSA), health saving accounts (HSA), and employer health incentive programs to access InnerScope’s OTC hearing aids and related products.

 

InnerScope’s hearing aids are FDA-registered, over-the-counter medical-grade rechargeable devices that offer Bluetooth app-controlled features with full audio-streaming and hands-free phone calls. The company also provides hearing aid cleaning supplies, ear care products, and batteries. These products are designed to help consumers take control of their hearing care and improve their quality of life.

 

InnerScope’s full line of its HearingAssist and iHEAR branded Hearing Products is currently available through these multiple retail/wholesale distribution channels: Walmart Vision Centers, Walmart.com, Walmart Canada, CVS.com, Walgreens.com, RiteAid.com, Target.com, BestBuy.com, Amazon.com, AmerisourceBergen, Cardinal Health, Cardinal Health™ at-Home, Carewell.com FSAStore.com, HSAStore.com, WellDeservedHealth.com, Fingerhut.com, Giant Eagle / Hy-Vee / Hartig Drug / Food City / Wakefern Food Corp. / ShopRite / SpartanNash / VG’s Grocery /  Family Fare  / Martin’s Super Markets  / Kholl’s Pharmacy & Homecare and Topco Associates representing 15,000+ store locations.

 

This vast distribution network ensures that InnerScope’s hearing aids are accessible to millions of Americans. InnerScope’s innovative approach to hearing care has already helped thousands of people improve their quality of life, and it is poised to help many more. By offering affordable, high-quality OTC hearing aids and breaking down barriers to access, InnerScope is leading the way in improving people’s quality of life and empowering them to take control of their hearing care.

 

For more information, you may visit their website at www.innd.com.

Serhii Kukunin: “Success usually comes to those who are too busy to be looking for it” (Henry David Thoreau, philosopher)

In recent years, there has been dynamic growth in high technologies. The development of software has become increasingly important, as it is extremely necessary for communication between users and stakeholders in every sector of society. The impact of software is particularly noticeable in the healthcare industry, especially in medical insurance.

Many specialists are involved in the process of software development, but developers play a key role in writing programs. Additionally, they oversee the entire life cycle of software development. Serhii Kukunin, an expert-level software developer with 15 years of experience and the leader of large-scale international IT projects, knows firsthand about all the difficulties of this profession. He is currently working on one of these projects.

The text is about EasyHealth Inc., a leading startup in its field, which is a digital platform for distributing medical services based on technology. EasyHealth aims to achieve better health outcomes through medical expertise. One of the main services provided by EasyHealth is to support users in finding Medicare Advantage plans covered by private insurers and other Medicare supplements.

Under the technical leadership of Serhii Kukunin, EasyHealth has become one of the fastest-growing partners in the medical insurance industry. The start-up’s growth was also greatly facilitated by raising $135 million in equity and debt financing at the end of 2021. This has led to successful contracting with major health plans and provider groups including United Healthcare, Bright Healthcare and Alignment Health.

Our hero started his career with the company as an independent contractor in Ukraine. Despite the distance, Serhii did everything in his power to get the project off the ground. After 10 months of working with EasyHealth, he moved to the United States and officially became the company’s second technical employee.

Applying his technical expertise and knowledge, the Ukrainian programming genius developed all the main aspects from scratch, including defining the infrastructure, implementing the “Infrastructure as Code” solution, and monitoring the system using alarm signals. This played an important role in improving constructive solutions to meet business needs and transitioning the startup from a medical insurance agency to service provider for other agencies working in this direction.

Thanks to the high productivity and efficiency of the work process of Mr. Kukunin Ukrainian developer EasyHealth, the company began to expand. And when in May 2022 the company launched the AgenX project, Serhii readily agreed to take on the leadership of the new direction. As an integral member of the project team, he single-handedly led the roadmap. Within the first two weeks, he built the Proof of Concept based on his contribution to the first project, and then continued development, improving the quality processes of language, framework, logging and monitoring system, as well as the release process.

Working at the company for the third year, Serhii Kukunin not only continues to demonstrate exceptional professional abilities, but also skillfully applies his leadership qualities. When new tasks arose during the project implementation and the need to expand the team of programmers emerged, he not only recruited new team members himself, but also adjusted the process to support them. Serhii implemented methods that allow for flexibility in requirements without compromising quality, while maintaining stability and scalability in the production environment.

The position of the head of the technical group in the AgenX department has become another step up in his career. Today, he collaborates directly with the Chief Operating Officer and Co-Founder of the company, Aaron Schiff, overseeing all stages of product development – from participating in business discussions and priority meetings to providing feedback and recommendations that could improve the product.

EasyHealth Inc. became the third company on Serhii Kukunin’s impressive resume, following Matic Insurance Services and Spotlight Media Labs, where his extraordinary abilities and professionalism were one of the main reasons for their success. EasyHealth Inc. has no doubt reached its current level of technological innovation and reputation largely due to the technical competence and significant creative contribution in the early stages of the startup by a unique software developer and programming master from Ukraine, Serhii Kukunin, who made a name for himself.