Coates Hearing Clinic

Call now

Description

FRANCHISE OPPORTUNITY

COATES HEARING CLINIC

Invest In a Better Quality of Life for Both You and Your Patients.

JOIN A BRAND THAT’S IMPROVING LIVES IN A $14+ BILLION INDUSTRY.

The global hearing aids industry is projected to generate $34+ billion by 2032, expanding at an 11.7% CAGR** (Compound Annual Growth Rate).

Environmental factors, illness, and a demographic shift towards an aging population means that the number of patients experiencing mild to moderate hearing loss continues to grow.

More than a hearing aid provider, Coates Hearing Clinic is a medical practice that offers comprehensive audiological services. Patients want more: a personalized approach to treatment for hearing loss from a trusted professional. As more people turn towards tailor-made, innovative technological solutions for better hearing health, this is a franchise opportunity you don’t want to miss:

Rapid ROI
Growing demand, low product costs, and high margin potential means that motivated franchisees can see immediate profitability, generating substantial revenue from day one.

Brand Positioning
Gain a competitive edge from Coates Hearing Clinic’s unique combination of competitive hearing aids pricing coupled with a high-end boutique medical clinic experience.

Multiple Revenue Streams
Benefit from diverse and recurring revenue from hearing aid sales, diagnostics, patient service plan options, as well as the opportunity to expand to additional services like vestibular testing or cochlear implants.

Established Protocols
Enjoy ease of startup with procedure manuals for every facet of operations from front desk and lab/audiology assistant operations to audiologist protocols, putting you light years ahead of a new audiology startup on day one.

Research-Backed Best Practices
Achieve optimal outcomes and a high rate of patient referrals and retention by utilizing evidence-based practices and the latest diagnostic/treatment techniques and technology.

Lower Cost of Goods
Benefit from industry-leading pricing discounts and higher margins thanks to years of negotiation and relationship building with manufacturers.

EMPOWERING OUR CLIENTS TO RECONNECT TO THE BEAUTY OF SOUND.

Coates Hearing Clinic is a family-owned audiologic clinic owned by Dr. Kathleen Coates and her husband, Jordan. Because we are a medical practice, not just a retail hearing aid dealer, patients’ interests are at the center of every decision.

Utilizing evidence-based, research-backed practices and state-of-the-art testing equipment, we offer world-class audiological care in a comfortable, upscale clinic environment.

Our system means that patients never have to pay more for our world-class service than they would at a chain hearing aid store. We accept most major insurance plans and have developed a price-match program that allows patients to see some benefit from their insurance discount programs without having to shop around. Thanks to years of price negotiations with manufacturers, our standard hearing aid pricing is lower than most chain retailers. Instead of missing the revenue from those “3rd party discount” patients, our unique pricing program keeps them and their revenue in-house AND provides them with better care than they could get anywhere else.

Our patient-first approach creates a first-class experience for our patients and our proven business model generates revenue quickly and consistently. Coupled with a staff profit-sharing plan that incentivizes revenue generation and efficiency, a Coates Hearing Clinic franchise offers a lucrative investment opportunity for audiologists and entrepreneurs alike.

COATES HEARING CLINIC FRANCHISE PARTNERS.

For audiologists, this is an unbeatable opportunity to build your own patient-centered practice. Not only have we ironed out the business details, but our consultants and billing service providers make insurance a hands-off process. You’ll use our proven methods, protocols, business practices, marketing strategies and SOPs to hit the ground running. Rather than a steep learning curve, you’ll benefit from a continuation of the systems that have made the Coates Hearing Clinic corporate locations successful and profitable from year one.

For non-audiologist entrepreneurs, this is your chance to take advantage of the growing demand for audiologic services using a proven business model. Being a medical practice lends immediate credibility to the services provided, giving franchisees a significant competitive edge over hearing aid only chains.

Whichever category you fall into, we’re seeking candidates who are dedicated to providing an unparalleled experience for patients. From office aesthetics to billing to the services rendered, you should aim for customer satisfaction above all. It’s not just the right thing to do…it’s good for business. We’re looking for:

Company Culture Buy-In
A Patient-First Attitude
Schedule Management Skills
Strong sales abilities
Problem-Solving Proficiency
The Desire to Treat Patients the Way You’d Want Your Family Treated

WE’RE HERE TO HELP YOU SUCCEED.

As hearing and practice-management experts, we understand the importance of good processes and procedures. That’s why we designed our training and support program to answer all your questions so you can hit ground running. Launching a new business can require a lot of hard work, but as a Coates Hearing Clinic franchisee, you’ll have a dedicated team of experienced professionals in your corner to help carry that burden. We offer:

Foundational Training:
Our one-on-one training will provide all the necessary knowledge to run your own Coates Hearing Clinic.

Continuing Support:
From opening day to daily operations, we’re always just a phone call away if you need help.

Complete Resource Library:
We’ll provide professionally designed branded handouts with up-to-date information along with a vast library of marketing materials, accessible to you at all times.

Impactful Marketing:
Grow your client base by leveraging our established brand, messaging, SEO strategies, and detailed marketing plans.

Effective Recruitment:
We’ll help you recruit competent, kind, experienced professionals who share your vision of patient care and clinic success. We’ll help you find the right people and incentivize them (through pay plans and benefits) so that they stay happy and productive.