{"id":50502,"date":"2022-11-04T14:02:12","date_gmt":"2022-11-04T13:02:12","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/yes-hearing-the-leader-of-in-home-hearing-services-closes-10m-series-a-to-expand-access-to-affordable-and-professional-hearing-care\/"},"modified":"2022-11-04T14:02:12","modified_gmt":"2022-11-04T13:02:12","slug":"yes-hearing-the-leader-of-in-home-hearing-services-closes-10m-series-a-to-expand-access-to-affordable-and-professional-hearing-care","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/yes-hearing-the-leader-of-in-home-hearing-services-closes-10m-series-a-to-expand-access-to-affordable-and-professional-hearing-care\/","title":{"rendered":"Yes Hearing, the Leader of In-Home Hearing Services, Closes $10M Series A to Expand Access to Affordable and Professional Hearing Care"},"content":{"rendered":"
\n

\nLed by Blue Heron Capital, the new funding will accelerate team and product expansion to bring affordable at-home hearing technology and care to millions of older adults in the U.S.<\/i>\n<\/p>\n

NEW YORK–(BUSINESS WIRE)–Yes Hearing,<\/a> the leading provider of affordable, accessible, and convenient hearing technology and audiology care, today announced that it closed a $10M Series A financing round. The investment was led by Blue Heron Capital with participation from Primetime Partners, Ensemble Innovation Ventures, Maccabee Ventures & Gaingels.\n<\/p>\n

<\/a><\/p>\n

\n\u201cHearing care is a critical component of healthy aging,\u201d said Sam Shear, Founder and CEO of Yes Hearing. \u201cThe unique challenge with hearing loss is that we tend to isolate ourselves, introduce poor lifestyle choices, and subsequently increase our risks of comorbidities that can negatively affect quality of life. We lose the ability to connect, communicate, and engage with the world around us. That can lead to major consequences for both an individual and those who love them. I\u2019ve witnessed the devastating effects on my family firsthand,\u201d he said.\n<\/p>\n

\nYes Hearing is the largest national provider of in-home hearing healthcare, operating in 50 states with a network of over 500 mobile audiologists and hearing care specialists. Since 2019, the company\u2019s patient-centered delivery model has combined audiologist-led telehealth with hands-on professional hearing care at home to increase the adoption, usage, and ongoing care for individuals with hearing loss. The company provides prescription hearing aids at upwards of 40% less than the cost in a typical clinic setting.\n<\/p>\n

\n\u201cYes Hearing is solving the nearly $20B annual hearing loss market with a novel and disruptive platform, meeting consumers and patients with hearing loss where they want to be met: in the home,\u201d said Gordon Crenshaw, Principal at Blue Heron Capital. \u201cThe company’s expansive network of audiologists gives Yes Hearing unparalleled reach to meet the needs of the millions of people in this country who are suffering from hearing loss.\u201d\n<\/p>\n

\nWith this investment, Yes Hearing plans to advance the growth and scale of its direct-to-consumer operations and accelerate the development of its proprietary home care technology platform, further strengthening its market, product, and service offering leadership. Yes Hearing will also add Todd Walrath, CEO of HomeCare.com and ShiftMed, to its Board of Directors. Todd will drive the company\u2019s continued growth nationwide and develop partnerships with payers, providers, organizations, and large-scale healthcare groups.\n<\/p>\n

\n\u201cWhen combined with both a rapidly growing population over the age of 65 plus the increased need for remote, in-home care and accelerated adoption of telehealth, the demand for Yes Hearing\u2019s services only continues to rise,\u201d said Walrath. \u201cWe are building what we believe to be the best solution for delivering quality care services and generating the best outcomes. We are building the foundation for personalized care that empowers all aspects of healthy aging where we want to be the most: at home,\u201d he said.\n<\/p>\n

\nHearing impairment is the third most common chronic condition in the United States, with nearly half of all adults over the age of 75 suffering from disabling hearing loss \u2014 yet it\u2019s estimated that less than 1 in 3 use hearing aids. Because untreated hearing loss often comes with real-world effects like social isolation, mobility challenges, increased fall risks, Dementia, Alzheimer\u2019s, and cognitive decline, Yes Hearing\u2019s solution has meaningful, positive impact on the quality of life for older adults. Hearing loss can be managed and treated, but despite this, millions of people don\u2019t receive the care they need often because of the stigma and cost associated with care.\n<\/p>\n

\n\u201cThe team has created a better delivery model that bridges the gap between the need for care and access to better in-home healthcare,\u201d said Tom Bendetti, Managing Partner at Blue Heron Capital. \u201cThe benefits of moving professional healthcare services into the home setting are vast, from delivering higher-quality, personalized, and professional care to providing patients with an increased feeling of independence, safety, comfort, and convenience, greater levels of satisfaction, and ultimately better outcomes. Yes Hearing is the clear market leader.\u201d he said.\n<\/p>\n

\nAbout Yes Hearing<\/b>\n<\/p>\n

\nFounded in 2019 by CEO Sam Shear, Yes Hearing is dedicated to improving hearing care access for millions of Americans across the country \u2014 empowering them to stay happy, healthy, and safe as they age-in-place. As market leaders, Yes Hearing delivers the most advanced hearing aids and hearing aid technology at an affordable price and provides convenient in-home and telehealth audiology services through a curated, national network of more than 500+ audiologists and hearing care specialists \u2014 the world’s largest (and still growing!) mobile network of hearing professionals. To learn more, visit www.yeshearing.com<\/a>.\n<\/p>\n

\nAbout Blue Heron Capital<\/b>\n<\/p>\n

\nBlue Heron Capital is an operationally focused growth equity firm investing in healthcare and technology-enabled business service companies. Blue Heron supports portfolio companies with a team of industry experts, including C-level executives and successful entrepreneurs with decades of experience building and managing vibrant businesses. To learn more, visit www.blueheroncap.com<\/a>.\n<\/p>\n

Contacts<\/b> <\/p>\n

\nPaige Coho
\n
Vice President of Marketing, Yes Hearing
\n
paige@yeshearing.com<\/a><\/b>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Led by Blue Heron Capital, the new funding will accelerate team and product expansion to bring affordable at-home hearing technology and care to millions of older adults in the U.S. NEW YORK–(BUSINESS WIRE)–Yes Hearing, the leading provider of affordable, accessible, and convenient hearing technology and audiology care, today announced that it closed a $10M Series … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-50502","6":"format-standard","7":"category-industry"},"yoast_head":"\nYes Hearing, the Leader of In-Home Hearing Services, Closes $10M Series A to Expand Access to Affordable and Professional Hearing Care - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/yes-hearing-the-leader-of-in-home-hearing-services-closes-10m-series-a-to-expand-access-to-affordable-and-professional-hearing-care\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yes Hearing, the Leader of In-Home Hearing Services, Closes $10M Series A to Expand Access to Affordable and Professional Hearing Care - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"Led by Blue Heron Capital, the new funding will accelerate team and product expansion to bring affordable at-home hearing technology and care to millions of older adults in the U.S. NEW YORK–(BUSINESS WIRE)–Yes Hearing, the leading provider of affordable, accessible, and convenient hearing technology and audiology care, today announced that it closed a $10M Series ... 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