There are many buying groups that audiologists can join. What if you could be a part of a group that was started by audiologists, is 100% owned by hearing health care providers, and gives back all of its profits to the private practice members that own it? Now you can… with the Entheos Audiology Cooperative.
Being 100% member-owned means that every member has a stake in the success of our organization. Members benefit from shared resources, governance, and a voice in decision-making, fostering a collaborative environment where everyone’s contributions are valued. This cooperative structure promotes a sense of ownership and collective growth.
Best Practices lead to the best patient outcomes. When a patient visits an Entheos-member practice, they will know that they are receiving professional and comprehensive care. Entheos members receive industry-specific management consultation and discounts on supplies to support this commitment. Letting them raise the bar for patient care.
The give-as-you-go model benefits patients, communities, and the future of hearing health care. The team at Entheos can help you implement a strong, sustainable community-service model that can also benefit your for-profit business. Members support give-as-you-go efforts of fellow members at home and abroad.
Entheos was started in 2014 by private practice audiologists. They had been a part of a different buying group but were turned off by the cookie-cutter approach to patient care and the “top-heavy” flow of resources going to the founder of the buying group and not the audiologists. They had tried traditional marketing but year-after-year saw dwindling returns. In fact, the last mailer they ever tried got three calls, all to ask them to “take me off the list!” And they were looking for ways to be better leaders in their practice, ways to inspire and motivate their employees, to go the extra mile and deliver extraordinary patient care, every time. When they thought about it, the best information they received to grow their practice was from other practice owners at conferences!
In 2011, they left the buying group they were in and focused on starting a local nonprofit. It was a couple of years of hard work and learning the hard way, but by 2013 the nonprofit was thriving and so was their private practice. Trust was being built in their community and patients were proud of supporting the larger cause of quality hearing healthcare. Now, instead of paying for ads in the newspaper, the newspaper was writing articles about what they were doing to make the community better.
How can this model be shared? Through a cooperative focused on recruiting members who share a passion for patient care and expanding their influence in their communities in order to leave a legacy.
Entheos will grow to 99 members because we believe in creating a close-knit community of like-minded hearing care providers, where every member can openly share. Every member is protected within their geographic location.
Nothing moves our hearts like the “hearing smile”: the radiant look of joy that spreads across a patient’s face that first time he or she can hear sound after years of silence. The power of that first connection drives us.
Entheos Audiology Cooperative was founded on the principle that the practice of hearing healthcare is a privilege. We believe that a give-as-you-go model is a tremendous way to serve your patients and community, while achieving the goals of independent practice ownership. We also firmly believe that the key to reinvigorating practitioners is reconnecting them with the meaning of what they do everyday and highlighting these efforts in their communities in a new light. At Entheos, our goal is to connect people to greater meaning and allow their talents to shine. We put the focus on people, not the bottom line.
A cooperative, or co-op, is an organization owned and controlled by the people who use the products or services the business produces. Cooperatives differ from other forms of businesses because they operate more for the benefit of members, rather than to earn profits for investors. One of the greatest perks of having a cooperative model in business is the democratic approach to ownership.
Entheos is governed by 12 Board of Directors, 11 private practice members and one attorney. The board is elected by the members, and all members get one vote no matter how big or small their practice is.
As a member-owned cooperative, The Entheos Board of Directors is composed of all Private Practice owners who serve to direct and protect the vision and the finances of the cooperative.
Entheos Audiology actively maintains a very low overhead, so it can invest in services to help you grow your business. Please meet our team of professionals working for the benefit of you.