I have been working as an acoustic engineer pretty much my whole career, and I can also tell that everything more than $100-200 is absolute nuts.
Where does that come from??? Sure - any of the "high end" receivers are 10-20$ (but the IEM makers put 6 of them in an ear) - but the really high level low distortion balanced armature receivers are about 50-70$ each. You need both high volume and low distortion.
Add their low distortion low power (no high voltage bias available) microphones for a low distortion system and you are way over 100$ per ear before the actual DSP, energy management and amplification happen.
While nowhere near the $5-10k price charged by Siemens or Bernafone or Widex - but also the OP does not have to (by law) verify his in ear response against a Bruel and Kjaer dummy, nor offer a programming system, or a catalog of spare parts and support.
If I were the OP and really up to it - I'd build a big "around the neck" device. Build the parametric filters into it (DSP), a limiter (so as not to hurt the hearing) - maybe even some Dolby type compression to allow limiting but not annoying clipping.
If it works - I'd then try to miniaturize it.
Last point if they are to buy a device, I'd scour the hearing loss forums for manufacturers that are lax in their programmer cable and software - so that if the audiologists don't do a stellar job - one could tailor the settings to their preference.