A device and method for the diagnosis and/or treatment of any one or more of hearing loss, tinnitus and hyperacusis. The device is configured with programming to enable a patient to select from one or more program blocks that establish sound amplification and sound generation functions and to control adjustment of sound amplification and/or generation within a range. A single device of the invention can be used to detect and/or resolve a plurality of conditions including hearing loss, tinnitus and hyperacusis. The acoustic modulator device of the present invention enables effective tinnitus treatment, effective hyperacusis treatment and effective treatment when both exist. The method also includes a graduated process for building patient tolerance to noise amplitude when the patient has hyperacusis including doing so to allow the patient to reach a tinnitus threshold point.