Walmart to close its 51 health centers and virtual care service

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 42 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 63%

Walmart News

Care Service,Health Care,Medical Clinics

Walmart is closing its health centers and virtual care service after struggling to find success with the offerings, the U.S. retailer said Tuesday. The...

The Bentonville, Arkansas-based company said that after managing the clinics it launched in 2019 and expanding its telehealth program, it concluded “there is not a sustainable business model for us to continue.”

“This is a difficult decision, and like others, the challenging reimbursement environment and escalating operating costs create a lack of profitability that make the care business unsustainable for us at this time,” the company said in a statement.The planned closure of the Walmart Health centers comes after the company announced in March 2023 that it planned tohealth centers to some of its stores this year.

Many people who already have a doctor may be reluctant to leave, and some may not want to get care in a store or retail setting. Clinics also may have to spend a lot of money to treat and improve the health of new patients who haven’t been seeing a doctor.Walmart does not yet have specific dates for when its health centers will close, but said that it will share that information when it's available.

Source: Healthcare Press (healthcarepress.net)

Care Service Health Care Medical Clinics Care Business Sustainable Business

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coca-Cola, McDonald's, Walmart: State of the consumerCoca-Cola (KO) posted its first quarter report on Tuesday, beating expectations on both the top and bottom lines. CEO James Quincey spoke to Yahoo Finance...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Walmart launches new 'bettergoods' private label brandWalmart (WMT) has launched a new private label brand called 'bettergoods,' marking Walmart's largest private brand food launch in 20 years. The company seeks...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Walmart’s Vizio Acquisition to Undergo Full FTC Antitrust ProbeWalmart Inc.’s deal to buy smart-TV maker Vizio Holding Corp. will undergo an in-depth antitrust review by the Federal Trade Commission, Vizio said Tuesday.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Walmart Closes Health Centers, Telehealth Unit Over Rising CostsWalmart Inc. is abandoning its plan to build out a network of low-cost health clinics due to escalating costs and reimbursement challenges.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

US FTC seeks additional information on Walmart and Vizio's $2.3 billion dealU.S. lawmakers have sought for an increased scrutiny from the FTC on many multi-billion dollar deals that might risk higher prices and affect consumers...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

US FTC seeks additional information on Walmart and Vizio's $2.3 billion dealU.S. lawmakers have sought for an increased scrutiny from the FTC on many multi-billion dollar deals that might risk higher prices and affect consumers...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »