Behavioral Health Business April 30, 2024
After five years of operation, Walmart (NYSE: WMT) has decided to close its health centers and virtual care program.
The retail giant determined that Walmart Health, which included a variety of behavioral health programs, did not have a “sustainable business model for us to continue.”
The news could signal more considerable challenges ahead for retailers who have entered the health care market.
“Walmart is known for being the most efficient, the most scaled [retailer],” Corbin Petro, founder of Eleanor Health, health care advisor and board member, told Behavioral Health Business. “If anyone can do something profitably based solely on scale, it’s Walmart. They can figure it out. And the fact that they haven’t is really alarming. If they can’t figure...
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