Becker's Healthcare June 14, 2024
Walmart Health announced April 30 that it is closing all 51 of its clinics and shutting down its virtual care options.
Here are five key notes on the closure:
1. Following the announcement, health system leaders told Becker’s they’re not surprised by the failure of Walmart Health due to the financial challenges of healthcare and the difficulty of providing primary care at scale.
“Walmart, like Walgreens and Amazon and others before them, are experiencing the reality that healthcare systems have had to contend with for years,” David Sylvan, chief strategy and innovation officer of Cleveland-based University Hospitals, told Becker’s “A compressed reimbursement environment, operating and supply chain inflation, and of course, increased workforce costs, have all but eroded the majority...
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