Becker's Healthcare June 12, 2024
It’s been a tough year for retail healthcare disruptors, with organizations such as Walmart, Optum, Walgreens’ VillageMD and Dollar General all shuttering or scaling back services.
For Walmart, the decision to close its 51 clinics and telehealth offerings stemmed from a “challenging reimbursement environment” and rising operating costs, resulting in a lack of profitability. Optum shut down its telehealth business after three years and Dollar General ended its mobile clinic pilot 18 months after launch.
VillageMD has exited Nevada, Florida, Illinois and Indiana, and sold several of its Rhode Island locations as part of majority owner Walgreens’ plan to cut $1 billion in costs this year. Walgreens posted a $5.8 billion loss in the second quarter, driven by the devaluation...
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