HealthLeaders Media May 2, 2024
‘Lack of profitability’ is causing the company to retreat from the healthcare space.
KEY TAKEAWAYS
– Walmart is closing all 51 of its health centers and ending its virtual care services, highlighting the challenging environment for retailers aiming to secure a strong foothold in healthcare.
– While Walmart and Walgreens have pulled back on their primary care business, other retailers like Amazon and CVS continue to invest in clinics.
– Challenges like reimbursement, labor costs, and real estate expenses are putting a dent in brick-and-mortar offerings and causing retailers to rethink their strategy.
Walmart’s plans to disrupt healthcare ended abruptly this week as the company announced the shuttering of its health clinics and virtual care business, representing a significant step...
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