HealthLeaders Media July 5, 2024
Disruptors are discovering that healthcare can’t be run like a shopping center
KEY TAKEAWAYS
– Walmart has sold off its MeMD virtual care platform to telehealth startup Fabric
– The deal follows similar struggles by Walgreens, CVS Health, Rite Aid and even Amazon to crack the primary care space
– While disruptors say consumer-facing retail strategies can improve the healthcare experience, they haven’t yet found a model for sustainability.
Another disruptor is exiting the primary care space.
Walmart has announced the sale of its MeMD virtual care program to Fabric, a one-year-old telehealth startup whose healthcare partners include OSF HealthCare, MUSC Health, Highmark, Luminis Health, and Intermountain Health. The move comes just months after the retail giant announced the closing...
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