In April, Walmart (NYSE: WMT) announced it would close its 51 health centers and virtual care programs, including several behavioral health programs. The company declared that its health segment simply did not offer a “sustainable business model” for it to continue. When Walmart Health launched in 2019, it set out to expand access to care and boost price transparency – two things the behavioral health world especially could have benefitted from. And behavioral health offerings were a substantial part of what Walmart’s health care arm did. However, at the end of the day, the math didn’t work out. Since then, behavioral health industry insiders have wondered, if Walmart, with its infinite scale, can’t crack retail health, then who can?
Read the full article: Why the Very Things That Made Walmart Health’s Behavioral Efforts Unique Ultimately Led to Its Downfall //
Source: https://bhbusiness.com/2024/05/29/why-the-very-things-that-made-walmart-healths-behavioral-efforts-unique-ultimately-led-to-its-downfall/