Walmart to offer health-care services to self-insured employers
This is the first time Walmart has made such an agreement to offer its prices on pharmaceuticals and other health care services to employers.
Walmart will leverage its marketplace clout to offer health care services to self-funded employers. The retail giant announced it is teaming up with Transcarent, a consumer-directed platform for employees of self-insured employers and their families.
This is the first time Walmart has made such an agreement to offer its prices on pharmaceuticals and other health care services to employers. The partnership aims to allow employers to offer more convenient care and cost-effective health and wellness options.
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“We are committed to providing care to customers and the communities we serve through an integrated, omnichannel approach that improves engagement, health equity and outcomes,” said Dr. Cheryl Pegus, executive vice president of health and wellness at Walmart. “Most of America lives within 10 miles of a Walmart, which makes us uniquely positioned to deliver the right care at the right time in the right way. We are proud to bring our size and scale to make it simple to live healthier and leverage our collaboration with Transcarent to reach even more people where they live and work.”
Walmart’s omnichannel offerings include retail and specialty pharmacy services; optical services; national telehealth services that include a focus on behavioral health; Walmart health centers; prescriptions, over-the-counter medications; a variety of immunizations; and COVID-19 drive-through testing in select locations.
Transcarent’s health and care experience will serve as the on-ramp for self-insured employers and their employees to a 24/7 personalized health and care experience for the most common and challenging needs. Employees and their families easily will be able to engage Transcarent’s health guides and extended clinical team either through Transcarent digital offerings, Transcarent’s centers of excellence or Walmart’s in-community clinics. Employers have no upfront or per-employee-per-month fees, because Transcarent offers a fully at-risk model. Transcarent also pays health systems upfront for surgeries.
“Together, Walmart and Transcarent have the scale and innovation required to transform the way health and care are delivered and paid for across the nation, regardless of a person’s economic or geographic situation,” said Glen Tullman, CEO of Transcarent. “Transcarent is putting employers and employees back in charge of their health and care. Employees can trust that Transcarent will focus on value and quality first, provide clear and unbiased information, offer a full range of choices and share the rewards with employees that their better health decisions generate.”
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