Walmart Reverses Course, Closes Down Its Walmart Health Division from fsm financial statements Watch Video

⏲ Duration: 1:30
👁 View: 34.8M times
✓ Published: 01-May-2024

Description:
Walmart Reverses Course, , Closes Down Its , Walmart Health Division.<br/>NBC reports that Walmart has announced <br/>it will close all 52 of the doctor-staffed <br/>health clinics the company operates.<br/>The announcement comes as <br/>part of the company's decision to<br/>shut down its Walmart Health Initiative.<br/>Clinics that will close down are located in <br/>Arkansas, Florida, Georgia, Illinois and Texas. .<br/>On April 30, the company also said it would <br/>begin winding down its virtual care service.<br/>The decision to end the Walmart Health Initiative <br/>will not reportedly impact Walmart <br/>pharmacies and vision centers.<br/>Walmart said that it will work to direct current patients <br/>to other providers covered by their insurance <br/>networks to ensure they continue to receive care.<br/>NBC reports that the news comes as a swift <br/>reversal of Walmart's plan to expand its number <br/>of doctor-staffed clinics to 70 by the end of 2024.<br/>Through our experience managing <br/>Walmart Health centers and <br/>Walmart Health Virtual Care, <br/>we determined there is <br/>not a sustainable business <br/>model for us to continue, Walmart statement, via NBC.<br/>Other nontraditional health care <br/>providers have also been forced to <br/>reconsider their plans in recent years. .<br/>Last month, Walgreens announced that it would <br/>close 140 of the company's primary care clinics, <br/>along with plans to shut down 20 more.