On April 30th, 2024, Walmart made the announcement that it is closing its health centers and virtual care service stating they were having difficulties finding success with the offerings. The initiative was launched in 2019, but since the company has had a tough time in the market of health.
This translates to also closing any dental services the company was offering.
The company had opened 51 health centers in five states and had worked on expanding its telehealth program, but stated "there is not a sustainable business model for us to continue".
Walmart stated that "the challenging reimbursement environment and escalating operating costs create a lack of profitability that make the care business unsustainable for us at this time."
They had previously announced plans in March 2023 to open 28 health centers in 2024. These would have been focused in Dallas and Houston. The company had also planned to open centers in Phoenix and Kansas City.
As practicing dentists know, the business side of things has been more difficult since the pandemic and it seems that even major retailers entering the market have experience similar issues.
The Associated Press has a more detailed story, which can be found by following this link.
No comments:
Post a Comment