Walmart's warehouse arm, Sam's Club, rolls out pilot healthcare program to members

October 08, 2019
Digital Transformation More...
by Danielle Bradnan
Very important

Walmart's partnerships with telehealth provider 98point6 and diagnostics giant Quest not only reduce healthcare prices but also stabilize the company's outlook. Walmart's business model has historically been based on selling cheap goods from China at low prices and then leveraging its buying power over other manufacturers to reduce prices from local producers. With a trade war underway and increasing talk of an economic downturn, by meeting consumer demand for affordable (and largely preventative – read: lower-cost) healthcare, Walmart is bracing itself against economic uncertainty. Clients should be looking to branch into healthcare not only for financial ROI, but also as protection against similar uncertainties.

For the original news article, click here .

Further Reading

Reebok and Abercrombie & Fitch Co. partner with thredUP, a "Resale-as-a-Service" platform

News Commentary | April 29, 2020

In addition to Reebok and Abercrombie partnering with ThredUp, we have seen other major apparel brands join the resale bandwagon, including H&M, Patagonia, The North face, Gap Inc., Macy's, JCPenney, and many more. Given the slowdown of the apparel industry due to the prior decline of in‑person ... Not part of subscription

Center for Medicaid and Medicare Services proposes making U.S. telehealth expansion rules permanent but will not reimburse providers

News Commentary | June 30, 2020

There are two potential consequences from the decision not to reimburse: 1) telehealth use by providers will drop precipitously, and 2) costs will be put on the consumer directly, which will either cause current advancements to fizzle or drive the creation of a more price‑sensitive market (Walmart ... To read more, click here.

Amazon launches wearable health tracker called Halo, entering steep competition with Apple and Fitbit

News Commentary | September 09, 2020

Coming in at just under $100, the device is priced on par with the most basic Fitbit offering and 30% to 50% lower than the most popular fitness trackers. The more valuable piece is the subscription‑based app, which is needed for some of the features. At $3.99 per month, subscription revenue will ... To read more, click here.