Walmart first launched its health clinics in 2019 in Dallas, Ga., with the goal of “becoming America’s neighborhood health destination.”
Just five years later, Walmart determined that its health offshoot was an unsustainable business model, citing a challenging reimbursement environment and increasing costs to operate the facilities as contributing factors.
Several physicians originally predicted Walmart being a major disruptor in the industry, alongside other major competitors including Amazon and CVS.
However, from the start the corporation faced public struggles. In 2022, Walmart laid off 200 corporate workers, including global technology workers, amid falling profits and an effort to restructure.
Additionally, the corporation was stuck settling several major lawsuits, including a $147.5 million opioid settlement in 2022.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.