I've written about health care for three decades, starting from my native Iowa where I covered the presidential campaign bus rides of Bill and Hillary Clinton through the Hawkeye state talking health reform and the economy.
sustainable business model, the company disclosed Tuesday. The move means 51 Walmart Health primary care clinics in five states will close in the next three months. Also closing is Walmart 's virtual healthcare business. Walmart is closing its Walmart Health centers and virtual care business, saying the retail giant doesn’t see a sustainable business model in primary care ., which is the retailer’s telehealth business.
But Walmart executives said the business environment became increasingly more difficult to recruit healthcare professionals and physicians amid a U.S. healthcare staffing crisis and a tight labor market.Other operators of primare care clinics are also facing staffing issues. For example, physician-owned primary care practices are still reeling from a loss of support staff since the beginning of the pandemic, down 40% per doctor since 2019, according toPhysician-owned practices had just 3.
But Walgreens, which made a multi-billion-dollar investment with VillageMD, has struggled somewhat by expanding too fast and being unable to fill patient panels in certain markets it is now exiting. Walgreens last month reported a loss of nearly $6 billion in its second quarter due largely to the loss in value of its VillageMD investment.
Walmart Health Primary Care Walgreens Villagemd
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