• Walmart will provide Transcarent with its everyday low-cost pricing (EDLP) for health services, including prescriptions and health supplies
Today, half of all Americans are covered by employer-sponsored health insurance. According to the Kaiser Family Foundation, in 2020, the average annual premiums for employer-sponsored health insurance were $7,470 for single coverage and $21,342 for family coverage. What’s more, employers have seen costs escalate year after year without corresponding improvements in the quality of care. And while many employers have tackled this challenge head on by offering access to many new and innovative healthcare benefits, employees and their families are often left overwhelmed and confused by a growing list of options that have yet to demonstrate an impact on health outcomes or cost.
“We are committed to providing care to customers and the communities we serve through an integrated, omnichannel approach that improves engagement, health equity and outcomes,” said Dr. Cheryl Pegus, executive vice president of Health & Wellness at Walmart. “Most of America lives within 10 miles of a Walmart, which makes us uniquely positioned to deliver the right care at the right time in the right way. We are proud to bring our size and scale to make it simple to live healthier and leverage our collaboration with Transcarent to reach even more people where they live and work.”
Walmart’s Omnichannel offerings include Pharmacy services – retail and specialty; Optical services, national telehealth services that include a focus on behavioral health, OTC, Walmart health centers and low-cost fresh food. Through this range of services, the company focuses on Social Determinants of Health, personal behaviors and clinical care seven days a week. Walmart provides prescriptions, over-the-counter medications, a variety of immunizations and COVID-19 drive-thru testing in select locations. For those who receive their COVID-19 vaccination at Walmart and Sam’s Club, a Digital Vaccine Record is available for easy access of their vaccination record that can be saved, downloaded or shared with third-party verification apps. Walmart customers with a W+ membership can also get free shipping on store purchases and medicines offered as part of the membership.
The company’s recent launch of ReliOn™ NovoLog® vials and FlexPens®, which will save customers 58% to 75% off the cash price of branded insulin products, demonstrates Walmart’s commitment to improving affordability for chronic disease management. To learn more about wellness resources available at your neighborhood Walmart, visit www.walmart.com/wellnesshub .
Employees and their families will be able to easily engage Transcarent’s Health Guides and extended clinical team for unbiased information, trusted guidance to better understand care options and associated costs, and easy access to high-value virtual and in-person care - either through Transcarent digital offerings, Transcarent’s Centers of Excellence or Walmart’s in-community clinics. Employers have no up-front or per-employee-per-month (PEPM) fees, as Transcarent offers a fully at-risk model. Transcarent also pays health systems up front for surgeries, yet another difference in the model that health care providers love.
