Walmart unveils its partnership with Transcarent in the employer market

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Walmart is partnering with Transcarent to facilitate self-funded employers’ access to its health services.

This is the first time that Walmart has entered into such a deal to offer its prices on pharmaceuticals and other health services to employers. The partnership aims to enable employers to take advantage of the size and scale of the retail giant to deliver more convenient care and cost-effective health and wellness options.

Walmart said employer healthcare costs continue to rise as many workers are confused by long lists of options they might not benefit from.

“We are committed to providing care to the clients and the communities we serve through an integrated, omnichannel approach that improves engagement, health equity and outcomes,” said Cheryl Pegus, MD, vice executive president of health and wellness at Walmart, in a statement.

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“Most of the United States lives within 10 miles of a Walmart, which uniquely positions us to provide the right care at the right time and in the right way,” said Pegus. “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.

Transcarent members can access Walmart’s prescription benefits as well as care at the company’s community clinics, optical services and telehealth, according to the announcement. The retailer also offers over-the-counter drugs and vaccines, including for COVID-19.

In addition, it recently launched a low-cost insulin, called ReliOn NovoLog, in pens and vials, which can also help keep costs down, Walmart said.

“Together, Walmart and Transcarent have the scale and innovation to transform the way health and care is delivered and paid for across the country, regardless of a person’s economic or geographic location,” said Glen Tullman, CEO of Transcarent, in a statement. “Transcarent puts employers and employees back in charge of their health and care. Employees can be confident that Transcarent will focus on value and quality first, provide clear and unbiased information, offer a full range of choices, and share the rewards with employees that their best health decisions generate.

Walmart has also entered the insurance market by launching a Medicare brokerage company and creating co-branded Medicare Advantage plans in partnership with Clover Health.

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