What You Should Know:
- Fabric, a healthcare technology company focused on care enablement, announced today the acquisition of MeMD from Walmart Inc. (NYSE: WMT). MeMD is a recognized leader in virtual healthcare, offering behavioral, urgent, and primary care services to millions of individuals.
- This strategic acquisition positions Fabric to be a major player in the virtual healthcare landscape. By combining Fabric's care enablement platform with MeMD's established virtual care
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Walmart
Walmart Shutters All 51 Health Centers, Telehealth Offering Citing “Escalating Operating Costs”
What You Should Know:
- Walmart announced today the difficult decision to close all 51 Walmart Health centers and discontinue its virtual care offering. This comes after five years of operation for the health centers.
- The company cited a "challenging reimbursement environment and escalating operating costs" as reasons for the closure. This highlights the difficulty of establishing a profitable healthcare business model, especially in the current environment.
Priority Shift on
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Walmart Health Expands Affordable Access to Healthcare in Florida
What You Should Know:
- Today, Walmart Health announced it is entering into a relationship with both Ambetter from Sunshine Health, which provides insurance to individuals through the Florida health insurance marketplace, and Orlando Health, a private, not-for-profit network of community and specialty hospitals across Florida, through Care Coordination Agreements.
- These collaborations will help Floridians gain access to affordable healthcare options with the type of convenience
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Walmart Expands Virtual Primary Care to Associates & Families
What You Should Know:
- Walmart announced it is expanding virtual primary care, building on the traditional telehealth service for occasional sick visits for Walmart associates and their families.
- As part of this expansion, virtual care options for digestive health and physical therapy will also be available, including some basic at-home lab work early next year. Most virtual health care benefits are available at no cost to associates and their families ($0
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Morgan Health Invests $25M in Fertility Network Kindbody
What You Should Know:
Morgan Health, the JPMorgan Chase & Co. business unit announced a $25M investment in Kindbody, a fertility clinic network and global family-building benefits provider for employers offering the full-spectrum of reproductive care from preconception to postpartum through menopause.
Kindbody is a technology-driven fertility clinic network and family-building benefits provider for employers offering virtual and in-person care supporting 112 leading employers, covering
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Walmart Health Continues 2024 Expansion into Oklahoma
What You Should Know:
Walmart Health announced its expansion into the state of Oklahoma, with four new health centers in the Oklahoma City area in 2024. This expansion into Oklahoma is a continuation of Walmart Health’s commitment to making quality healthcare more convenient, accessible and affordable for customers in the communities we serve.The new state-of-the-art facilities will be approximately 5,750 sq ft, located beside Walmart Supercenters, and will feature Walmart Health’s full suite
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Walmart Health Center to Add 28 New Locations in 2024
What You Should Know:
- Today, Walmart announced it will add 28 new Walmart Health centers, with 75+ total locations by the end of the year. This continues our commitment to making quality healthcare more convenient, accessible and affordable for customers in the communities we serve.
- The expansion will increase Walmart Health’s footprint into two new states including Missouri and Arizona, deepening our presence in Texas in the Dallas metro area and growing into Houston.
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Walmart & CareSource Partner to Address Racial Health Inequities
What You Should Know:
- Today, Walmart announced a three-year agreement with the nonprofit organization, CareSource to address cardiometabolic conditions and maternal health in under-resourced and underserved communities.
- The partnership expands the work Walmart and CareSource are doing to help improve care around maternal and child health in Georgia - the two launched a pilot in Georgia earlier this year to help Black maternal health across the state.
Address
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22 Executive Digital Health Predictions to Watch in 2023
Jon Bloom, MD, CEO and Co-founder of Podimetrics
From a digital health perspective, 2022 was a reset year for many and a serious reality check. We went from sky high growth to the sky is falling, and in 2023 I think this market correction movement will continue forward. To me, the biggest surprise of 2022 was that despite the market tanking, digital health companies continued to truck forward with huge deals. This includes massive acquisitions like Amazon and OneMedical, as well as deals like
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7 Life Sciences Executive Predictions to Watch in 2023
Tracy Curley, CFO and interim CEO at iSpecimen
Focusing on the macroeconomic environment, which remains impacted by the lingering COVID-19 pandemic, there continues to be uncertainty about the strength of the global, Asia Pacific, UK and US economies. High-interest rates and a potential recession remain a concern for all market participants. At ISPC, we are closely monitoring the pace of specimen transactions. We believe that this industry can be resilient through a continued economic
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