Walmart Selects Transcarent To Provide Go-to-Market Solution for Self-Insured Employers
15 Outubro 2021 - 12:18PM
Business Wire
Walmart and Transcarent will work together to make it easy for
clients and members to access Walmart services and Walmart’s
everyday low-cost pricing
Walmart (NYSE: WMT) and Transcarent today announced they would
be working together as go-to-market partners for self-insured
employers across the country. The agreement allows Transcarent,
which offers employees and their dependents a new, different and
better health and care experience, to share Walmart’s everyday low
cost on pharmaceuticals and other services with self-insured
employers and their employees for the first time.
The collaboration makes it easier for millions of employees and
the families of self-insured employers to access high-value care —
no matter where they live — at affordable prices. This new offering
will allow employers of all sizes to leverage Walmart’s health care
size and scale to more easily provide their employees convenient
care and cost-effective health and wellness options.
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 health care 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
Walmart+ 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 walmart.com/wellnesshub.
In addition to the high-value Walmart prescription benefits that
will be available to employers, employees and their families,
Transcarent’s health and care experience will serve as the on-ramp
for self-insured employers and their employees to a 24/7
personalized health and care experience for virtually all of the
most common and most challenging needs. 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.
“Together, Walmart and Transcarent have the scale and innovation
required to transform the way health and care are delivered and
paid for across the nation, regardless of a person’s economic or
geographic situation,” said Glen Tullman, chief executive officer
of Transcarent. “Transcarent is putting employers and employees
back in charge of their health and care. Employees can trust 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 better health decisions
generate.”
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save
money and live better - anytime and anywhere - in retail stores,
online, and through their mobile devices. Each week, approximately
220 million customers and members visit approximately 10,500 stores
and clubs under 48 banners in 24 countries and eCommerce websites.
With fiscal year 2021 revenue of $559 billion, Walmart employs 2.2
million associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting
corporate.walmart.com, on Facebook at facebook.com/walmart and on
Twitter at twitter.com/walmart.
About Transcarent
Transcarent is a new and different health and care experience
company putting people back in charge of their health and care
experiences. Using a combination of software, technology, Health
Guides and data science, Transcarent empowers consumers with the
kind of unbiased information, trusted guidance and access to
high-value care that leads to better care, better outcomes, and
more cost-effective decisions and allows Members to share in the
benefits of their decisions. Transcarent believes that having the
right information, tools, and incentives in the decision-making
process can positively transform the way we all experience our
health and care. For more Information, visit us at Transcarent.ai
and follow us on Twitter or LinkedIn.
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Media Contacts
For Transcarent: John Hallock 617-615-7712
Press@transcarent.ai
For Walmart: Walmart Media Relations
news.walmart.com/reporter
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