📋 Tender Overview
Walmart andTranscarentwill work together to make it easy for clients and members to access Walmart services and Walmarts everyday low-cost pricingWalmart NYSE WMT and Transcarent today announced they would be working together as go-to-market partners for self-insured employers across the country.Theagreement allows Transcarent which offers employees and their dependents a new different and better health and care experience to shareWalmarts everyday low cost on pharmaceuticals and other services with self-insured employers and their employees for the first time.The collaboration makesit easier for millions of employees and the families of self-insured employers to access high-value care nomatter where they live at affordable prices.This new offering will allow employers of all sizes to leverage Walmarts health care size and scale to more easily provide their employees convenient care and cost-effective health and wellness options.Todayhalf of all Americansare covered byemployer-sponsored health insurance. According to the Kaiser Family Foundation in 2020 theaverage annual premiumsfor employer-sponsored health insurance were 7470 for single coverage and 21342 for family coverage.Whats moreemployers 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 Pegusexecutivevicepresident ofHealth 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.Walmarts 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 Sams 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 companys recent launch of ReliOn NovoLog vials and FlexPens which will save customers 58 to 75 off the cash price of branded insulin products demonstrates Walmarts commitment to improving affordability for chronic disease management. To learn more about wellness resources available at your neighborhood Walmart visitwalmart.comwellnesshub.In addition to the high-value Walmart prescription benefits that will be available to employers employees and their families Transcarents health and careexperiencewill serve as the on-ramp for self-insured employers and their employees to a 247 personalized health and care experience for virtually all of the most common and most challenging needs. Employees and their families will be able to easilyengageTranscarents 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 Transcarentdigital offerings Transcarents Centers of Excellence or Walmarts in-community clinics. Employershave no up-front orper-employee-per-month PEPM fees asTranscarentoffersafullyat-risk model.Transcarent also pays health systems up front for surgeries yet another difference in the model that health care providers love.
