Walmart plans to cut its healthcare costs with new test programs
Category: #retail  By Saipriya Iyer  Date: 2019-10-05
  • share
  • Twitter
  • Facebook
  • LinkedIn

Walmart plans to cut its healthcare costs with new test programs

Nowadays companies don’t just offer salary to their employees, they also provide certain benefits such as paid time off; retirement benefits; and disability, life and medical insurance. These benefits can be very valuable, as medical insurance alone costing hundreds or thousands of dollars a month. Thus, it has become a major checklist for job seekers while opting for a new opportunity. Companies too are coming up with new schemes and offers to attract the best workforce.  

U.S. retail giant, Walmart Inc. has made similar developments recently when it announced that it plans to initiate various healthcare pilot facilities for its employees in the U.S. The move intends to search for new methods that can reduce healthcare costs, one of the biggest expenses the company is currently facing.

According to reliable sources, Walmart will run a program which would directly link patients with local doctors so that its employees do not have to depend on social media or word of mouth in order to reach a doctor. 

These pilot programs will be conducted in parts of Florida, Texas and Arkansas. Moreover, in South Carolina and North Carolina, the retailer will facilitate a concierge service to deal with issues like scheduling appointments, billing, finding a provider and understanding diagnosis.

While in Wisconsin, Minnesota and Colorado, Walmart is planning to develop a program that would enable patients to video chat with a doctor from home which would just cost $4 per chat.

Reports cite that the company also plans to offer its workers a $9 per bi-weekly membership to fitness clubs and provide a predictable co-pay of $35 on every trip to the physician under its highly prominent medical plan which will be presented nationwide.

Reportedly, Walmart also started its Distribution Center in Texas, which is said to be the first-of-its-kind Supply Chain Academy, designed exclusively to prepare the company’s supply chain associates as well as guiding them to a successful career.

According to Greg Smith, EVP, Walmart U.S. Supply Chain, the company is focused on developing an excellent workplace and the first Supply Chain Academy will play a crucial role in making this vision a reality.

Source Credit: https://www.reuters.com/article/us-walmart-healthcare/walmart-to-test-programs-for-u-s-workers-to-cut-its-healthcare-costs-idUSKBN1WI08C



About Author

Saipriya Iyer

Email: [email protected]   

Saipriya Iyer

Saipriya Iyer develops content for Market Size Forecasters, Algosonline, and myriad other platforms. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her bel...

Read More

More News By Saipriya Iyer

Nestlé acquires Allergan’s Zenpep to expand medical nutrition business
Nestlé acquires Allergan’s Zenpep to expand medical nutrition business
By Saipriya Iyer

Nestle, a Swiss food and beverage giant, has recently expanded its medical nutrition business by entering an asset purchase agreement to acquire Allergans Zenpep, for undisclosed sum. Nestle will take ownership of Z...

Nestle introduces three new flavors of the beloved Smarties Buttons
Nestle introduces three new flavors of the beloved Smarties Buttons
By Saipriya Iyer

 

  • The company has introduced three new Smarties Buttons flavors hitting stores this week
  • Smarties Buttons will be available in mouth-w...

New Medtronic Micra AV pacemaker receives approval from the U.S. FDA
New Medtronic Micra AV pacemaker receives approval from the U.S. FDA
By Saipriya Iyer

Medtronic plc, a renowned US-based medical device company, reportedly announced that its Micra AV pacemaker has received approval from the U.S. FDA. The Medtronic Micra AV is the world’s smallest pacemaker with A...