Walmart & UnitedHealthcare Team Up to Offer Healthcare for Seniors

Walmart Store near downtown Pittsburgh stock photo
bgwalker / iStock.com

Walmart and UnitedHealth Group announced, via a Sept.7 press release, that they were teaming up to offer affordable health care to seniors and Medicare beneficiaries. In addition, they will offer virtual care for people of all ages.

See: The Safest Places To Retire Outside the US
Find: 22 Side Gigs That Can Make You Richer Than a Full-Time Job

The initial 10-year collaboration will start in Jan. 2023 at 15 Walmart Health locations in Florida and Georgia and then expand into new markets over time, Walmart detailed in the press release.

The retail giant said that Optum, a UnitedHealth Group business, will help enable Walmart Health clinicians “through analytics and decision support tools to deliver comprehensive value-based care that can help drive positive health outcomes for seniors and Medicare beneficiaries.”

CNBC explained that value-based healthcare is a model in which hospitals and doctors’ offices are reimbursed for the care they provide through multiple Medicare Advantage plans. In addition, value-based care, unlike the traditional fee-for-service model, is a model under which providers — hospitals, labs, doctors, nurses and others — are paid based on the health outcomes of their patients and the quality of services rendered, according to Aetna.

Make Your Money Work Better for You

“We’re on a journey to transform health care, connecting more people to the right care at the right time — at a cost that makes sense,” Walmart CEO Doug McMillon said in the release. “This collaboration puts the patient at the center of health care by leveraging the strength and complementary skill sets of our two companies to accelerate access to quality care.”

The companies said that the partnership will include a co-branded Medicare Advantage plan in Georgia, UnitedHealthcare Medicare Advantage Walmart Flex (HMO-POS).

In addition, also as of Jan. 2023, Walmart Health Virtual Care will be in network for commercial members in UnitedHealthcare’s Choice Plus PPO plan, “giving consumers another option to access care when and where they want it,” according to the release.

“UnitedHealth Group and Walmart share a deep commitment to high-quality and affordable primary care led services that address all of a patient’s health needs in ways that are convenient for them and improve health outcomes,” Andrew Witty, CEO of UnitedHealth Group, said in the release.

Make Your Money Work Better for You

In the longer term, the companies said that the collaboration intends to reach more people, including those across commercial and Medicaid plans, “by providing access to fresh food and enhancing current initiatives to address social determinants of health, over-the-counter and prescription medications, and dental and vision services.”

Discover: Take Our Poll: How Do You Typically Split the Restaurant Bill?
More: What Is the Average Social Security Benefit at Age 62?

Walmart’s announcement follows that of Walgreens Boots Alliance which announced a similar $5.2 billion partnership with VillageMD in Oct. 2021,  “to advance its strategic position in the delivery of value-based primary care, a $1 trillion, fast-growing segment of the healthcare system.”

More From GOBankingRates

Share This Article:

Make Your Money Work Better for You

About the Author

Yaël Bizouati-Kennedy is a full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She also worked as a vice president/senior content writer for major NYC-based financial companies, including New York Life and MSCI. Yaël is now freelancing and most recently, she co-authored  the book “Blockchain for Medical Research: Accelerating Trust in Healthcare,” with Dr. Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, including one in Journalism from New York University and one in Russian Studies from Université Toulouse-Jean Jaurès, France.
Learn More

Best Bank Accounts for September 2022

Untitled design (1)
Close popup The GBR Closer icon

Sending you timely financial stories that you can bank on.

Sign up for our daily newsletter for the latest financial news and trending topics.

Loading...
Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.