-Source-Beckers CFO Report-
With nearly 1.5 million employees across 4,700 stores, Bentonville, Ark.-based Walmart is the nation's largest private employer. And with nearly 1 million of those employees self-insured, it's also a heavy influencer on the U.S. healthcare market, according to a MarketWatch analysis.
Here are five things to know about Walmart's influence on healthcare payment:
1. Direct contracting between large employers and health systems is changing how healthcare is priced and paid for in the U.S. Employers are increasingly holding providers responsible for delivering better outcomes to their workers at lower prices.
2. Walmart's first partnership with a provider started roughly two decades ago for workers requiring organ transplants. Other partnerships have expanded to include flat rates for spine and cardiac surgeries, joint replacements, weight-loss procedures, and cancer care. Under one three-year program, eligible Walmart employees diagnosed with breast, lung or colorectal cancers can visit Rochester, Minn.-based Mayo Clinic for treatment, with Walmart covering all expenses. Read more
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