What: Walmart plans to offer nationwide virtual healthcare services to be a market leader and gain a greater share of the healthcare business.

Why it is important: As other large players are taking stake in virtual healthcare, it will be important for Walmart to capture enrollment among member companies and to compete with other telehealth providers.

Walmart has acquired MeMD, a telehealth provider, so it can offer nationwide virtual healthcare. The retailer already has 20 clinic and 4,700 domestic stores that offer pharmacies.

Telehealth services are becoming a very competitive new feature in the industry with other large players like Amazon, CVS, and Walgreens.

Due to the pandemic, this new form of medical treatment is seeing accelerated adoption. As large players battle to become the leader across the space, consumers should benefit in the commoditisation of the services.

Walmart’s Expansion Into Telehealth Pits It Head-To-Head With Amazon Again