UnitedHealth Group Shutting Down Optum Virtual Care Telehealth Business
by PYMNTS.com
PYMNTS.com— UnitedHealth Group is shutting down its Optum Virtual Care telehealth business. Employees were notified of the shutdown on Thursday (April 18), and some were told that their last day would be in July, Seeking Alpha reported Tuesday (April 24), citing a paywalled article by Endpoints News. Reached for comment by PYMNTS, a UnitedHealth Group spokesperson provided an emailed statement saying that the […]
Business Insider—Walmart closing 51 health centers, and shutting down virtual care. Walmart says it will shut down the 51 health clinics it has at retail stores across five states, as well as its virtual care operation as the business has become "unsustainable.""The challenging reimbursement environment and escalating operating costs create a lack of profitability," the company said Tuesday.The announcement did not provide a specific date for the closures, but sources told the Dallas Morning News and CNBC they would happen over the next 45 to 90 days.Walmart opened its first...
CNBC—Walmart to shutter health centers, virtual care service in latest failed push into health care. Walmart said clinics are not a sustainable business model due to a challenging reimbursement environment for primary care and increasing operating costs.
The Cerbat Gem—Larson Financial Group LLC Has $4.47 Million Stock Position in UnitedHealth Group Incorporated (NYSE:UNH). Larson Financial Group LLC cut its holdings in UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,497 shares of the healthcare conglomerate’s stock after selling 196 shares during the quarter. Larson Financial Group LLC’s holdings in UnitedHealth Group were worth $4,473,000 as of its […]