Emory Healthcare announced the creation of an accountable care organization (ACO) with retail giant Walmart, called the Accountable Care Plan.
Emory Healthcare, based in Atlanta, is one of the largest clinically integrated networks in Georgia with 2,000 physicians in over 70 specialties, including 240 primary care physicians. The health system draws in over $2 billion in net patient revenue and already participates in three other ACOs, according to data from Definitive Healthcare.
Walmart employees at 55 Walmart, Sam’s Club, and Walmart Distribution Center locations in the metro-Atlanta region have been able to enroll in the Accountable Care Plan since Jan. 1, 2018. The employees in the ACO program have access to healthcare services at Emory Healthcare’s seven hospitals and 200 provider locations.
Untraditional partners like Amazon and Walmart are venturing into the healthcare space on their own to transform how care is paid for and delivered. For example, Amazon, Berkshire, and JP Morgan unveiled the formation of an independent healthcare company for their employees earlier this year.
Walmart is similarly aiming to disrupt the healthcare market. The retail powerhouse is reportedly engaging in talks to acquire Humana and an online pharmacy start-up called PillPack, CNBC recently reported.
Emory Healthcare views their partnership with Walmart as a step in the right direction for high-quality, affordable care.
RevCycle Intelligence quotes Patrick Hammond, Emory Healthcare Network CEO:
When Walmart approached Emory about these opportunities, we were excited to partner with Walmart, a progressive company dedicated to transforming healthcare and its delivery process. More and more large, self-insured employers like Walmart are looking for new and creative solutions as a potential way to decrease costs of healthcare plans for employees, while improving the overall quality of the care. This partnership is a win-win for everyone involved.