Walmart will leverage its marketplace clout to offer healthcare services to self-insured employers. The retail giant announced it is teaming up with Transcarent, a consumer-directed platform for employees of self-insured employers and their families.

This is the first time Walmart has made such an agreement to offer its prices on pharmaceuticals and other healthcare services to employers. The partnership aims to allow employers to offer more convenient care and cost-effective health and wellness options.

"We are committed to providing care to customers and the communities we serve through an integrated, omnichannel approach that improves engagement, health equity, and outcomes," said Dr. Cheryl Pegus, executive vice president of health and wellness at Walmart. "Most of America lives within 10 miles of a Walmart, which makes us uniquely positioned to deliver the right care at the right time in the right way. We are proud to bring our size and scale to make it simple to live healthier and leverage our collaboration with Transcarent to reach even more people where they live and work."