Recent updates to Walmart Pharmacy
Sitting in the topmost position of the Fortune 500 list of the most successful companies in the world, Walmart Stores, Inc. is an unarguably the current largest company in the world, by revenue. The multinational retail giant runs a chain of hypermart, discount department, and grocery stores which together account for its $486b net valuation.
Among its many retail services is the Walmart Pharmacy, known for single handedly dropping the cost of pharmaceutical products with the introduction of the Walmart Pharmacy Discount Card, followed by other pharmacy discount programs in the country. The program offers Americans prescription drugs for as low as $4 for up to a 30-day supply, making the Walmart Pharmacy one of the busiest subdivisions of the giant mart.
Since its introduction more than a decade ago, the prescription coupon program has given the company leverage in retail Rx drugs as it now ranks 4th on the list of the biggest pharmacy outlets in the United States. Not sacrificing service on the quest for an increased market share, the company is one of the few platforms offering almost-free pharmaceuticals in the country.
Even when Walmart’s pharmacy discount program offers consumers’ drugs at cut prices, refills are now quicker and easier to order using the company’s mobile shopping application.
This change, seen as one of the ways Walmart is trying to improve its pharmacy service, was rolled out early last year. Just as is with other online retailers, you can also track your product orders and costs using the upgraded shopping app.
There is no need to contact your local pharmacist for prescription refills; you can place an order via the app and are allowed up to ten refills.
Shopping app upgrade
Walmart encourages customers to place prescription and refill orders via the mobile shopping application by offering users some incentives. One of these facilitated the creation of the “express lanes” at physical pharmacy locations to promote online orders via the shopping app.
This, without a doubt, eliminates customers queuing up excessively at stores for purchases of prescriptions as “express lanes” can now be found at virtually all the 4,700 Walmart stores nationwide. With the recent mobile app upgrade, customers are now able to view prices of Rx pills online.
Last fall, the e-commerce store also announced the launch of the Express Money Services, a newly-added feature combined with the “express lanes” to accelerate transactions. In addition, according to Fortune magazine, Walmart is trying to simplify financial transaction processing in its stores for a seamless consumer experience while using the mobile shopping app. The mobile app now works with Walmart’s over 1,200 money transfer centers, allowing customers to send funds with no paperwork; pay bills and cash checks.
Succor amid rising prescription prices
The US government has been singled out several times for allowing drug companies to set prices for prescription drugs at will without enabling any price negotiation strategy, as is done in other countries. While uninsured drug users were forced to pay through the nose, the Walmart Pharmacy continued providing ultra-cheap prescription drugs, when using the Walmart pharmacy coupon card.
This program has been active and sustained for several years by the company, providing the working population without health insurance medicinal drugs at affordable prices, as much as 80% less than they originally cost without a coupon card.
With just $4, you can access up to 30 days supply of Rx drugs. While for $10, a 3-month supply of prescription drugs is accessible to you, irrespective of age.
The drugs covered by the pharmacy discount program include almost all the most commonly used prescriptions in the US. The discount program isn’t accessible at Walmart stores alone, as it is available at more than 60000 independent pharmacy stores and several chains of participating pharmacy stores in the US.
When you don’t have insurance, your prescription card serves you the same way as your insurance card would have done. It is 11 years of cheap medication retailing for the Rx coupon program and the relief is, there has been no upward adjustment of the prices since its 2006 launch, not minding the market drivers.
While cheap drugs are currently accessible at Walmart Pharmacy stores nationwide, the retail giants are trying to keep pace with their competitors in the retail industry with the upgrade of the mobile shopping application to facilitate money transactions, eliminate queues at stores, and ease prescription refills and orders.