Walmart Inc (NYSE:WMT) has aspirations to expand its foothold in the digital health sector. The giant retailer has already started checking out various initiatives by going through real-time medical data and arranging chat sessions with doctors. The latest news is that Walmart is also discussing other possibilities related to digital health services with Verizon Communications Inc.(NYSE:VZ) and are planning to come up with a 5G service in Wal-Mart stores.
The low-latency and super-fast speed offered by 5G will serve as the ideal support for the launching of digital health services by the American retail corporation. According to reports, once the service starts in full force, it will extend the benefits to the clinics. So when the customers reach the Walmart store, they will find that the medicines prescribed by their clinic are readily available at the store. Similarly, the shared data will also give the store operators a cue regarding what needs to be restocked so that it is available the next time the customer comes for his visit.
Walmart & Verizon To Share Benefit
The discussions between Verizon and Walmart are still in their initial phase, and if this plan comes true, having 5G in stores will be beneficial to both of them. Walmart will benefit immensely by the transformation of its stores into something similar to medical hubs. Since dedicated clinics are very few in the US, communities in the country will find this arrangement extremely beneficial. It will thus increase the footfall of people who will visit Walmart stores both for shopping as well as for prescriptions.
Verizon, on the other hand, can get the world acquainted with the 5G use cases and can thus offer its services both to the partners and consumers. That is why this partnership between Walmart and Verizon if does materialize will be a big deal for the latter as it will validate the 5G network supply of Verizon. Both the companies are currently discussing how to equip the retail stores with Verizon’s 5G service. Initially, only a pair of stores will have this facility, and depending on the response, the two companies will decide whether to extend the venture further or not.