Watson Clinic in Lakeland, Fla., is furloughing more than 388 employees and cutting senior administrators' pay to push through the challenging financial period caused by the coronavirus pandemic, Tampa Bay Business Journal reports.
Three things to know:
1. The clinic saw revenues fall $600,000 per day after Florida Gov. Ron DeSantis' March 20 executive order required all hospitals to cease non-emergency procedures.
2. Watson Clinic recently launched telemedicine services, which held 867 virtual appointments in the past two weeks.
3. Founded in 1941, the clinic has grown to feature more than 220 physicians across more than 40 specialties, including spine and orthopedics, according to its website.