California hospitals were asked to prepare for a COVID-19 surge. And they did -- in the shape of empty medical beds, delayed treatments and investing in coronavirus-related operations.
It was a necessary response, but one that came at a cost.
The California Hospital Association reports more than $10 billion in losses, which is projected to grow beyond $15 billion.
The California Hospital Association said statewide emergency room visits are down 40% to 50%. Revenue losses average between 20% and 30%, however at rural hospitals the losses are as high as 60%.