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    Growing Costs And Shrinking Revenues Squeeze Hospitals As They Brace For Coronavirus

    In places like Los Angeles, hospitals are prepping for anticipated waves of COVID-19 patients. But they're having to ramp up while facing shrinking cash reserves.
    by Patti Neighmond Apr 06, 2020 4 minutes
    Tents setup outside the main entrance to Harbor-UCLA Medical Center in Torrance, Calif., Wednesday, April 1, 2020. The hospital plans to triple the number of available ICU beds to care for patients amidst the spread of COVID-19.

    As many cities and regions of the country brace for a surge of coronavirus patients over the next few weeks, hospitals are scrambling to get ready. The increase in costs to convert beds, buy equipment and increase staffing time in order to care for critically ill COVID-19 patients is adding up at a time when revenues are down.

    And the resources they have to turn to may vary, depending on the demographics of the patients they serve.

    "We are very concerned," says Dr. Anish Mahajan, chief medical officer of Harbor-UCLA Medical Center in Los Angeles. "We are doing everything we can to prepare."

    Harbor-UCLA is a public hospital, and the majority of its patients

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