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Many hospitals today could be considered high risk for financial default. According to a 2024 study, “Hospitals in many European countries are continuously facing financial deficits and/or insolvency problems.” Also in 2024, Victorian public hospitals in Australia operated with major deficits of $1+ billion. The world will also see a nurse shortage by 2030; it’s becoming harder for hospitals to find nurses. Labor shortages and increased staff workload often lead to burnout, and that leads to less time for appropriate patient care. The optimal and recommended number of nurses per patient is 1 to 5, but many nurses, depending on…



