Hospitals in US pushed into bankruptcy as health-care profession suffers “Great Resignation”

Hospitals are buckling under nursing shortfalls as hiring replacement costs spiral wildly out of control and the winter surge of Covid grips the nation. (Bloomberg)

“This is like survival stakes,” the head of health-care practice at BDO USA said. Winners are “whoever’s highest on the food chain and who has the biggest checkbook.”

According to Bloomberg, institutions with smaller budgets and are oftentimes serving the poor, remain understaffed while larger hospitals pull in workers. And if they try to compete for employees, budget shortfalls end in financial catastrophe..

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