Providence Health & Services missed its net operating income targets by nearly 60 percent in the first nine months of 2013.
As of Sept. 31, 2013, Providence’s net operating income was $61 million, which was $87.6 million or 59 percent below the $148.6 million target the health giant had budgeted, according to unaudited financial reports.
The Catholic health system, which spans five states including Washington, attributes most of the financial challenges to drops in patient volumes and lower revenues…
Providence Health & Services missed its net operating income targets by nearly 60 percent in the first nine months of 2013.
As of Sept. 31, 2013, Providence’s net operating income was $61 million, which was $87.6 million or 59 percent below the $148.6 million target the health giant had budgeted, according to unaudited financial reports.
The Catholic health system, which spans five states including Washington, attributes most of the financial challenges to drops in patient volumes and lower revenues…