Providence operating loss tops $1B during first three quarters

Providence recorded a cumulative $1.1 billion operating loss during the first three quarters of this year as staffing shortages and weak market conditions buffeted its finances, the health system announced Monday.

The Renton, Washington-based nonprofit company also cited inflation, reimbursement delays and supply chain disruptions as contributors to its poor performance. Providence reported a net operating loss of $164 million for the third…