Providence reported a Q3 operating loss of $310m as it struggled to recover from a $6.1bn loss in FY 2022. Despite a 5% YoY revenue increase, it was affected by rising pharmaceutical and salary expenses, up 21% and 8% YoY respectively. However, the health system’s reliance on contract labour has come down and the financial outlook is improving. Meanwhile, non-acute volumes and inpatient admissions have grown.
UK’s Legal Aid Agency Experiences Cyberattack
A UK Ministry of Justice executive agency was targeted in a cyberattack, compromising its systems. The incident highlights vulnerabilities in cybersecurity, prompting a review of
