Dive Brief:

Providence made progress on its financial turnaround plan during the third quarter , with operating incomes hitting $21 million — a $229 million improvement over the same period last year.

The Renton, Washington-based nonprofit health system attributed the improvement to increased patient volumes. Inpatient admissions, for example, were up 5% for the three months ended Sept. 30.

President and CEO Erik Wexler cheered the results in a press release Thursday. “When we started the year, we intentionally set out to reach a breakeven financial sustainability goal. It has taken a tremendous amount of hard work and decisive action from everyone across Providence St. Joseph Health, and that effort is starting to make a real difference.”

Dive Insight:

While Providence has

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