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September 26, 2026

Takeaways from the most recent news in the technology and policies shaping healthcare.

Finance

Chris Allen Named CFO of $6B UChicago Medicine

Chris Allen stepped into the role of executive vice president and CFO at UChicago Medicine on Sept. 1, 2025, according to Becker's Hospital Review. The appointment marks a return to familiar ground: Allen began his career at the University of Chicago as a budget analyst in the Basic Science Division in the mid-1990s before moving on to build his finance career elsewhere.

Allen described the homecoming as surreal, noting that the executive suite he now occupies sits in a place he once walked as a junior analyst decades ago. He now oversees finance for an academic health system with roughly $6 billion in operations.

The hire lands as large academic medical centers navigate thin margins, rising labor and supply costs, and heavy capital demands. Systems of this scale increasingly seek CFOs who combine deep institutional knowledge with broad operating experience to steer strategy, investment, and financial discipline through an uncertain period for hospital finances.

More in Finance

Finance

UChicago Medicine Shifts Staff to Harder Revenue Cycle Work

UChicago Medicine is automating routine revenue cycle tasks and shifting staff to complex cases requiring human judgment.

Why it matters: It shows how hospitals can use automation to redeploy scarce revenue cycle talent rather than just cut jobs, easing margin and staffing pressure.

Finance

Oklahoma Health Campus Renamed After $150M Hamm Gift

Energy executive Harold Hamm's $150 million gift, the largest in University of Oklahoma history, will rename its Oklahoma City health campus home to OU Health.

Why it matters: Large philanthropic gifts are becoming essential capital for academic health systems operating on thin margins.

Finance

The Hidden Costs Buried in Healthcare Payment Operations

Healthcare payment costs are split across four budgets, hiding the true expense of manual and paper-based processes from finance leaders.

Why it matters: Payment operations quietly drain money that organizations cannot see because the costs are fragmented across departments.