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Hospital CFOs take the pulse of 2026.
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It’s Groundhog Day. Or Badger Day. Or Hedgehog Day? Take your pick. In Germany, an ancient tradition cast a badger (meaner and cooler than a groundhog) as the shy prognosticator, not the groundhog (which is officially a rodent). When German immigrants arrived in the US, badgers weren’t that common, apparently. Anyone up for a renaming campaign? Here’s the important part: The official first day of spring is in 46 days.

In this issue:

🩻 Prognosis

CPI’s forgotten cousin

Payments plan

Cassie McGrath, Jesse Klein, Demi Lawrence

OPERATIONS

A doctor holds a piggy bank

Fizkes/Getty Images

While many hospitals have bounced back from the financial challenges of the Covid-19 pandemic—namely inflation and staffing costs—CFOs are still dealing with an evolving financial landscape filled with lots of ups and downs.

Whether it’s tariffs, uncertainty around Affordable Care Act (ACA) marketplace plans, or implementing new AI technologies…everywhere, making a hospital budget is, well, hard.

Notably, hospital leaders continue to raise concerns about reimbursement rates, which is what insurance companies or public plans pay for care. The American Hospital Association (AHA) reported in April 2025 that Medicare reimbursed 83 cents for every dollar hospitals spent in 2023.

But there’s one thing for sure, Reed Hurley, EVP and CFO at University Health System in Texas, told us: “If there’s any surprises—we don’t like those.”

Keep reading on Healthcare Brew.CM

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STRATEGY

A graph showing rising producer price index.

Vladimir Zakharov/Getty Images

The Producer Price Index, which measures wholesale inflation, jumped 0.5% in December, according to the most recent report from the Bureau of Labor Statistics. This is more than double what was predicted, according to a Reuters survey of economists that forecast a 0.2% PPI hike.

This is a signal that business might be passing on tariff costs down the supply chain. A few weeks ago, the consumer price index increased a little less than some macroeconomists expected.

The increase in the PPI was driven mostly by a 0.7% spike in service costs, which increased in large part because of higher machinery and equipment wholesale prices. Goods prices were flat compared with November.

Keep reading.—JK

CFOVILLE

An illustration of the OnePay app on a smartphone.

OnePay

Streaming was hot. Payments ARE hot.

AMC Networks’ former CFO Patrick O'Connell on Thursday was named the new CFO of OnePay, the digital banking and payments platform.

At OnePay, he will oversee finance, strategy, and long-term planning.

In a press release, OnePay CEO Omer Ismail said of O’Connell: “He’s exactly the kind of CFO you want when you’re building something that matters at scale.”

OnePay was founded by Walmart and Ribbit Capital. Earlier this year, the consumer-focused fintech hit a valuation of $4 billion, just a year and change after it secured a $2.5 billion valuation via a $300 million investment round led by Walmart and Ribbit.

Keep reading.—DL

Together With Rillet

MARKET FORCES

market forces chart

Francis Scialabba

Today’s top finance reads.

Stat: 67%. That’s the percentage of respondents to a Custom Ink survey of corporate buyers and organizers who said that swag is successful only if recipients voluntarily wear it. (Yahoo Finance)

Quote: “As I write this, many media reports are describing Warsh as a monetary hawk. That’s a category error. Warsh is a political animal. He calls for tight money and opposes any attempt to boost the economy when Democrats hold the White House.”—Paul Krugman, writing on his Substack, about President Trump’s new choice for Federal Reserve Chair, Kevin Warsh (Business Insider)

Read: How much are companies handing over to Uncle Sam? With new requirements from the Financial and Accounting Standards Board coming into effect this year, we’re starting to find out. Spoiler: Netflix paid $1.12 billion in 2025. (the Wall Street Journal)

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