Michigan Medicine names new chief financial officer

ANN ARBOR — A new chief financial officer for Michigan Medicine was approved by the U-M Board of Regents at its Thursday meeting. Eric Strucko, Ph.D., M.P.A., M.H.A. will begin in the role on April 1.

Strucko currently serves as chief financial officer for Keck Medicine of the University of Southern California, overseeing the financial management of the health system’s hospitals and clinical enterprises. He also manages Keck Medicine’s strategic financial plans, financial and governmental reporting, accounting, budgeting, revenue cycle, health information management and material management.

As chief financial officer for Michigan Medicine, Strucko will have responsibility for the management of Michigan Medicine financial and control activities. He will direct financial reporting and control, financial planning, budgeting and revenue cycle and compliance operations.

He will report to Marschall S. Runge, M.D., Ph.D., CEO of Michigan Medicine, executive vice president for medical affairs at the University of Michigan and dean of the U-M Medical School.

Michigan Medicine is the academic medical center of the University of Michigan and includes University of Michigan Health and the U-M Medical School.

Prior to joining Keck Medicine, Strucko was senior vice president and chief financial officer for Penn State Health’s Milton S. Hershey Medical Center and Medical Group. In previous roles, he served as the associate vice president for finance and business at Pennsylvania State University and controller of the College of Medicine, the chief financial officer of the University of Virginia Physicians Group and the budget director of the University of Virginia Medical Center.

Strucko earned his bachelor’s degree from Vanderbilt University, a master’s of public administration degree from George Washington University, a master’s of public policy degree from Georgetown University, a master’s of public health degree from the University of Virginia, and a doctorate of philosophy in health related sciences and administration from Virginia Commonwealth University. He is also a retired, nationally registered paramedic.

Strucko will replace Paul Castillo in the Michigan Medicine role. Castillo has served in the role since 2011.

“We are so pleased to welcome Eric Strucko to this crucial position at Michigan Medicine. He brings a wealth of experience in all aspects of health care finances,” Runge said.

“I also want to thank Paul Castillo for his tremendous leaderhip and many years of success leading Michigan Medicine through years of fiscal challenges, including the COVID-19 pandemic.”

About Michigan Medicine:

At Michigan Medicine, we advance health to serve Michigan and the world. We pursue excellence every day in our five hospitals, 125 clinics and home care operations that handle more than 2.3 million outpatient visits a year, as well as educate the next generation of physicians, health professionals and scientists in our U-M Medical School.

Michigan Medicine includes the U-M Medical School and University of Michigan Health, which includes the C.S. Mott Children’s Hospital, Von Voigtlander Women’s Hospital, University Hospital, the Frankel Cardiovascular Center, Kellogg Eye Center, University of Michigan Health West and the Rogel Cancer Center. The U-M Medical School is one of the nation's biomedical research powerhouses, with total research funding of more than $500 million.

More information is available at https://www.michiganmedicine.org/