Michigan Medicine names Strucko new chief financial officer

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 and dean of 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 Penn 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 at Michigan Medicine. 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 leadership and many years of success leading Michigan Medicine through years of fiscal challenges, including the COVID-19 pandemic.”