Eric Strucko was approved as the new chief financial officer for Michigan Medicine by the Board of Regents on Feb. 16. He will begin in the role April 1.
Strucko currently is 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 be responsible for managing its 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, CEO of Michigan Medicine, executive vice president for medical affairs at the University of Michigan and dean of the Medical School.
Michigan Medicine is the academic medical center of U-M and includes the Medical School and U-M Health, the health system’s clinical enterprise.
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 was associate vice president for finance and business at Penn State University and controller of the College of Medicine, chief financial officer of the University of Virginia Physicians Group, and budget director of the University of Virginia Medical Center.
Strucko earned his bachelor’s degree from Vanderbilt University, a Master of Public Administration degree from George Washington University, a Master of Public Policy degree from Georgetown University, a Master of Public Health degree from the University of Virginia, and a Ph.D. in health-related sciences and administration from Virginia Commonwealth University. He also is a retired, nationally registered paramedic.
Strucko will replace Paul Castillo, who served in the Michigan Medicine CFO 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.”