Wednesday, May 03, 2023

CLEVELAND - Chief Financial Officer Michael A. Szubski, CPA, MBA, FHFMA, whose long and distinguished career at University Hospitals has been marked by remarkable growth in both revenue and of the health system’s footprint throughout Northeast Ohio, plans to retire next year.
 
The announcement was made by UH CEO Cliff A. Megerian, MD, FACS, Jane and Henry Meyer Chief Executive Officer Distinguished Chair. 
 
“Mike has been an extraordinary CFO for UH for the past 15 years who has helped the system grow into one of the largest in the U.S.  We thank him for his service and wish him the best as he enters a new chapter in his life,” said Dr. Megerian.
 
Szubski’s career in finance spans more than 41 years.  He joined UH in 2003 and became CFO in 2008. His numerous accomplishments include: Helping grow the system’s revenues from $1 billion to $5.4 billion during his tenure; leading several key acquisitions, including UH Elyria, UH Parma, UH Portage, UH Samaritan, and UH St. John medical centers, as well as the recently completed integration of Lake Health; negotiating a deal with Medical Mutual of Ohio to add UH Cleveland Medical Center to its coverage plan, expanding care to tens of thousands of people; and spearheading the transition to the Epic electronic health record, including project assessment, benefit analysis and final approval by the Board, among many others.
 
Szubski is one of the longest-serving CFOs in UH history. He routinely is recognized by Becker’s Hospital Review as one of the Top 100 CFOs in American health care. His career in accounting covers four decades, including executive positions at EMH Regional Healthcare System, United Healthcare of Ohio, Inc., and Mt. Sinai Medical Center. He earned Bachelor’s degrees from Baldwin Wallace University in accounting and political science, and a Master’s of Business Administration from Case Western Reserve University.
 
Dr. Megerian plans to nominate Bradley C. Bond, Vice President of Treasury, Community Medical Centers, UHMP and Ventures Finance, for the role of CFO when Szubski retires in January 2024, pending UH Board of Directors approval.
 
Bond joined UH in 2002. Bond manages the system’s investments, debt and swap transactions, cash management, leasing contracts, pension and risk management, and tax compliance and research. He is also finance lead for operations involving UH’s regional community medical centers, community physician group and UH Ventures. Under his leadership, the System has issued over $5 billion in taxable and tax-exempt public bonds, negotiated over $2 billion notional swap transactions and over $2 billion in bank credit facilities.
 
Bond earned a Bachelor of Science in Business Administration from The Ohio State University and a Master’s of Business Administration from the Weatherhead School of Management at Case Western Reserve University.  He is a Chartered Financial Analyst and a Certified Public Accountant.