With such a large patient base, which includes some Kaiser Permanente health plan members, Palomar embarked on a major construction project to build a new 11-story, $956 million medical center in downtown Escondido, completed late last summer.
Palomar’s patient revenue is comprised of 19 percent Medicaid and 45 percent Medicare. The public health system, formerly known as Palomar Pomerado Health, receives approximately $13 million in tax revenues annually, helping it to earn an “A1” rating from Moody’s Investors Service on $492 million of rated general obligation bonds.
Mr. Hemke has a bachelor’s degree in accounting and a master’s degree in healthcare administration.
If you have more information or updates for this profile or would like to recommend a leader to be profiled in the future, please contact Lindsey Dunn, editor in chief, Becker’s Hospital Review at ldunn@beckershealthcare.com.
More Articles on Hospital CFO Profiles:
CFO Todd Keating: Advancing UMass Memorial Health System
CFO Steve Filton: Leading in For-Profit Hospital Stocks at Universal Health Services
CFO Gary McLaughlin: Upgraded Outlook at Overlake Hospital Medical Center
