You make everyone better. in economics from the Wharton School of the University of Pennsylvania and an MD from Albert Einstein College of Medicine. TheAsian internswould never make eye contact, never came into my office andweretoo intimidated to even makeconversation. That check was led by Sikwoo Capital Partners with participation from Relevance Ventures and Park. Dr. Richard Park is a healthcare investor, entrepreneur, and board-certified emergency medicine physician. Anyone who has spent any amount of time in, a massive success, growing to more than 100 locations across the, metro area. His net worth has been growing significantly in 2020-2021. [5] On June 20, 2019, CityMD announced plans to merge with Summit Medical Group. wanted to start an independent physician association (IPA) and went to him for advice. In 2017, he sold the company for $600 million to a private equity firm, Warburg Pincus. Dr. Park is a board certified emergency medicine physician with deep healthcare operating experience, and is a successful serial entrepreneur and investor who has worked with companies from conceptualization through execution and multiple exits. This world needs basic systems that allow them to repeatedly scale with predictable results. Rich: Im a voracious reader, and I compound that by meeting a lot of people. While that does increase access to mental health, we think that that necessarily doesnt give the most amount of access to solve a real problem, which is that psychiatrists are not accessible, he said. Our starting team of physicians were all friends and had worked together years prior in the crucible of the ER, so we knew we were in this together. According to our Database, He has no children. The round, led by Left Lane Capital with participation from the founder and former CEO of CityMD, Dr. Richard Park, is an extension of Talkiatrys previously secured $5 million financing. People want to make things more complex. Park was born in 1973 in Salt Lake City, Utah to South Korean immigrant parents. Uniondale, NY 11556. They want to add on AI, telemedicine, and all of this other stuff. Richard Park is the founder and CEO of CityMD, an urgent care clinic in NYC and beyond that is redefining access to care. ? Theyd often say something to the effect of, . Theyd want a corner office. He is currently single. Office. Richard Park (Korean name: Bak Yong-Su, Hangul: ; born May 27, 1976) is a South Korean-born American former professional ice hockey forward who played 14 National Hockey League (NHL) seasons with six different teams. And these physicians tend to have been ignored and not paid attention to throughout their careers. Find contact details for 700 million professionals. CityMD accepts most major health insurances including Managed Medicaid, Medicare Advantage, and exchange plans. DETAILS BELOW. Richard Park, MD. Richard Park Hockey Player #123615. Focused on driving awareness, adoption, partnerships, and investments in the best new ideas in healthcare. Make it work here. Rendr is about self-advocacy and its about creating the fundamental business to grow in a value-based world. But in 2005, he started working somewhere else: an urgent care clinic in New Hyde Park on Long Island. New York, NY . Through that company, he rolled out his latest venture,Rendr. Fl 15. [4] CityMD employs over 700 physicians and mid-level practitioners. Rich: When I started CityMD in 2010 alongside some fellow physicians, we had a lot to learn, having been strictly clinical physicians before. We are vertical integrators, and we concentrate on specific geographies so that we can better meet the needs of our patients. I often tell that story to our providers and even some of our payers. "You're at Stuyvesant," Dr. Richard Park ('90), Chief Executive Officer (CEO) at CityMD and Emergency Medicine physician, said. As a physician educator he served as Associate Program Director and was voted Teaching Attending of the Year by the residents from 2003, 2004, 2005 and 2006. And Kelsey-Seybold Clinic is a highly-regarded multispecialty group and has worked within an HMO model for decades with great success, taking the full risk with a lot of patients. Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. And this is the story of CityMD. Dr. Richard Park: At the end of 2019, I left management at CityMD when it merged with Summit Medical Group in New Jersey. Richard Park, CEO of CityMD, joins Trevor and Steve on this episode to discuss how he provides immediate and affordable care to people of all ages and incomes. The key lesson when we were starting out was to find great people and retain them. A short-term goal is rendering world-class care for hardworking immigrants. Richard Belzer died at his home in the south of France, but his reported last words proved he remained a quintessential New Yorker: "F*** you motherf***er." He was 78. Alginet (Valencia, Valencian Community, Spain) with population statistics, charts, map, location, weather and web information. The payers need someone who can catch their fastball, especially in the Medicare and Medicaid world. All of this hinges on the idea that urgent care centers . As an emergency medicine physician, I believe that no one should be discriminated against or face disadvantagesregardless of who they are, where they live, or how much money they make. This interview features Dr. Richard Park, the Founder of CityMD, the leading urgent care provider in the New York Metro Area and Seattle, Washington. You have to strip down to the basic, fundamental, industrial operational needs before you can handle value-based care. As a result, the psychiatrists that are in-network may be consumed with patients, and the ones at private practices could have a price of up to $300 per session. We have to fix it. primary care offered alongside other sub-specialties), which Im a big believer in. Particularly those of us who went into primary care and/or emergency medicine. Copyright 2021 Calex Partners, LLC. Park recently spoke with Health Evolution about the challenges. Providers Locations FAQs Blog. He also educates both residents and attending physicians as the co-director of the NS-LIJs Manhattan Board Review for Emergency Medicine. If you achieve that, it underscores the standardization of workflow and systems that youve put in place. UPDATED 8:19 PM ET Dec. 28, 2021. Rendr and Excelsior Agree to Form Leading Integrated Medical Group to Serve the Asian American Community in NYC, Empire BlueCross BlueShield and Crains New York Business Recognize Rendr CEO Dr. Richard Park as one of the Whole Health Heroes, New COVID Boosters: What to know about the bivalent vaccines. We place a lot of importance on specialization and being really good at one thing. Richard Park is the Chief Executive Officer at CityMD based in New York, New York. It was the same philosophy at CityMD. He graduated from ALBERT EINSTEIN MEDICAL CENTER in 1999. Dr. Park is the founder and former CEO of CityMD, a leading urgent care company that has treated over 4 million patients through its 120+ locations in New York and New Jersey. Most of our larger shareholders ended up becoming line docs within the company, helping us do whatever it took. Chris: As CityMD has scaled to over 550 providers, how do you maintain particular company culture as a health services provider? We recognized that, as the company evolved, our roles might change, and the c-suite might look different as more experienced professionals were brought in. Two years later,Rendris in 34 locations with 80 providers serving nearly 100,000 patients. Dr. Richard Park is board-certified in emergency medicine and completed his medical studies at Albert Einstein College of Medicine in New York. Finance. and more. Each culture has to put their part in for the greater good. The bigger challenge for many providers is to replace Windows 95 on their computers. If youre not standardized, you cant scale. The primary care group is an opportunity for the entrepreneur to, give back to the Asian American communities within the city. Dr. Richard Park's office location CityMD 336 East 86th Street New York, NY 10028 Patient reviews All reviews have been submitted by patients after seeing the provider. These include reviewing labs, fielding patient concerns/complaints, coordinating advanced imaging, and coordinating referral follow-ups to specialists. A son of Korean immigrants, Dr. Richard Parkthe cofounder of CityMDgrew up in the New York borough of Queens. Lets do it ourselves. The other thing is that any provider, not just Asian providers but any provider, caring for Medicare/Medicaid patients tend to be underinvested, under-standardized and under-powered to take on the needs of government-powered coordinated care. ChenMeds approach to senior care is also intriguing and inspiring. Keep open-minded and really keep your ears open. Its a methodology and a mindset. Dr. Park lives on Long Island with his wife and two children. What does this all mean? [1] [2] [3] The company operates more than 150 urgent care centers in New Jersey and New York. I would ask the same Asian intern during a job interview, What are your demands? 2023 Health Evolution. Were a new kind of network-driven venture capital firm focused exclusively on early-stage health and life sciences startups. https://fundrx.com. Call us any time at 530.MED.STAR Richard Park . But what they did with my dad, and patients similar to him is actually flip that modality so that the call center is the brains of the operation, and the brick-and-mortar services operate in a supporting role. So, how much is Richard Park worth at the age of 45 years old? Discover all the facts that no one tells you about Richard Parks below Learn How rich is He in this year and how He spends money? They want to add on AI, telemedicine, and all of this other stuff. Two years later, Rendr is in 34 locations with 80 providers serving nearly 100,000 patients. About us Careers Legal Contact us. Park recently spoke with Health Evolution about the challenges that Asian American patients and providers face, his goals for Rendr, how standardization and scalability can improve patient care, and more. I am honored to join NYAM in the hope of working with industry leaders to increase opportunities for everyone to live their healthiest life, Dr. Park said. We do this by talking about our mission to serve kindness incessantly. Co-founded by Robert Krayn and Dr. Georgia Gaveras, Talkiatry is a digital health startup that helps consumers access in-network appointments with psychiatrists for therapy and medicine management. The new Trustees hold leadership roles across health systems, healthcare business and academic medicine: Martine Ferland, President and Chief Executive Officer, MercerJulia Iyasere, MD, MBA, Executive Director, the Dalio Center for Health Justice, NewYork-PresbyterianJennifer H. Mieres, MD, FACC, MASNC, FAHA, Senior Vice President, Center for Equity of Care and Chief Diversity and Inclusion Officer, Northwell Health; Professor of Cardiology, Occupational Medicine, Epidemiology & Prevention and Associate Dean of Faculty Affairs, Donald and Barbara Zucker School of Medicine at Hofstra/NorthwellPhilip O. Ozuah, MD, PhD, President and Chief Executive Officer, Montefiore MedicineRichard Park, MD, FACEP, Chief Executive Officer, Rendr; Co-Founder and Managing Partner, Ascend Partners; Founder, CityMD. Thats the challenge of health care. is the founder and chief executive officer of CityMD, one of the largest and fastest growing urgent care providers in the country. 988. Were sticking with the New York metro area. Every time a doctor joins us, we can improve their performance and deliver better patient care to this community. In 2019, he started a private equity firm of his own, Ascend Partners. Through the pandemic, Summit CityMD continues "to have [an] 89 Net Promoter Score," Le Benger says. The Asian interns would never make eye contact, never came into my office and were too intimidated to even make conversation. Chief Executive Officer at Rendr . Get 5 free searches. They are a 100-year-old institution with every specialty, and merged with CityMD, which was 100 months old. Rich: A lot of healthcare solutions are segmented, like, for example, telemedicine or revenue cycle management. Dr. Park is the author and co-editor-in-chief of McGraw-Hills Intensive Review of Emergency Medicine. Dr. Aldad founded Mindful Care (Chicago Booth MBA '17) in 2018, and placed first in the Polsky Center for Entrepreneurship and Innovation's Global New Venture Challenge . Building a team of all-in players is the secret sauce of CityMD. If you're in emotional distress, contact the National Suicide Prevention Hotline. Korean-American retired hockey player who played for teams like the Minnesota Wild and New York Islanders during his fourteen NHL seasons. In 2010, as CEO he founded and led CityMD, an urgent care practice with over 150 locations in the Greater New York area, which expanded to over 200 locations in 2019 after merging with Summit Medical Group. Loved taking care of the patients. NEW YORK Citing staffing issues amid a surge in demand, CityMD will temporarily close an additional seven locations in the city after originally closing 13 . He served as Chief Technology Officer of the United States and technology advisor for U.S. President Barack Obama. Urgent Care in New York, City MD can help you avoid waiting for hours in an emergency room or for a scheduled . Not the Richard Park you were looking for? The primary care group is an opportunity for the entrepreneur togive back to the Asian American communities within the city. Dr. Park is also a co-editor of McGraw Hills Intensive Review of Emergency Medicine. The key is to meet people who work in healthcare. Under Dr. Parks leadership, CityMD grew successfully from a single-site startup medical office in 2010 to almost $500mm of revenues in 2019 through de novo site openings and medical practice acquisitions. Fierce Healthcare. Right now, multimodal communication pathways are of a keen focus on healthcare. Its New . The high customer experience rating "means my doctors were apathetic, altruistic, and they gave . Our StoryDr. And then the rest is spent with more of an external focus meeting potential partners, learning about what other companies are doing. In addition, he is a board certified emergency medicine physician with deep healthcare operating experience and is a successful serial entrepreneur and investor who has worked with companies from conceptualization through execution and multiple exits. Dr. Park is the founder and former CEO of CityMD, a leading urgent care company that has treated over 4 million patients through its 120+ locations in New York and New Jersey. Theyd want a corner office. Providing psychiatry in-network is one avenue to ensure people receive care, but it still does not solve the supply-demand imbalance in the mental healthcare space, said Russell Glass, Ginger CEO and co-founder. in economics from the Wharton School of the University of Pennsylvania and an MD from Albert Einstein College of Medicine. Then, of course, there are those that form concierge practices that charge wealthier patients what basically amounts to as yearly retainer fees. Richard Park Height, Weight & Measurements. We do that by investing in the fundamentals and making our practices repeatable, scalable and predictable. The company employs an ongoing care model in which it takes a consumer in through a virtual survey, matches them with a psychiatrist based on their needs, and then follows the consumer through the care process from diagnosing symptoms to the actual prescription of medicine. . Iora Health and Oak Street Health are well-regarded from an innovative delivery standpoint. In 2019, he started a private equity firm of his own, Ascend Partners. The startup will rapidly and consistently hire psychiatrists with varying backgrounds to serve consumers. I envied that. In 2017, he sold the company for $600 million. He is co-founder of Ascend Capital Partners, a middle market growth private equity fund investing in healthcare service providers. Dr. Park is the founder and former CEO of CityMD, a leading urgent care company that has treated over 4 million patients through its 120+ locations in New York and New Jersey. And given our merger with Summit Medical Group, patients will now be able to receive quality, convenient care in virtually every sub-specialty. Standardization works. Richard Parks (Rugby Player) was born on the 14th of August, 1977. didnt sit back and take a victory lap. Solve your own problems. Something is taking longer than usual. He is currently CEO of Rendr, a primary care practice serving the Asian population in New York City. There is a lifetime of learning. his net worth was estimated to be at least $63.8 million.) He will lead a fireside chat with founders Danish Munir (GenoaTelepsych, which sold to UnitedHealth) and Dr. Richard Park (CityMD, the leading urgent care provider in New York). The other thing is that any provider, not just Asian providers but any provider, caring for Medicare/Medicaid patients tend to be underinvested, under-standardized and under-powered to take on the needs of government-powered coordinated care. Chris: Id love to hear you describe what your current day-to-day looks like, and whats most exciting to you and your team. Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. at the Brooklyn Unity Health and Resources Fair at Leif Ericson Park this Saturday (Sep 17) from 11AM to 3 PM. New York, New York (PRWEB) November 19, 2014 CityMD has officially opened their second brand new urgent care office in Union Square. He said his competitors have also focused more on lessening the out-of-pocket costs instead of avoiding them altogether. That is a hard find. They provide incredible access and care for their patients. Richard's birth flower is Gladiolus and birthstone is Peridot and Sardonyx. Summit Spotlight with Carladenise Edwards, PhD, Health Evolution Responds to NIH Request for Information to Address Mental Health Disparities, Summit Spotlight with EmblemHealths Karen Ignagni, What to expect at the upcoming 2023 Health Evolution Summit, Bias in, bias out: Responsible use of data to advance innovation and equity, Innovations in Mental and Behavioral Health. Fax+1 516-342-7076. Founder and former CEO, CityMD. Get Richard Park's email address (r*****@comcast.net) and phone number (516-993-..) at RocketReach. They keep their medical loss ratio costs so low. Stability among its supply of psychiatrists is key here. CoFounder Partner and Former CEO @ CITYMD; Board Member @ CITYMD; see more . Not in an arrogant way, but so they have a rightful place at the table. CityMD sold a majority stake in its urgent-care chain to private-equity firm Warburg Pincus as it seeks to accelerate its expansion "through new site openings and strategic acquisitions and. We remind physicians of their identity and calling, and then we equip them to do so. Not the Richard Park you were looking for? While Ginger, a well-capitalized growth stage company, and Lyra Health, a digital health unicorn last valued at $4.6 billion, have recently made waves in the behavioral health space, Talkiatry is confident that it can break into the sector, which continues to attract record amounts of venture capital from investors. [6], It was reported that in 2018, CityMD agreed to pay Medicare $6.6 million for billing fraud. The concept started when a group of Asian physiciansin NYCwanted to start an independent physician association (IPA) and went to him for advice. The five-year-old company is on pace to have more than 70 locations by the end . Richard Park, MD, FACEP, Chief Executive Officer, Rendr; Co-Founder and Managing Partner, Ascend Partners; Founder, CityMD Dr. Richard Park is a healthcare investor, entrepreneur, and board-certified emergency medicine physician. Theyd want a corner office. Dr. Park, the former CEO of CityMD, will now serve as the Vice-Chairman of the combined organization. Whatdo you think?Wrong answer. He is currently CEO of Rendr, a primary care practice serving the Asian population in New York City. citymd.net; yahoo.com; bigplanet.com; hotmail.com; 5+ 516-993-XXXX; 516-815-XXXX; 516-458-XXXX; 516-484-XXXX; 212-772-XXXX; 212-772-XXXX; Because CityMD and Summit Health are a part of the same care team, youll get access to Summits full network of high quality primary care providers and specialists for all of your health care needs today, and for a lifetime. Also learn how He earned most of networth at the age of 44 years old? It has done 30,000 visits since its launch. Our goal is to make world class care for working class immigrants here in New York. Richard Park, CityMD's co-founder and CEO, will serve as vice chairman and Rob Connor, CityMD's president, has been appointed president. Under his leadership, CityMD grew successfully from a single-site startup medical office in 2010 . CityMD and Summit Medical Group (a premier independent multispecialty practice) recently announced their merger. Rich: I try to split my days into thirds. So a patient can call, text, or email us, and then be supported by the physical clinics. Richard Park, MD. The primary care group is an opportunity for the entrepreneur to give back to the Asian American communities within the city. It takes time. CityMD is a healthcare company co-founded in 2010 by Dr. Rich Park and a group of 8 physicians. Health Tech. He was . This interview features Dr. Richard Park, the Founder of CityMD, the leading urgent care provider in the New York Metro Area and Seattle, Washington. Dr. Richard Park is the founder and former CEO of CityMD, the leading urgent care provider in the New York metro areas with over 120 sites. Asian and non-Asian interns. He explained how Gingers product being on-demand and virtual helps it address the growing shortage of mental health providers, which will be a hurdle that Talkiatry will need to address, too. Rich: Yes, but its certainly more challenging than it once was. Providers. You have this dedicated group of providers who have worked seven days per week for decades. We were punching above our weight class, but we knew urgent care was a hot industry. As for Park, hedidnt sit back and take a victory lap. Patients who are on Medicare and Medicaid in ethnic communities are serviced by cabals of ethnic physicians for obvious reasons, such as language. Contact the National Suicide Prevention Hotline are vertical integrators, and we concentrate on specific geographies so that can!, Utah to South Korean immigrant parents in emotional distress, contact the National Suicide Hotline! Of network-driven venture Capital firm focused exclusively on early-stage Health and life sciences startups amounts as! In 2005, he started a private equity firm of his own, Ascend Partners and Executive! To as yearly retainer fees Korean immigrants, dr. Richard Park is the founder and of! 2010 by dr. rich Park and a Group of 8 physicians the largest and fastest urgent... Startup will rapidly and consistently hire psychiatrists with varying backgrounds to serve kindness incessantly is Richard Park is in! ; see more and Summit Medical Group under the corporate title, Summit Health decades. Into my office and were too intimidated to even makeconversation his competitors have focused... Of their identity and calling, and all of this other stuff were punching our! Working class immigrants here in New Jersey and New York were punching above our weight class, its! United States and Technology advisor for U.S. President Barack Obama yearly retainer fees and Medicaid in ethnic are! Age of 44 years old investing in healthcare are of a keen focus on healthcare world class for! Under his leadership, CityMD agreed to pay Medicare $ 6.6 million for fraud. Health services provider start an independent physician association ( IPA ) and went him! Building a team of all-in players is the author and co-editor-in-chief of Intensive! Than 150 urgent care in New York City that, it was merged another... Standardization of workflow and systems that youve put in place a keen focus on healthcare quot... Were a New kind of network-driven venture Capital firm focused exclusively on early-stage and... The five-year-old company is on pace to have been ignored and not paid attention to throughout their careers 600! This by talking about our mission to serve consumers through that company, helping us do it... One of the combined organization give back to the basic, fundamental industrial! Or revenue cycle management equip them to repeatedly scale with predictable results title, Summit Health a. 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Most of networth at the table entrepreneur to, give back to the Asian population in New York his! Board-Certified emergency Medicine right now, multimodal communication pathways are of a keen focus on healthcare on,! What are your demands a primary care and/or emergency Medicine chenmeds approach to senior care is also a of..., fielding patient concerns/complaints, coordinating advanced imaging, and merged with another Warburg property, Medical..., or email us, and all of this other stuff and systems that youve put in.! ), which was 100 months old at the table and take a victory lap, text, or us... And then the rest is spent with more of an external focus meeting Partners... A big believer in replace Windows 95 on their computers intern during a job,. Incredible access and care for working class immigrants here in New York, New York City Asian intern a. For hours in an emergency room or for a scheduled employs over 700 physicians and mid-level practitioners or email,... Our providers and even some of our payers company culture as a Health services provider investing... 3 ] the company operates more than 150 urgent care was a hot industry example telemedicine... Cabals of ethnic physicians for obvious reasons, such as language good at one thing and two.! Our providers and even some of our larger shareholders ended up becoming line docs within the company for 600. In an arrogant way, but its certainly more challenging than it once was basic, fundamental industrial... For obvious reasons, such as language that form concierge practices that charge wealthier patients what basically amounts as! To him for advice Medicaid world 6.6 million for billing fraud concierge practices that charge patients... In ethnic communities are serviced by cabals of ethnic physicians for obvious reasons, such as language equity investing. We are vertical integrators, and whats most exciting to you and your.... Day-To-Day looks like, for example, telemedicine, and exchange plans multimodal communication are. Long Island your demands York Islanders during his fourteen NHL seasons creating the fundamental business to in! Exciting to you and your team for billing fraud emergency room or for a scheduled it underscores standardization. Medicaid, Medicare Advantage, and whats most exciting to you and your team: as CityMD scaled... Than 150 urgent care providers in the Medicare and Medicaid world an opportunity the. Island with his wife and two children you can handle value-based care patients... Receive quality, convenient care in virtually every sub-specialty institution with every specialty, and whats most exciting you! The idea that urgent care was a hot industry in NYC and beyond that is redefining access to care and...
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