It's time for your annual flu shot, and CityMD has you covered. We cant wait for someone to solve problems in our communities. But healthcare suffers from being too fragmented. As a physician-entrepreneur, what are some of the guiding principles that helped you transition from provider to founder/CEO? He is from American. Anyone who has spent any amount of time in, a massive success, growing to more than 100 locations across the, metro area. And given our merger with Summit Medical Group, patients will now be able to receive quality, convenient care in virtually every sub-specialty. Dr. Park received a B.S. We cant wait for someone to solve problems in our communities. So, how much is Richard Park worth at the age of 45 years old? Dr. Jeffrey Le Benger, who was at the helm of Summit Medical Group, will serve as chief executive officer of the combined organization. Its competition is paying attention. New York, NY . CoFounder Partner and Former CEO @ CITYMD; Board Member @ CITYMD; see more . In 2017, he sold the company for $600 million to a private equity firm, Warburg Pincus. 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. I. We did that by standardizing practices across 3,000 employees and 650 doctors. He is a co-editor of McGraw Hills Intensive Review of Emergency Medicine. The startups true innovation lies in its plan to make psychiatric services covered by insurance providers for consumers. Chief Executive Officer at Rendr . At Rendr, were a little more thoughtful. Richard Park, CEO | Something truly special is happening here. People want to make things more complex. They keep their medical loss ratio costs so low. Jeffrey Le Benger, who was the CEO of Summit Medical Group, has been named CEO of the combined organization. All Rights Reserved. SBJ's Founders have invested more than $500 million into more than 35 companies including Armor Express, Troy Lee Designs, Swensons Drive-In Restaurants, Jefferson Dental, Peet's Coffee & Tea, and. Arlington Park President Richard . Richard Park of CityMD. It is very rewarding especially if everyone works as a team and gets along well. Under his leadership, CityMD grew successfully from a single-site startup medical office in 2010 . Today he is behind a new venture to. Multi-site, multi-stateI get it. What do you think? Wrong answer. contributor to these communities as we continue to provide high quality healthcare to all New Yorkers," says CEO Dr. Richard Park. He lives with me, and when I occasionally take an extra day to prescribe him his medications, he gets impatient. Todd Park is a Korean American entrepreneur and government executive. Rich: Physicians went into the practice of medicine to help others. Urgent Care Clinic CityMD Business Profile CityMD Urgent Care Clinic Headquarters Multi Location Business Find locations Contact Information 1345 RXR Plaza, 13th Floor Uniondale, NY. CityMD formed as an alternative to primary care physicians booked. ChenMeds approach to senior care is also intriguing and inspiring. 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. Sure, some platforms are offered as an added benefit in addition to a health insurance plan, but may have additional restrictions, i.e., a patient may get access to the platform but still pay a monthly fee to get service. A wide range of evolving and emerging issues that are shaping the future of health care. Below are excerpts from this conversation. By not using a contractor model, Talkiatry will have more stability in its services but could struggle with scale. What kind of challenges have you see in terms of health care for the Asian American population, in New York City and beyond? Dr. Richard 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. We are vertical integrators, and we concentrate on specific geographies so that we can better meet the needs of our patients. in economics from the Wharton School of the University of Pennsylvania and an MD from Albert Einstein College of Medicine. Main Stage 9:10 AM - 9:30 AM November 29, 2016 MASSIVE GROWTH: Where Baby Unicorns Come From. I often tell that story to our providers and even some of our payers. They are supposed to have all this sophistication in managing government-payer patients, but the truth is a lot of them still have Windows 95 in their offices. Yes, we all have to help each other, but there is a component of responsibility and self-determination. [7] They also paid New York state another $883,000 to settle false claims allegations.[8]. Fax+1 516-342-7076. Through that company, he rolled out his latest venture,Rendr. Cofounder of CityMD Dr. Richard Park Provides Care to Asian Immigrants. is the founder and chief executive officer of CityMD, one of the largest and fastest growing urgent care providers in the country. Loved taking care of the patients. What does this all mean? Not in an arrogant way, but so they have a rightful place at the table. Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. 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. CityMD and Summit Medical Group (a premier independent multispecialty practice) recently announced their merger. CityMD is a healthcare company co-founded in 2010 by Dr. Rich Park and a group of 8 physicians. Since opening a single clinic on the Upper East Side in 2010, urgent-care chain CityMD has grown to 68 locations in three states. Standardization works. 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. This world needs basic systems that allow them to repeatedly scale with predictable results. On this Wikipedia the language links are at the top of the page across from the article title. Its a methodology and a mindset. When I was the CEO ofCityMD,we hadAsian and non-Asian interns. Rich: A lot of healthcare solutions are segmented, like, for example, telemedicine or revenue cycle management. a digital health unicorn last valued at $4.6 billion. 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. He currently resides in South Korea. CityMD. Richard Parks income source is mostly from being a successful Player. Not the Richard Park you were looking for? 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. You have to do it. Then, of course, there are those that form concierge practices that charge wealthier patients what basically amounts to as yearly retainer fees. Jobs at CityMD An excellent experience Medical Scribe (Former Employee) - Bronx, NY - December 12, 2022 An excellent experience for prospective healthcare students. "You're at Stuyvesant," Dr. Richard Park ('90), Chief Executive Officer (CEO) at CityMD and Emergency Medicine physician, said. 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. About us Careers Legal Contact us. Learn more What we treat. his net worth was estimated to be at least $63.8 million.) 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. The key is to meet people who work in healthcare. 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. We are not even on the right planet or even on the same universe. With that being said, selfadvocacy is important. We recommend you to check the complete list of Famous People born on 27 May. It has done 30,000 visits since its launch. There will be a health workshop, performances, and giveaways. Privacy Policy |No Surprises Act |Notice of Privacy Practices - NY & NJ |Non-discrimination Statement - NY & NJ | Summit Health Code of Conduct | Summit Health Compliance Manual | Notice of Right to Good Faith Estimate. Today he is behind a venture to provide medic. Finance. 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. The Asian interns would never make eye contact, never came into my office and were too intimidated to even make conversation. They want to add on AI, telemedicine, and all of this other stuff. Everyone has their own problems. Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. All of this hinges on the idea that urgent care centers . 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. Phone+1 516-342-7075. Copyright 2021 Calex Partners, LLC. The vision 'To build healthier communities by serving everyone.' So, why are we so passionate about making. He then taught in the Teach the Teacher fellowship program. The bigger challenge for many providers is to replace Windows 95 on their computers. What kind of challenges have you see in terms of health care for the Asian American population, in New York City and beyond? didnt sit back and take a victory lap. These networks arent particularly widespread. Walgreens' VillageMD inks $9B deal to buy Summit Health. You can search by first or last name, state and publication date. 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. Find a CityMD near you: Need a flu shot? Currently, Talkiatry has 44 clinicians on its platform, with 33 as psychiatrists and the remaining as nurse practitioners. Uniondale, NY 11556. Sign up to get the latest news from CityMD. We believe systems work. 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). A son of Korean immigrants, Dr. Richard Parkthe cofounder of CityMDgrew up in the New York borough of Queens. Dr. Richard Park is the founder and CEO of CityMD, a fast-growing chain of walk-in health clinics based in New York. Dont wait for someone to solve your problems. Check out what Richard Park will be attending at Bloomberg Breakaway 2017. In 2019, he started a private equity firm of his own, Ascend Partners. Rendris in 34 locations with 80 providers serving nearly 100,000 patients. As for Park, hedidnt sit back and take a victory lap. See what Richard Park will be attending and learn more about the event taking place May 2 - 3, 2017 . 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. Keep open-minded and really keep your ears open. And instead of coming upstairs to ask me about his prescriptions, hell go to CityMD and get some lab work, or X-rays, or an EKG done. Others Named Richard Park. . I think payer and government partners in general, at least on the East Coast, have not found a provider system that can scale that way because of under-invested infrastructure. He said his competitors have also focused more on lessening the out-of-pocket costs instead of avoiding them altogether. Anyone who has spent any amount of time inthe Big Appleknows that ParksCityMDhas becomea massive success, growing to more than 100 locations across themetro area. I know of many thriving independent practices that provide excellent care to patients who are accessing good payor rates by joining independent physician associations (IPAs). Text HOME to the Crisis Text Line and connect to a counselor immediately. Copyright 2010 - 2023 Summit Health Management, LLC. At 45 years old, Richard Park height is 6ft 0in (183cm) and Weight 190lb (86kg; 13st 8lb). One third is spent with my direct reports, another at the actual CityMD sites with the front-line staff. According to our Database, He has no children. The Dignity Memorial online obituary search tool gives you access to obituaries from thousands of locations across North America. Copyright 2023 Rendrcare. Aftercare supports our site physicians by providing a safety net to perform anything and everything 7 days a week in real-time support. So a patient can call, text, or email us, and then be supported by the physical clinics. Richard Parks is an Executive VP & Chief Executive (Texas & New Mexico) at Providence based in Renton, Washington. Iora Health and Oak Street Health are well-regarded from an innovative delivery standpoint. Dr. Richard Park is a Managing Partner and Co-Founder of Ascend Partners. "You guys are capable and healthy. What kinds of goals do you have for Rendr? top quality medical care have made CityMD the best place in New York City for urgent care. They might not hold fancy titles, but they go through the fire for us, and sometimes that just means holding the line at one of our sites. It takes time. Rich: We have to integrate the best of all worlds, make healthcare go from Blockbuster to Netflix. As of 2022, Richard Park's net worth is $100,000 - $1M. Attacks on Asian Americans spiked during the pandemic. Richard Park, MD. Search. New York, NY (PRWEB) December 21, 2013 On December 20th, CityMD celebrated the Grand Opening of its new 4,500 square foot state-of-the-art urgent care facility right in the heart of Astoria, Quee . The primary care group is an opportunity for the entrepreneur togive back to the Asian American communities within the city. Fierce Healthcare. 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. The primary care group is an opportunity for the entrepreneur to, give back to the Asian American communities within the city. Chris: Looking back at your experience scaling CityMD, what are some learnings that are obvious in hindsight that were not so clear as you grew the business? He is co-founder of Ascend Capital Partners, a middle market growth private equity fund investing in healthcare service providers. All Rights Reserved. Anyone who has spent any amount of time in the Big Apple knows that Park's CityMD has become a massive success, growing to more than 100 locations across the metro area. Short term, we dont have a budget. They are supposed to have all this sophistication in managing government-payer patients, but the truth is a lot of them still have Windows 95 in their offices. Under his 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. Were sticking with the New York metro area. We do this by talking about our mission to serve kindness incessantly. Ascend Partners, led by ex-Warburg healthcare head, unveils $300m fund Ascend was founded in 2019 by In Seon Hwang, formerly global head of healthcare at Warburg Pincus, and Richard Park, ex-CEO of Warburg portfolio company CityMD. [4] CityMD employs over 700 physicians and mid-level practitioners. CityMD - City Medical of Upper East Side. Theyd want a corner office. That is a hard find. The concept started when a group of Asian physicians in NYC wanted to start an independent physician association (IPA) and went to him for advice. Medstartr Momentum. Since CityMD merged with Summit Medical Group in August 2019, Dr. Park has been serving as Vice-Chairman of the combined entity. Richard Parks (Rugby Player) was born on the 14th of August, 1977. Call us any time at 530.MED.STAR UPDATED 8:19 PM ET Dec. 28, 2021. Chris: Any particular resources that informed your entrepreneurial journey, or that you use to keep up on the trends in the market and industry? They keep their medical loss ratio costs so low. I told them that IPAs were better than no having organization at allbut what would be better than an IPA is if they became a single practice. 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. And this is the story of CityMD. The payers need someone who can catch their fastball, especially in the Medicare and Medicaid world. Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. 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. Anyone who has spent any amount of time in the Big Apple knows that Parks CityMD has become a massive success, growing to more than 100 locations across the metro area. For example, one of our services is called Aftercare, a CRM combined with a call center, which we created to tie up loose ends for our patients after they leave our clinics. Richard Park Net Worth His net worth has been growing significantly in 2020-2021. Aug. 13, 2019, 04:45 PM. CityMD accepts most major health insurances including Managed Medicaid, Medicare Advantage, and exchange plans. We help treat a range of symptoms and urgent care needs. Something is taking longer than usual. Most Popular Boost Birthday May 27, 1976 (age 46) Birthplace South Korea. [1] [2] [3] The company operates more than 150 urgent care centers in New Jersey and New York. His birth sign is Leo and his life path number is 1. If you're in emotional distress, contact the National Suicide Prevention Hotline. But in 2005, he started working somewhere else: an urgent care clinic in New Hyde Park on Long Island. Dr. Theres many people who have identified the problem that [psychiatrists are not accessible], said Krayn. And then the rest is spent with more of an external focus meeting potential partners, learning about what other companies are doing. And thats why density matters; were a logistics company and have a clinic within 15 minutes of nearly every person in the New York Metropolitan Area. . Show A Healthy Dose, Ep Richard Park - Feb 7, 2019 Dec 9, 2018, 5:16 AM iStock; Samantha Lee/Business Insider CityMD cofounder Richard Park wanted to open up an urgent-care location in the Jackson Heights neighborhood of Queens, New York, but. "At CityMD our mission is to serve with kindness, and we are eager to provide communities in this region with greater access to faster, quality medical care and unparalleled service." CityMD, which has redefined the urgent care experience with more than 50 locations in Richard Park is the founder and CEO of CityMD, an urgent care clinic in NYC and beyond that is redefining access to care. He served as Chief Technology Officer of the United States and technology advisor for U.S. President Barack Obama. How do we do that? Asian and non-Asian interns. 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. What are some of the biggest challenges you have already faced in launching this venture and that you anticipate will be continuous? A single family. Richard L. "Dick" Duchossois, 95, Chairman of Arlington Park at Arlington Park on May 2, 2017. . Richard Park was born on 27 May, 1976 in American, is an American ice hockey player. Richard Park, MD. If youre not standardized, you cant scale. 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. Browse our full list to see if youre covered. If healthcare is a puzzle, each piece should certainly be of high quality, but its critical to put each of those pieces together. and more. Richard Park started his career as an emergency room doctor. 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. Alginet (Valencia, Valencian Community, Spain) with population statistics, charts, map, location, weather and web information. He was born in 1970s, in Generation X. Its New . wanted to start an independent physician association (IPA) and went to him for advice. These include reviewing labs, fielding patient concerns/complaints, coordinating advanced imaging, and coordinating referral follow-ups to specialists. So how do you take that approach to standardizing workflow, metrics and systems and bring it to the primary care world, particularly with Medicare and Medicaid patients? As a physician educator, he served as Associate Program Director and was voted Teaching Attending of the Year by the residents in 2003, 2004, 2005 and 2006. It is the largest urgent care company in the New York metro area. You have this dedicated group of providers who have worked seven days per week for decades. In 2019, he started a private equity firm of his own, Ascend Partners. Dr. Richard Park is board-certified in emergency medicine and completed his medical studies at Albert Einstein College of Medicine in New York. One of the opportunities here is to get these providers to advocate for themselves. Dr. Richard Park is a Managing Partner and Co-Founder of Ascend Partners. The non-Asian counterparts would ask for like $200,000 right out of college. We need to constantly remind ourselves of our responsibility to Serve Kindness, and rekindle the compassion and dedication that brought us into our field in the first place. It's now being led by the very capable and very charismatic Dr. Jeff Le Benger. in economics from the Wharton School of the University of Pennsylvania and an MD from Albert Einstein College of Medicine. What should health care executives understand about the challenges of this community that many likely do not? Dr. Park is the author and co-editor-in-chief of McGraw-Hills Intensive Review of Emergency Medicine. Just walk-in to any location, no appointment necessary. Mar 2010 - Present12 years 11 months. ? Theyd often say something to the effect of, . Richard received a medical degree degree from The Albert Einstein College of Medicine. Whatdo you think?Wrong answer. I hadnt been, and, ultimately, the CityMD team took over my fathers care as they had a closer understanding of him as a patient than I did, even though I live with him and they had primarily managed his care over the phone. If you achieve that, it underscores the standardization of workflow and systems that youve put in place. 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. We have estimated Richard Parks net worth, money, salary, income, and assets. It doesnt have to do with technology tools. Listen for unforgettable stories and insights into a mission-driven healthcare career, such as: The inspiration behind Richard's career in medicine. That check was led by Sikwoo Capital Partners with participation from Relevance Ventures and Park. 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. Richard Park . We do that by investing in the fundamentals and making our practices repeatable, scalable and predictable. DETAILS BELOW. Dr. Park studied emergency medicine in the Long Island Jewish Medical Centers residency program, where he served as chief resident. 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. This interview features Dr. Richard Park, the Founder of CityMD, the leading urgent care provider in the New York Metro Area and Seattle, Washington. NEW YORK, NY (May 6, 2021)The New York Academy of Medicine (NYAM) has announced the appointment of five new members to its Board of Trustees. If these 80 providers across 18 separate providers could find it in themselves to submit to one other and become a single family that would allow for greater standardization and complete alignment. And yet when they deal with payers, its the same mentality, What do you think? Self-advocacy is so important. Payers. The key lesson when we were starting out was to find great people and retain them. They want to add on AI, telemedicine, and all of this other stuff. We place a lot of importance on specialization and being really good at one thing. Through the pandemic, Summit CityMD continues "to have [an] 89 Net Promoter Score," Le Benger says. Fierce Pharma. Dr. Richard Park is a healthcare investor, entrepreneur, and board-certified emergency medicine physician. Just over a decade ago, Richard Park, MD, started CityMD on the idea that there was a need for a better patient-provider experience in the urgent care space in New York City. Alignment is really important, Park said. Often times, n. They were very comfortable and very casual. We have to fix it. Providers Locations FAQs Blog. CEO . primary care offered alongside other sub-specialties), which Im a big believer in. Theyd want a corner office. Prior to founding CityMD in 2010, Dr. Park was an Attending Physician in the Emergency Department at Long Island Jewish Medical Center. Learn How rich is He in this year and how He spends money? I often tell that story to our providers and even some of our payers. NEW YORK and BERKELEY HEIGHTS, N.J., Aug. 13, 2019 /PRNewswire/ -- CityMD, the leading urgent care provider in the New York metro area, and Summit Medical Group, one of . What are your requirements? Theyd often say something to the effect of, Whatever you want. Kirk Falconer October 27 2020 ShareA-A+100% In Seon Hwang He is from American. Korean-American retired hockey player who played for teams like the Minnesota Wild and New York Islanders during his fourteen NHL seasons. Dr. Park studied emergency medicine in the Long Island Jewish Medical Centers residency program, where he served as chief resident. The round, led by Left Lane Capital with participation from the founder and former CEO of CityMD, Dr. Richard Park, is an extension of Talkiatry's previously secured $5 million financing.. How do you get doctors to standardize? Privacy Policy Terms of Use Media Guidelines, Accelerating the Transformation of Health Care, The Premier Convening of Health Care CEOs, Value-Based Care For Specialized Populations, Innovations in Mental And Behavioral Health, Innovations In Mental And Behavioral Health. Range of evolving and emerging issues that are shaping the future of health care executives understand about challenges. 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