But from the beginning, we tried to place everyone where they would be most impactful. When I was the CEO ofCityMD,we hadAsian and non-Asian interns. Sign in with Google I do not have a Google account Home | CityMD Walk in when you need us With over 150 locations across NY and NJ, we'll take care of you. Richard Parks is an Executive VP & Chief Executive (Texas & New Mexico) at Providence based in Renton, Washington. And there are many innovative primary care offerings, as well as integrated delivery networks (e.g. TheAsian internswould never make eye contact, never came into my office andweretoo intimidated to even makeconversation. Two years later,Rendris in 34 locations with 80 providers serving nearly 100,000 patients. In 2017, he sold the company for $600 million to a private equity firm, Warburg Pincus. Providers. One third is spent with my direct reports, another at the actual CityMD sites with the front-line staff. 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. We dont have much information about Hes past relationship and any previous engaged. 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. "You're at Stuyvesant," Dr. Richard Park ('90), Chief Executive Officer (CEO) at CityMD and Emergency Medicine physician, said. Talkiatry has hired psychiatrists as W-2 employees instead of contractors. Fl 15. 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. 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. All Rights Reserved. 2023 Health Evolution. 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). Dr. Richard Park, CityMD's co-founder and CEO, will. his net worth was estimated to be at least $63.8 million.) 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? What does this all mean? Summit Medical and CareMount are examples. Our goal is to make world class care for working class immigrants here in New York. Talkiatry announced today that it has raised a $20 million Series A to scale a strategy simple in theory yet potentially challenging in execution: bring psychiatry services in-network with insurance providers. According to our Database, He has no children. Getting doctors to decrease variance and become more standardized. He said his competitors have also focused more on lessening the out-of-pocket costs instead of avoiding them altogether. I. I would ask the same Asian intern during a job interview, What are your demands? 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. Richard Park is the founder and CEO of CityMD, an urgent care clinic in NYC and beyond that is redefining access to care. Dr. Richard Park is a Managing Partner and Co-Founder of Ascend Partners. Main Stage 1:15 PM - 2:00 PM Subscribe to our free mailing list for announcements, freebies and more! "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 Chief Executive Officer at CityMD based in New York, New York. 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. 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). UPDATED 8:19 PM ET Dec. 28, 2021. 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? That check was led by Sikwoo Capital Partners with participation from Relevance Ventures and Park. Just walk-in to any location, no appointment necessary. It takes self-responsibility and advocacy. He then worked as the Associate Program Director of the residency program in NS-LIJs emergency department and was awarded the Teaching Attending of the Year Award by his residents in 2003, 2004, 2005 and 2006. Under his leadership, CityMD grew successfully from a single-site startup medical office in 2010 . Is this information wrong? Copyright 2021 Calex Partners, LLC. All Rights Reserved. in economics from the Wharton School of the University of Pennsylvania and an MD from Albert Einstein College of Medicine. You have to strip down to the basic, fundamental, industrial operational needs before you can handle value-based care. Find contact details for 700 million professionals. Iora Health and Oak Street Health are well-regarded from an innovative delivery standpoint. 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. 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. [1][2][3] The company operates more than 150 urgent care centers in New Jersey and New York. All Rights Reserved. What kinds of goals do you have for Rendr? These networks arent particularly widespread. Alignment is really important, Park said. What are some of the biggest challenges you have already faced in launching this venture and that you anticipate will be continuous? 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. Our goal this year is to get to 4.5 quality stars across all our payers. What kind of challenges have you see in terms of health care for the Asian American population, in New York City and beyond? See what Richard Park will be attending and learn more about the event taking place May 2 - 3, 2017 . Aug. 13, 2019, 04:45 PM. He is a member of famous Player with the age 45 years old group. Aftercare supports our site physicians by providing a safety net to perform anything and everything 7 days a week in real-time support. And also to decrease the frustrations of our practice by supporting them with scribes and. With that being said, selfadvocacy is important. The key is to meet people who work in healthcare. Richard Park, M.D. Lets do it ourselves. Rich: Yes, but its certainly more challenging than it once was. 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. His net worth has been growing significantly in 2020-2021. . If you're in emotional distress, contact the National Suicide Prevention Hotline. CityMD and Summit Medical Group (a premier independent multispecialty practice) recently announced their merger. Main Stage 9:10 AM - 9:30 AM November 29, 2016 MASSIVE GROWTH: Where Baby Unicorns Come From. Welcome to FundRx Venture Partner Perspectives, where a FundRx team member conducts a brief interview with a FundRx Venture Partner, with the aim being to share the knowledge and opinions of a diverse array of healthcare clinical and industry experts. 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. You can search by first or last name, state and publication date. The concept started when a group of Asian physicians. You make everyone better. What kind of challenges have you see in terms of health care for the Asian American population, in New York City and beyond? It was the same philosophy at CityMD. We excelled in getting patients in the door at CityMD because we got 650 physicians to focus on net promoter scores and decreased wait time. With over 150 locations across NY and NJ, well take care of you. Once you find the obituary you are looking for, you can get important information about upcoming services, share a favorite photo or memory, and . We have to fix it. Chris: As CityMD has scaled to over 550 providers, how do you maintain particular company culture as a health services provider? One of the opportunities here is to get these providers to advocate for themselves. Richard Park . Most Popular Boost Birthday May 27, 1976 (age 46) Birthplace South Korea. Copyright 2023 Rendrcare. It has done 30,000 visits since its launch. Others Named Richard Park. What are yourrequirements? Theyd often say something to the effect of, Whatever you want. 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. Richard Park, MD. The payers need someone who can catch their fastball, especially in the Medicare and Medicaid world. 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. At Rendr, were a little more thoughtful. It takes self-responsibility and advocacy. is the founder and chief executive officer of CityMD, one of the largest and fastest growing urgent care providers in the country. We cant wait for someone to solve problems in our communities. . Not the Richard Park you were looking for? He was born in 1970s, in Generation X. Its New . He lives with me, and when I occasionally take an extra day to prescribe him his medications, he gets impatient. https://fundrx.com. So often these intentions are choked out by bureaucracy and paperwork. So, how much is Richard Park worth at the age of 45 years old? Get 5 free searches. Loved taking care of the patients. In 2017, he sold the company for $600 million. Rich: When I started CityMD in 2010 alongside some fellow physicians, we had a lot to learn, having been strictly clinical physicians before. Richard Park was born on 27 May, 1976 in American, is an American ice hockey player. So the Summit-CityMD deal makes sense because it enables us to take patients through more of their healthcare journey, from their first walk-in visit to complicated cancer care. Copyright 2010 - 2023 Summit Health Management, LLC. CoFounder Partner and Former CEO @ CITYMD; Board Member @ CITYMD; see more . He is currently CEO of Rendr, a primary care practice serving the Asian population in New York City. 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. 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. Listen for unforgettable stories and insights into a mission-driven healthcare career, such as: The inspiration behind Richard's career in medicine. Attacks on Asian Americans spiked during the pandemic. Timezone . We place a lot of importance on specialization and being really good at one thing. Instead, we pour billions into things that add more weight on the top of the health system without reinforcing the bottom. So a patient can call, text, or email us, and then be supported by the physical clinics. We are not even on the right planet or even on the same universe. As for Park, he didnt sit back and take a victory lap. Park recently spoke with Health Evolution about the challengesthatAsian American patients and providers face,his goals forRendr,howstandardization and scalability can improve patient care,and more. Walgreens' VillageMD inks $9B deal to buy Summit Health. So, how much is Richard Park worth at the age of 45 years old? You have this dedicated group of providers who have worked seven days per week for decades. Mar 2010 - Present12 years 11 months. Instead of opening clinics all across the US, we believe its more effective to have, say, 200 clinics operating within one particular geography, and to build upon the services offered at each site. Were sticking with the New York metro area. Theres so much to do. Then, of course, there are those that form concierge practices that charge wealthier patients what basically amounts to as yearly retainer fees. He . Richard Park, CityMD's co-founder and CEO, will serve as vice chairman and Rob Connor, CityMD's president, has been appointed president. The startup will rapidly and consistently hire psychiatrists with varying backgrounds to serve consumers. Previously, Richard was a Chief Read More Contact Richard Parks's Phone Number and Email Last Update 11/21/2022 4:52 AM Email r***@providence.org Engage via Email Contact Number (***) ***-**** Engage via Phone Mobile Number 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. The key lesson when we were starting out was to find great people and retain them. Its a methodology and a mindset. Particularly those of us who went into primary care and/or emergency medicine. And then the rest is spent with more of an external focus meeting potential partners, learning about what other companies are doing. 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. Lets focus on getting better here. [4] CityMD employs over 700 physicians and mid-level practitioners. Park was born in 1973 in Salt Lake City, Utah to South Korean immigrant parents. And one time he had some abnormal lab results for his kidneys, and I got a call from our partners who manage our lab work. Chris: Given CityMD disrupted the patients traditional view of primary care, it would be great to get your view on where else on the provider side this might be happening. We do that by investing in the fundamentals and making our practices repeatable, scalable and predictable. Theres many people who have identified the problem that [psychiatrists are not accessible], said Krayn. Short term, we dont have a budget. The office located at 216 East 14th Street, between 2nd and 3r New York, New York (PRWEB) November 19, 2014 -- CityMD E14 opened their doors on November 17 providing Union Square residents with two facilities . 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. They want to add on AI, telemedicine, and all of this other stuff. Search. Building a team of all-in players is the secret sauce of CityMD. He is board-certified in emergency medicine and completed his medical studies at Albert Einstein College of Medicine in New York. 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. Its time for your annual flu shot, and CityMD has you covered. Dr. Park received a B.S. CityMD is a healthcare company co-founded in 2010 by Dr. Rich Park and a group of 8 physicians. Stay curious! As of 2022, Richard Park's net worth is $100,000 - $1M. Check out what Richard Park will be attending at Bloomberg Breakaway 2017. Richard Park, CEO | Something truly special is happening here. A wide range of evolving and emerging issues that are shaping the future of health care. See more providers. 1345 Rxr Plz. Fierce Life Sciences Events. At CityMD, we punched way above our weight class. CityMD. Text HOME to the Crisis Text Line and connect to a counselor immediately. In 2017, he sold the company for $600 milliontoa private equity firm, Warburg Pincus. Prior to founding CityMD in 2010, Dr. Park was an Attending Physician in the Emergency Department at Long Island Jewish Medical Center. I told them that IPAs were better than not. I envied that. in economics from the Wharton School of the University of Pennsylvania and an MD from Albert Einstein College of Medicine. 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. I would ask the sameAsian internduring a job interview, What are your demands? 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. He is a co-editor of McGraw Hills Intensive Review of Emergency Medicine. 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. 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. Rendr is an expression of that. CityMD - City Medical of Upper East Side. To connect with Dr. Park, email him at rpark@citymd.net. ? Theyd often say something to the effect of, . Buck Ennis. On this Wikipedia the language links are at the top of the page across from the article title. Show A Healthy Dose, Ep Richard Park - Feb 7, 2019 Talkiatry has partnered with a number of insurance providers including United Healthcare, Aetna, BlueCross BlueShield and more. 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.. Currently, Talkiatry has 44 clinicians on its platform, with 33 as psychiatrists and the remaining as nurse practitioners. By not using a contractor model, Talkiatry will have more stability in its services but could struggle with scale. Fax+1 516-342-7076. Each culture has to put their part in for the greater good. He currently resides in South Korea. . 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. Early life and education. So how do you combine this telemedicine experience with a brick-and-mortar experience? The startups true innovation lies in its plan to make psychiatric services covered by insurance providers for consumers. His office accepts new patients. primary care offered alongside other sub-specialties), which Im a big believer in. Rendr is about self-advocacy and its about creating the fundamental business to grow in a value-based world. 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. 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. Many plans today dont cover mental health services beyond a certain point and at the same time, many high-quality psychiatrists dont participate in private insurance plans because of minimal reimbursement and paperwork nightmares. Chris: Any particular resources that informed your entrepreneurial journey, or that you use to keep up on the trends in the market and industry? Dr. Richard Park is a Managing Partner and Co-Founder of Ascend Partners. Two years later, Rendr is in 34 locations with 80 providers serving nearly 100,000 patients. It is the largest urgent care company in the New York metro area. What can health care leaders do now to address the problems plaguing Asian American communities? It's time for your annual flu shot, and CityMD has you covered. But in 2005, he started working somewhere else: an urgent care clinic in New Hyde Park on Long Island. We did that by standardizing practices across 3,000 employees and 650 doctors. 2023 Health Evolution. Rich: We have to integrate the best of all worlds, make healthcare go from Blockbuster to Netflix. Richard Park started his career as an emergency room doctor. Jeffrey Le Benger, who was the CEO of Summit Medical Group, has been named CEO of the combined organization. We are vertical integrators, and we concentrate on specific geographies so that we can better meet the needs of our patients. As a child of struggling Asian immigrants, I understand the deeply rooted barriers to equal health services for immigrants and people of color. You have this dedicated group of providers who have worked seven days per week for decades. The primary care group is an opportunity for the entrepreneur togive back to the Asian American communities within the city. 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. Dr. Park studied emergency medicine in the Long Island Jewish Medical Centers residency program, where he served as chief resident. How do you get doctors to standardize? Theyd want a corner office. Previously, Richard was the Chief Executive Officer & Co-Founde r at Ascend Partners and also held positions at Urgent Care Association, Rendr, Long Island Jewish Medical Center.

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