Copyright 2023 Rendrcare. On this Wikipedia the language links are at the top of the page across from the article title. Richard Park (born May 27, 1976) is famous for being hockey player. So, how much is Richard Park worth at the age of 45 years old? I told them that IPAs were better than not havingorganizationat allbut what would be betterthan an IPAis if they became a single practice. "CityMD shakes up New York's health care industry", "Guilt Is the Most Effective Medicine in This Relatable New York Clinic Ad", "Private-equity firm Warburg Pincus to acquire CityMD", "CityMD and Summit Medical Group Announce Plans to Merge to Deliver an Unparalleled Patient Care Experience", "CityMD ponies up $6.6M for submitting false claims to Medicare", "CityMD Pays $883K to Settle NY False Claims Allegations", https://en.wikipedia.org/w/index.php?title=CityMD&oldid=1136356892, Medical and health organizations based in New York City, Pages containing links to subscription-only content, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 29 January 2023, at 23:32. 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. In 2019, he started a private equity firm of his own, Ascend Partners. That is a hard find. **This interview has been edited and condensed for the sake of clarity.**. You have to do it. 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. Home | CityMD Walk in when you need us With over 150 locations across NY and NJ, we'll take care of you. 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. 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. Richard Park of CityMD. 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. Most of our larger shareholders ended up becoming line docs within the company, helping us do whatever it took. This world needs basic systems that allow them to repeatedly scale with predictable results. No items found. And there are many innovative primary care offerings, as well as integrated delivery networks (e.g. They keep their medical loss ratio costs so low. They provide incredible access and care for their patients. It takes self-responsibility and advocacy. Multi-site, multi-stateI get it. With that being said, selfadvocacy is important. Dr. Park studied emergency medicine in the Long Island Jewish Medical Centers residency program, where he served as chief resident. 2023 Health Evolution. Were looking for standardization so all providers and payers can move together. You have to strip down to the basic, fundamental, industrial operational needs before you can handle value-based care. Once you find the obituary you are looking for, you can get important information about upcoming services, share a favorite photo or memory, and . 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. All Rights Reserved. It doesnt have to do with technology tools. Make it work here. Rich: Yes, but its certainly more challenging than it once was. Dr. Park, the former CEO of CityMD, will now serve as the Vice-Chairman of the combined organization. Asian and non-Asian interns. Urgent Care in New York, City MD can help you avoid waiting for hours in an emergency room or for a scheduled . One of the opportunities here is to get these providers to advocate for themselves. As a physician-entrepreneur, what are some of the guiding principles that helped you transition from provider to founder/CEO? You have this dedicated group of providers who have worked seven days per week for decades. People want to make things more complex. 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. Theres many people who have identified the problem that [psychiatrists are not accessible], said Krayn. And given our merger with Summit Medical Group, patients will now be able to receive quality, convenient care in virtually every sub-specialty. Short term, we dont have a budget. 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. People want to make things more complex. | By CityMD | Facebook Log In Forgot Account? [1] [2] [3] The company operates more than 150 urgent care centers in New Jersey and New York. 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. and more. Timezone . Were sticking with the New York metro area. Let's find out! Buck Ennis. Richard Park's income source is mostly from being a successful Player. Cofounder of CityMD Dr. Richard Park Provides Care to Asian Immigrants. 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. You can search by first or last name, state and publication date. Richard Parks is an Executive VP & Chief Executive (Texas & New Mexico) at Providence based in Renton, Washington. They are a 100-year-old institution with every specialty, and merged with CityMD, which was 100 months old. He is not dating anyone. 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. 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. Focused on driving awareness, adoption, partnerships, and investments in the best new ideas in healthcare. Browse our full list to see if youre covered. 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. And yet when they deal with payers, its the same mentality, What do you think? Self-advocacy is so important. 0 (0 ratings) Leave a review Citymd Aftercare 1345 Rxr Plz Uniondale, NY 11556 Accepting new patients Make an Appointment 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. According to our Database, He has no children. We recommend you to check the complete list of Famous People born on 27 May. About us Careers Legal Contact us. Q & A with Dr. Richard Park, CEO, CityMD By FastCo Works New York City-based urgent-care clinic CityMD has grown from one to 55 locations in five years, and is on track to reach 71 by year's end. primary care offered alongside other sub-specialties), which Im a big believer in. 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). Standardization works. He is currently CEO of Rendr, a primary care practice serving the Asian population in New York City. 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. contributor to these communities as we continue to provide high quality healthcare to all New Yorkers," says CEO Dr. Richard Park. Today he is behind a new venture to. Not in an arrogant way, but so they have a rightful place at the table. Its New . Since CityMD merged with Summit Medical Group in August 2019, Dr. Park has been serving as Vice-Chairman of the combined entity. Rich: Im a voracious reader, and I compound that by meeting a lot of people. In 2017, he sold the company for $600 million. 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. His net worth has been growing significantly in 2020-2021. 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. What does this all mean? 988. The payers need someone who can catch their fastball, especially in the Medicare and Medicaid world. Aug. 13, 2019, 04:45 PM. 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. 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 . Find a CityMD near you: Need a flu shot? 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. Something is taking longer than usual. What kind of challenges have you see in terms of health care for the Asian American population, in New York City and beyond? Learn How rich is He in this year and how He spends money? 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. His birth sign is Leo and his life path number is 1. In 2019, he started a private equity firm of his own, Ascend Partners. All of this hinges on the idea that urgent care centers . Show A Healthy Dose, Ep Richard Park - Feb 7, 2019 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. Discover Richard Parks Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. 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 are vertical integrators, and we concentrate on specific geographies so that we can better meet the needs of our patients. 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. CoFounder Partner and Former CEO @ CITYMD; Board Member @ CITYMD; see more . Loved my job as a scribe. If someone was sick or needed time off, another team member would step up and sacrifice their own time and well-being to look out for their colleagues. Park was born in 1973 in Salt Lake City, Utah to South Korean immigrant parents. a private equity firm, Warburg Pincus. "You're at Stuyvesant," Dr. Richard Park ('90), Chief Executive Officer (CEO) at CityMD and Emergency Medicine physician, said. Often times, non-Asian interns would kind of just barge in my door and say, Hey Rich. They were very comfortable and very casual. Dr. Richard Park: At the end of 2019, I left management at CityMD when it merged with Summit Medical Group in New Jersey. You have this dedicated group of providers who have worked seven days per week for decades. Richard Park, CityMD's co-founder and CEO, will serve as vice chairman and Rob Connor, CityMD's president, has been appointed president. Dr. Park lives on Long Island with his wife and two children. How do we do that? I would ask the same Asian intern during a job interview, What are your demands? Korean-American retired hockey player who played for teams like the Minnesota Wild and New York Islanders during his fourteen NHL seasons. Asian American patients and providers face, standardization and scalability can improve patient care. All Rights Reserved. CityMD is a healthcare company co-founded in 2010 by Dr. Rich Park and a group of 8 physicians. Through that company, he rolled out his latest venture,Rendr. counterparts would ask for like $200,000 right out of college. Dr. We are not even on the right planet or even on the same universe. Is this information wrong? UPDATED 8:19 PM ET Dec. 28, 2021. Dr. Park holds expertise in all facets of urgent care delivery and operation. Building a team of all-in players is the secret sauce of CityMD. If youre not standardized, you cant scale. 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. his net worth was estimated to be at least $63.8 million.) At Rendr, were a little more thoughtful. As a child of struggling Asian immigrants, I understand the deeply rooted barriers to equal health services for immigrants and people of color. Loved taking care of the patients. 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. Sign in with Google I do not have a Google account 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 . So often these intentions are choked out by bureaucracy and paperwork. 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. Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. That check was led by Sikwoo Capital Partners with participation from Relevance Ventures and Park. Unity and alignment from our providers and payers on very clear metrics and goals. Again, Aftercare is our care coordination team manned by physicians, physician assistants, nurse practitioners, and other trained professionals to care for our patients after they leave our office. Dr. Richard Park is the founder and CEO of CityMD, a fast-growing chain of walk-in health clinics based in New York. If you're in emotional distress, contact the National Suicide Prevention Hotline. The biggest challenge is finding leadership to get doctors to work together. He graduated from ALBERT EINSTEIN MEDICAL CENTER in 1999. Find contact details for 700 million professionals. Founder and former CEO, CityMD. Every culture has their own challenges, and they have enough challenges for themselves. As for Park, hedidnt sit back and take a victory lap. Richard Park Net Worth His net worth has been growing significantly in 2020-2021. 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 . 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. 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. 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. Instead, we pour billions into things that add more weight on the top of the health system without reinforcing the bottom. He also educates both residents and attending physicians as the co-director of the NS-LIJs Manhattan Board Review for Emergency Medicine. Fierce Biotech. Also learn how He earned most of networth at the age of 44 years old? 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. In 2017, Warburg Pincus acquired a majority stake in the company. The billionaires -- who made their fortunes in biotechnology, pharmaceuticals, or medical devices -- were worth more than $66 billion in 2020, a fraction of the $32 trillion fortune of all 400 . Get 5 free searches. [4] CityMD employs over 700 physicians and mid-level practitioners. CityMD is a healthcare company co-founded in 2010 by Dr. Rich Park and a group of 8 physicians. Main Stage 1:15 PM - 2:00 PM Subscribe to our free mailing list for announcements, freebies and more! Stability among its supply of psychiatrists is key here. The IPO story is fantastic. The high customer experience rating "means my doctors were apathetic, altruistic, and they gave . Dr. Park was recognized as an expert educator, receiving a system-wide award in 2007. Below are excerpts from this conversation. We help treat a range of symptoms and urgent care needs. 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. The Asian interns would never make eye contact, never came into my office and were too intimidated to even make conversation. See more providers. Rich: When I started CityMD in 2010 alongside some fellow physicians, we had a lot to learn, having been strictly clinical physicians before. They mentioned that they had been tracking abnormal results for him for the past few visits, and asked if I had been aware of this. We have to fix it. We were punching above our weight class, but we knew urgent care was a hot industry. The concept started when a group of Asian physiciansin NYCwanted to start an independent physician association (IPA) and went to him for advice. in economics from the Wharton School of the University of Pennsylvania and an MD from Albert Einstein College of Medicine. And this is the story of CityMD. Prior to founding CityMD in 2010, Dr. Park was an Attending Physician in the Emergency Department at Long Island Jewish Medical Center. 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. New York, New York (PRWEB) November 19, 2014 CityMD has officially opened their second brand new urgent care office in Union Square. Richard Park, MD. All Rights Reserved. With over 150 locations across NY and NJ, well take care of you. Chris: Is there still room for independent practices to exist given the consolidation trend? Learn more What we treat. Chris: Any particular resources that informed your entrepreneurial journey, or that you use to keep up on the trends in the market and industry? Alignment is really important, Park said. is the founder and chief executive officer of CityMD, one of the largest and fastest growing urgent care providers in the country. 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. See what Richard Park will be attending and learn more about the event taking place May 2 - 3, 2017 . And then the rest is spent with more of an external focus meeting potential partners, learning about what other companies are doing. 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. Stay curious! 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. 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? 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. We do that by investing in the fundamentals and making our practices repeatable, scalable and predictable. At CityMD, we punched way above our weight class. Chris: Id love to hear you describe what your current day-to-day looks like, and whats most exciting to you and your team. Getting doctors to decrease variance and become more standardized. At 45 years old, Richard Park height is 6ft 0in (183cm) and Weight 190lb (86kg; 13st 8lb). It is the largest urgent care company in the New York metro area. Anyone who has spent any amount of time in, a massive success, growing to more than 100 locations across the, metro area. It's now being led by the very capable and very charismatic Dr. Jeff Le Benger. The primary care group is an opportunity for the entrepreneur to, give back to the Asian American communities within the city. 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. Dr. Richard Park is a healthcare investor, entrepreneur, and board-certified emergency medicine physician. Take a victory lap you transition from provider to founder/CEO them that were... Current day-to-day looks like, and whats most exciting to you and your team rest is spent with of... Care for the Asian interns would kind of challenges have you see in terms health! Deal with payers, its the same mentality, what do you think you and team... Very charismatic dr. Jeff Le Benger all facets of urgent care delivery and operation so providers... 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Of walk-in health clinics based in New York, City MD can you. His life path number is 1 now being led by Sikwoo Capital Partners with participation from Ventures... Income source is mostly from being a successful player experience rating & ;. Article title is finding leadership to get doctors to work together scalable and predictable not havingorganizationat allbut what would betterthan... In virtually every sub-specialty these intentions are choked out by bureaucracy and paperwork own, Ascend Partners an room... Least $ 63.8 million. mailing list for announcements, freebies and more the emergency Department at Long Island his... Will now be able to receive quality, convenient care in virtually every sub-specialty stability among its of... Were apathetic, altruistic, and i compound that by meeting a lot of people group! Database, he started a private equity firm of his own, Ascend Partners American patients and providers face standardization! 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