Pros Dr. Park studied emergency medicine in the Long Island Jewish Medical Centers residency program, where he served as chief resident. Search. Rich: We have to integrate the best of all worlds, make healthcare go from Blockbuster to Netflix. "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. At 45 years old, Richard Park height is 6ft 0in (183cm) and Weight 190lb (86kg; 13st 8lb). Find contact details for 700 million professionals. Sign up to get the latest news from CityMD. Dont wait for someone to solve your problems. 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. Not the Richard Park you were looking for? Dr. Richard Park is a Managing Partner and Co-Founder of Ascend Partners. He was . One third is spent with my direct reports, another at the actual CityMD sites with the front-line staff. 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 . Iora Health and Oak Street Health are well-regarded from an innovative delivery standpoint. DETAILS BELOW. The startup will rapidly and consistently hire psychiatrists with varying backgrounds to serve consumers. 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. Doctors resist standardization. We were punching above our weight class, but we knew urgent care was a hot industry. It is the largest urgent care company in the New York metro area. A wide range of evolving and emerging issues that are shaping the future of health care. Prior to founding CityMD in 2010, Dr. Park was an Attending Physician in the Emergency Department at Long Island Jewish Medical Center. Talkiatry has partnered with a number of insurance providers including United Healthcare, Aetna, BlueCross BlueShield and more. Maybe in 10 years, someone can take it to another state. Alignment is really important, Park said. Call us any time at 530.MED.STAR
We have to fix it. He is currently CEO of Rendr, a primary care practice serving the Asian population in New York City. He is currently CEO of Rendr, a primary care practice serving the Asian population in New York City. 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. 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. Rendris in 34 locations with 80 providers serving nearly 100,000 patients. CITYMD has 39 locations in the five boroughs. We cant wait for someone to solve problems in our communities. Rendr is an expression of that. Below are excerpts from this conversation. Richard Park, Physician and Entrepreneur Cofounder of CityMD, Dr. Richard Park grew up in the New York borough of Queens, a son of Korean immigrants. Solve your own problems. Theyd want a corner office. CityMD and Summit Medical Group (a premier independent multispecialty practice) recently announced their merger. I envied that. When I was the CEO of CityMD, we had Asian and non-Asian interns. He also educates both residents and attending physicians as the co-director of the NS-LIJs Manhattan Board Review for Emergency Medicine. The primary care group is an opportunity for the entrepreneur to give back to the Asian American communities within the city. He was born in 1970s, in Generation X. CityMD - City Medical of Upper East Side. A single family. He lives with me, and when I occasionally take an extra day to prescribe him his medications, he gets impatient. Text HOME to the Crisis Text Line and connect to a counselor immediately. Focused on driving awareness, adoption, partnerships, and investments in the best new ideas in healthcare. **This interview has been edited and condensed for the sake of clarity.**. Standardization works. CityMD accepts most major health insurances including Managed Medicaid, Medicare Advantage, and exchange plans. Jeffrey Le Benger, who was the CEO of Summit Medical Group, has been named CEO of the combined organization. Check out what Richard Park will be attending at Bloomberg Breakaway 2017. The non-Asian counterparts would ask for like $200,000 right out of college. That check was led by Sikwoo Capital Partners with participation from Relevance Ventures and Park. Short term, we dont have a budget. They keep their medical loss ratio costs so low. 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. About us Careers Legal Contact us. Copyright 2021 Calex Partners, LLC. I told them that IPAs were better than not. Alignment is really important, Park said. Chris: In your mind, what does a 10-star medical clinic visit look like? He graduated from ALBERT EINSTEIN MEDICAL CENTER in 1999. 1345 Rxr Plz. Instead, we pour billions into things that add more weight on the top of the health system without reinforcing the bottom. Fierce Biotech. Below are excerpts from this conversation. I often tell that story to our providers and even some of our payers. He is board-certified in emergency medicine. Richard Park, MD. And yet when they deal with payers, its the same mentality, What do you think? Self-advocacy is so important. Dr. Park lives on Long Island with his wife and 2 children. 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. Walgreens' VillageMD inks $9B deal to buy Summit Health. Fl 15. Providers Locations FAQs Blog. It is very rewarding especially if everyone works as a team and gets along well. Aftercare supports our site physicians by providing a safety net to perform anything and everything 7 days a week in real-time support. 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. Fax+1 516-342-7076. The key lesson when we were starting out was to find great people and retain them. If healthcare is a puzzle, each piece should certainly be of high quality, but its critical to put each of those pieces together. The bigger challenge for many providers is to replace Windows 95 on their computers. Two years later, Rendr is in 34 locations with 80 providers serving nearly 100,000 patients. ChenMeds approach to senior care is also intriguing and inspiring. [5] On June 20, 2019, CityMD announced plans to merge with Summit Medical Group. Through that company, he rolled out his latest venture,Rendr. CEO . Dr. Richard Park is a healthcare investor, entrepreneur, and board-certified emergency medicine physician. Were looking for standardization so all providers and payers can move together. I would ask the same Asian intern during a job interview, What are your demands? You have to strip down to the basic, fundamental, industrial operational needs before you can handle value-based care. So, how much is Richard Park worth at the age of 45 years old? New York, New York (PRWEB) November 19, 2014 CityMD has officially opened their second brand new urgent care office in Union Square. Loved taking care of the patients. 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. We do that by investing in the fundamentals and making our practices repeatable, scalable and predictable. Chris: Is there still room for independent practices to exist given the consolidation trend? CityMD formed as an alternative to primary care physicians booked. 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. 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.. What does this all mean? Richard Park is the founder and CEO of CityMD, an urgent care clinic in NYC and beyond that is redefining access to care. This interview features Dr. Richard Park, the Founder of CityMD, the leading urgent care provider in the New York Metro Area and Seattle, Washington. 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. Our StoryDr. Its competition is paying attention. 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. . Park recently spoke with Health Evolution about the challenges. According to our Database, He has no children. A son of Korean immigrants, Dr. Richard Parkthe cofounder of CityMDgrew up in the New York borough of Queens. Office. 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 . Others Named Richard Park. 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. Uniondale, NY 11556. Talkiatry has hired psychiatrists as W-2 employees instead of contractors. Most Popular Boost Birthday May 27, 1976 (age 46) Birthplace South Korea. Find a CityMD near you: Need a flu shot? 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. As of 2022, Richard Park's net worth is $100,000 - $1M. The five-year-old company is on pace to have more than 70 locations by the end . Through that company, he rolled out his latest venture, Rendr. It doesnt have to do with technology tools. Timezone . Richard received a medical degree degree from The Albert Einstein College of Medicine. . The concept started when a group of Asian physicians. Finance. Richard Park, MD. Talkiatry has none of these restrictions and can be used like any other in-network doctor you typically go to.. Our goal is to make world class care for working class immigrants here in New York. New York, NY . Is this information wrong? People want to make things more complex. Dr. Park, the former CEO of CityMD, will now serve as the Vice-Chairman of the combined organization. We believe systems work. Since opening a single clinic on the Upper East Side in 2010, urgent-care chain CityMD has grown to 68 locations in three states. wanted to start an independent physician association (IPA) and went to him for advice. 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. [7] They also paid New York state another $883,000 to settle false claims allegations.[8]. at the Brooklyn Unity Health and Resources Fair at Leif Ericson Park this Saturday (Sep 17) from 11AM to 3 PM. "You're at Stuyvesant," Dr. Richard Park ('90), Chief Executive Officer (CEO) at CityMD and Emergency Medicine physician, said. Right now, multimodal communication pathways are of a keen focus on healthcare. Just walk-in to any location, no appointment necessary. a private equity firm, Warburg Pincus. How do you get doctors to standardize? Dr. Park was recognized as an expert educator, receiving a system-wide award in 2007. In 2019, he started a private equity firm of his own, Ascend Partners. UPDATED 8:19 PM ET Dec. 28, 2021. But healthcare suffers from being too fragmented. . Were a new kind of network-driven venture capital firm focused exclusively on early-stage health and life sciences startups. Chief Executive Officer at Rendr . 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? Richard Park Hockey Player #123615. With that being said, selfadvocacy is important. His office accepts new patients. 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. How do we do that? They provide incredible access and care for their patients. Stability among its supply of psychiatrists is key here. Make it work here. What are your requirements? Theyd often say something to the effect of, Whatever you want. Park said CityMD has a Long Island City call center with 90 people taking calls to make sure that follow-up visit happens. A short-term goal is rendering world-class care for hardworking immigrants. Prior to founding CityMD in 2010, he was an Attending Physician in the Emergency Department at Long Island Jewish Medical Center. or email us at events@medstartr.com, Provider Momentum: Richard Park of CityMD, MASSIVE GROWTH: Where Baby Unicorns Come From, Healthcare Innovation Rule # 8: Passion is Not Enough, Healthcare Innovation Rule # 9: Do One Thing Well, 10 Rules for Driving Innovation in Healthcare Rule # 10 Be in the right place. Richard Park was born on 27 May, 1976 in American, is an American ice hockey player. In 2017, he sold the company for $600 million to a private equity firm, Warburg Pincus. If you achieve that, it underscores the standardization of workflow and systems that youve put in place. [1][2][3] The company operates more than 150 urgent care centers in New Jersey and New York. Dr. Park received a B.S. By Gabriel Perna June 15, 2021 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. 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. Will Rendr primarily be based in NYC like CityMD or are their plans to go beyond? Through the pandemic, Summit CityMD continues "to have [an] 89 Net Promoter Score," Le Benger says. People want to make things more complex. The concept started when a group of Asian physiciansin NYCwanted to start an independent physician association (IPA) and went to him for advice. CityMD. 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. didnt sit back and take a victory lap. in economics from the Wharton School of the University of Pennsylvania and an MD from Albert Einstein College of Medicine. This world needs basic systems that allow them to repeatedly scale with predictable results. We are not even on the right planet or even on the same universe. It takes self-responsibility and advocacy. 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 . What the issue comes to next is are they really, really solving the problem, or are they working around it?. Richard Park Height, Weight & Measurements. We help treat a range of symptoms and urgent care needs. Korean-American retired hockey player who played for teams like the Minnesota Wild and New York Islanders during his fourteen NHL seasons. All Rights Reserved. Its time for your annual flu shot, and CityMD has you covered. What kinds of goals do you have for Rendr? CityMD is a healthcare company co-founded in 2010 by Dr. Rich Park and a group of 8 physicians. Subscribe to our free mailing list for announcements, freebies and more! Phone+1 516-342-7075. We help treat a range of symptoms and urgent care needs. Every culture has their own challenges, and they have enough challenges for themselves. Multi-site, multi-stateI get it. He is a co-editor of McGraw Hills Intensive Review of Emergency Medicine. Rich Park, Chairman & CEO Executive Leadership Dr. Nedal Shami, President Will Nestor, COO & CAO David Shih, CMO Claudia Honan, CLO Munish Khaneja, CSO Rob Cho, Chief Financial Officer and SVP of Finance Leadership & Management Scott Farnsworth, CMIO Mohamed Humaidi, SVP Data & Analytics Kristie Bailey, SVP of VBP Contracting and Strategy 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. 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. One of the opportunities here is to get these providers to advocate for themselves. In 2019, he started a private equity firm of his own, Ascend Partners. Aftercare supports our brick-and-mortar services. He is from American. I often tell that story to our providers and even some of our payers. 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