In 2019, he started a private equity firm of his own, Ascend Partners. At CityMD, we punched way above our weight class. All Rights Reserved. At 45 years old, Richard Park height is 6ft 0in (183cm) and Weight 190lb (86kg; 13st 8lb). His birth sign is Leo and his life path number is 1. 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. Dr. Richard Park is a healthcare investor, entrepreneur, and board-certified emergency medicine physician. . All Rights Reserved. What are yourrequirements? Theyd often say something to the effect of, Whatever you want. He graduated from ALBERT EINSTEIN MEDICAL CENTER in 1999. Richard's birth flower is Gladiolus and birthstone is Peridot and Sardonyx. Not in an arrogant way, but so they have a rightful place at the table. If you're in emotional distress, contact the National Suicide Prevention Hotline. You have to strip down to the basic, fundamental, industrial operational needs before you can handle value-based care. Not the Richard Park you were looking for? 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. Rich: A lot of healthcare solutions are segmented, like, for example, telemedicine or revenue cycle management. Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. 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. It's now being led by the very capable and very charismatic Dr. Jeff Le Benger. [1] [2] [3] The company operates more than 150 urgent care centers in New Jersey and New York. 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 startup will rapidly and consistently hire psychiatrists with varying backgrounds to serve consumers. Since CityMD merged with Summit Medical Group in August 2019, Dr. Park has been serving as Vice-Chairman of the combined entity. Korean-American retired hockey player who played for teams like the Minnesota Wild and New York Islanders during his fourteen NHL seasons. He is from American. 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 recommend you to check the complete list of Famous People born on 27 May. And there are many innovative primary care offerings, as well as integrated delivery networks (e.g. That check was led by Sikwoo Capital Partners with participation from Relevance Ventures and Park. So a patient can call, text, or email us, and then be supported by the physical clinics. Its a methodology and a mindset. Plus, in order to expand into new markets, Talkiatry has to go through the arduous legal process of local licensing requirements, instead of just going to a white-label solution that helps staff similar companies while offloading individual practitioner certification. Below are excerpts from this conversation. Dr. Park, the former CEO of CityMD, will now serve as the Vice-Chairman of the combined organization. Subsequently, we hope these interviews spur further thought and potential innovation and action in the areas discussed. 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. In 2017, Warburg Pincus acquired a majority stake in the company. Prior to founding CityMD in 2010, he was an Attending Physician in the Emergency Department at Long Island Jewish Medical Center. Let's find out! 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. Its time for your annual flu shot, and CityMD has you covered. Also learn how He earned most of networth at the age of 44 years old? Overall rating 4.56 Wait time 4.44 Bedside manner 4.47 Your trust is our top concern, so providers can't pay to alter or remove reviews. 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. And also to decrease the frustrations of our practice by supporting them with scribes and. 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. The payers need someone who can catch their fastball, especially in the Medicare and Medicaid world. A single family. We are vertical integrators, and we concentrate on specific geographies so that we can better meet the needs of our patients. 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? How do we do that? 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 . [7] They also paid New York state another $883,000 to settle false claims allegations.[8]. 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. Instead, we pour billions into things that add more weight on the top of the health system without reinforcing the bottom. "You're at Stuyvesant," Dr. Richard Park ('90), Chief Executive Officer (CEO) at CityMD and Emergency Medicine physician, said. Dr. Richard Park is a Managing Partner and Co-Founder of Ascend Partners. The Asian interns would never make eye contact, never came into my office and were too intimidated to even make conversation. Talkiatry has none of these restrictions and can be used like any other in-network doctor you typically go to.. Rich: Im a voracious reader, and I compound that by meeting a lot of people. TheAsian internswould never make eye contact, never came into my office andweretoo intimidated to even makeconversation. I told them that IPAs were better than not havingorganizationat allbut what would be betterthan an IPAis if they became a single practice. Fierce Pharma. 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. 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. Timezone . I often tell that story to our providers and even some of our payers. Through the pandemic, Summit CityMD continues "to have [an] 89 Net Promoter Score," Le Benger says. Rendris about self-advocacy and its about creating the fundamental business to grow in a value-based world. All Rights Reserved. Payers. If you achieve that, it underscores the standardization of workflow and systems that youve put in place. And how do you make that model easy for a patient to navigate? Just walk-in to any location, no appointment necessary. He also educates both residents and attending physicians as the co-director of the NS-LIJs Manhattan Board Review for Emergency Medicine. 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. The concept started when a group of Asian physiciansin NYCwanted to start an independent physician association (IPA) and went to him for advice. CityMD is a healthcare company co-founded in 2010 by Dr. Rich Park and a group of 8 physicians. Phone+1 516-342-7075. What do you think? Wrong answer. He lives with me, and when I occasionally take an extra day to prescribe him his medications, he gets impatient. If healthcare is a puzzle, each piece should certainly be of high quality, but its critical to put each of those pieces together. It doesnt have to do with technology tools. Chris: As CityMD has scaled to over 550 providers, how do you maintain particular company culture as a health services provider? 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. didnt sit back and take a victory lap. He is board-certified in emergency medicine and completed his medical studies at Albert Einstein College of Medicine in New York. In 2017, he sold the company for $600 million to a private equity firm, Warburg Pincus. These include reviewing labs, fielding patient concerns/complaints, coordinating advanced imaging, and coordinating referral follow-ups to specialists. CityMD formed as an alternative to primary care physicians booked. The five-year-old company is on pace to have more than 70 locations by the end . A singlefamily. New York, NY . Below are excerpts from this conversation. In 2017, he sold the company for $600 million. Medstartr Momentum. It has done 30,000 visits since its launch. Attacks on Asian Americans spiked during the pandemic. 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 . New York, New York (PRWEB) November 19, 2014 CityMD has officially opened their second brand new urgent care office in Union Square. But from the beginning, we tried to place everyone where they would be most impactful. 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. Most Popular Boost Birthday May 27, 1976 (age 46) Birthplace South Korea. 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. We help treat a range of symptoms and urgent care needs. 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 . Listen for unforgettable stories and insights into a mission-driven healthcare career, such as: The inspiration behind Richard's career in medicine. Prior to founding CityMD in 2010, Dr. Park was an Attending Physician in the Emergency Department at Long Island Jewish Medical Center. Dr. Richard Park, MD is an Emergency Medicine Specialist in Uniondale, NY and has over 24 years of experience in the medical field. Richard L. "Dick" Duchossois, 95, Chairman of Arlington Park at Arlington Park on May 2, 2017. . A short-term goal is rendering world-class care for hardworking immigrants. One of the opportunities here is to get these providers to advocate for themselves. One third is spent with my direct reports, another at the actual CityMD sites with the front-line staff. Richard Park's income source is mostly from being a successful Player. As for Park, hedidnt sit back and take a victory lap. For example, my dad is 80 years old, medically complicated. Through that company, he rolled out his latest venture, Rendr. But healthcare suffers from being too fragmented. 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. 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. 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. Through that company, he rolled out his latest venture,Rendr. They keep their medical loss ratio costs so low. Richard Park, M.D. 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 Kirk Falconer October 27 2020 ShareA-A+100% In Seon Hwang This interview features Dr. Richard Park, the Founder of CityMD, the leading urgent care provider in the New York Metro Area and Seattle, Washington. In 2017, he sold the company for $600 million to a private equity firm, Warburg Pincus. 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. What kind of challenges have you see in terms of health care for the Asian American population, in New York City and beyond? 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. Richard Park Net Worth His net worth has been growing significantly in 2020-2021. If youre not standardized, you cant scale. 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. Chris: Can you contextualize the consolidation trend within the healthcare industry, with the recent news on Summit Medical Group and CityMD merging? Pros Aug. 13, 2019, 04:45 PM. The IPO story is fantastic. All Rights Reserved. It is the largest urgent care company in the New York metro area. It takes self-responsibility and advocacy. 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. Discover Richard Parks Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. I would ask the same Asian intern during a job interview, What are your demands? Below are excerpts from this conversation. Alignment is really important, Park said. Dr. Richard Park is a Managing Partner and Co-Founder of Ascend Partners. 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. Make it work here. We were punching above our weight class, but we knew urgent care was a hot industry. As of 2022, Richard Park's net worth is $100,000 - $1M. Multi-site, multi-stateI get it. We have estimated Richard Parks net worth, money, salary, income, and assets. What kind of challenges have you see in terms of health care for the Asian American population, in New York City and beyond? Rendr is an expression of that. They are a 100-year-old institution with every specialty, and merged with CityMD, which was 100 months old. Copyright 2023 Rendrcare. So, how much is Richard Park worth at the age of 45 years old? Doctors resist standardization. Dr. Park studied emergency medicine in the Long Island Jewish Medical Centers residency program, where he served as chief resident. 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. They want to add on AI, telemedicine, and all of this other stuff. Is this information wrong? What can health care leaders do now to address the problems plaguing Asian American communities? He said his competitors have also focused more on lessening the out-of-pocket costs instead of avoiding them altogether. in economics from the Wharton School of the University of Pennsylvania and an MD from Albert Einstein College of Medicine. Solve your own problems. Its New . Right now, multimodal communication pathways are of a keen focus on healthcare. 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. Founder and former CEO, CityMD. Office. Often times, non-Asian internswould kind of justbargein my door and say, Hey Rich.They were very comfortable and very casual. Text HOME to the Crisis Text Line and connect to a counselor immediately. Park recently spoke with Health Evolution about the challenges. Each culture has to put their part in for the greater good. His office accepts new patients. Dr. Richard Park, CityMD's co-founder and CEO, will. Fierce Life Sciences Events. Dr. Richard Park is a Managing Partner and Co-Founder of Ascend Partners. No items found. And given our merger with Summit Medical Group, patients will now be able to receive quality, convenient care in virtually every sub-specialty. 2023 Health Evolution. So how do you combine this telemedicine experience with a brick-and-mortar experience? Today he is behind a venture to provide medic. . Our goal is to make world class care for working class immigrants here in New York. Fierce Healthcare. Theres so much to do. Were a new kind of network-driven venture capital firm focused exclusively on early-stage health and life sciences startups. Every culture has their own challenges, and they have enough challenges for themselves. Aftercare supports our site physicians by providing a safety net to perform anything and everything 7 days a week in real-time support. 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. ChenMeds approach to senior care is also intriguing and inspiring. 741-741. What the issue comes to next is are they really, really solving the problem, or are they working around it?. Dr. Park studied emergency medicine in the Long Island Jewish Medical Centers residency program, where he served as chief resident. Lets focus on getting better here. Two years later, Rendr is in 34 locations with 80 providers serving nearly 100,000 patients. Rendr is about self-advocacy and its about creating the fundamental business to grow in a value-based world. I left management and sit on the board. We believe systems work. Dr. Richard Park has shaken up New York City's health care industry with his CityMD walk-in clinics, an urgent-care chain with 48 clinics, many of them added through a December 2013 merger with . his net worth was estimated to be at least $63.8 million.) By not using a contractor model, Talkiatry will have more stability in its services but could struggle with scale. Chief Executive Officer at Rendr . Chris: Id love to hear you describe what your current day-to-day looks like, and whats most exciting to you and your team. Call us any time at 530.MED.STAR Copyright 2023 Rendrcare. All of this hinges on the idea that urgent care centers . Main Stage 1:15 PM - 2:00 PM Subscribe to our free mailing list for announcements, freebies and more! 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 . 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. 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. Thats the challenge of health care. As for Park, he didnt sit back and take a victory lap. Cofounder of CityMD Dr. Richard Park Provides Care to Asian Immigrants. at the Brooklyn Unity Health and Resources Fair at Leif Ericson Park this Saturday (Sep 17) from 11AM to 3 PM. The biggest challenge is finding leadership to get doctors to work together. Richard Park, CityMD's co-founder and CEO, will serve as vice chairman and Rob Connor, CityMD's president, has been appointed president. Providers Locations FAQs Blog. People want to make things more complex. . Lets do it ourselves. Rich: Theres a lot of integration across specialties, such as urgent care, dermatology, and orthopedic practices to name a few. I envied that. We place a lot of importance on specialization and being really good at one thing. The key is to meet people who work in healthcare. The primary care group is an opportunity for the entrepreneur to give back to the Asian American communities within the city. Focused on driving awareness, adoption, partnerships, and investments in . According to our Database, He has no children. Todd Park is a Korean American entrepreneur and government executive. Co-Founder Ascend Partners Oct 2019 - Present3 years 5 months Greater New York City Area Ascend Partners is a healthcare focused private equity partnership co-founded by In Seon Hwang, former. DETAILS BELOW. He is not dating anyone. 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). All Rights Reserved. Short term, we dont have a budget. 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. . 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. Dr. Park received a B.S. Through that company, he rolled out his latest venture,Rendr. The primary care group is an opportunity for the entrepreneur togive back to the Asian American communities within the city. And yet when they deal with payers, its the same mentality, What do you think? Self-advocacy is so important. 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. Theyd want a corner office. Dr. Park is a board certified emergency medicine physician with deep healthcare operating experience, and is a successful serial entrepreneur and investor who has worked with companies from conceptualization through execution and multiple exits. **This interview has been edited and condensed for the sake of clarity.**. A son of Korean immigrants, Dr. Richard Parkthe cofounder of CityMDgrew up in the New York borough of Queens. 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. And yet when they deal with payers, its the same mentality, What do you think? Self-advocacy is so important. 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. 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. Chris: Is there still room for independent practices to exist given the consolidation trend? 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. Building a team of all-in players is the secret sauce of CityMD. Every time a doctor joins us, we can improve their performance and deliver better patient care to this community. Sign up to get the latest news from CityMD. When I was the CEO ofCityMD,we hadAsian and non-Asian interns. The concept started when a group of Asian 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. 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. In 2019, he started a private equity firm of his own, Ascend Partners. Get 5 free searches. Richard Park is the founder and CEO of CityMD, an urgent care clinic in NYC and beyond that is redefining access to care. Whatdo you think?Wrong answer. Copyright 2021 Calex Partners, LLC. Often times, n. They were very comfortable and very casual. With that being said, selfadvocacy is important. 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. 2023 Health Evolution. Rich: Yes, but its certainly more challenging than it once was. And then the rest is spent with more of an external focus meeting potential partners, learning about what other companies are doing. Mar 2010 - Present12 years 11 months. In addition, he is a board certified emergency medicine physician with deep healthcare operating experience and is a successful serial entrepreneur and investor who has worked with companies from conceptualization through execution and multiple exits. Dr. Park lives on Long Island with his wife and two children. This world needs basic systems that allow them to repeatedly scale with predictable results. What are your requirements? Theyd often say something to the effect of, Whatever you want. See more providers. Dr. Park was recognized as an expert educator, receiving a system-wide award in 2007. 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. 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 . [6], It was reported that in 2018, CityMD agreed to pay Medicare $6.6 million for billing fraud. counterparts would ask for like $200,000 right out of college. These networks arent particularly widespread. Talkiatry has hired psychiatrists as W-2 employees instead of contractors. Often times, non-Asian interns would kind of just barge in my door and say, Hey Rich. They were very comfortable and very casual. 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. Dr. Park lives on Long Island with his wife and 2 children. 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. Focused on driving awareness, adoption, partnerships, and investments in the best new ideas in healthcare. Others may only be allowed a certain number of visits and some may only be available if your employer decides to offer it in addition, he said. We do this by talking about our mission to serve kindness incessantly. [4] CityMD employs over 700 physicians and mid-level practitioners. Theres many people who have identified the problem that [psychiatrists are not accessible], said Krayn. Find a CityMD near you: Need a flu shot? Our StoryDr. We have to fix it. At Rendr, were a little more thoughtful. Home | CityMD Walk in when you need us With over 150 locations across NY and NJ, we'll take care of you. Communication pathways are of a keen focus on healthcare and richard park citymd net worth, Hey rich of Korean immigrants dr.. Of networth at the age of 45 years old, Richard Park worth at age!, such as urgent care, dermatology, and we concentrate on specific geographies that... Get the latest news from CityMD is Richard Park height is 6ft 0in ( 183cm and! Have enough challenges for themselves to settle false claims allegations. [ 8 ] needs you... Medicaid world healthcare company co-founded in 2010, he has no children them... Formed as an alternative to primary care offerings, as well as integrated delivery (.: a lot of importance on specialization and being really good at thing... To primary care physicians booked Boost Birthday May 27, 1976 ( age 46 ) Birthplace South Korea and! - 2:00 PM Subscribe to our free mailing list for announcements, freebies and more private firm. 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