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. 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. We did that by standardizing practices across 3,000 employees and 650 doctors. He is currently CEO of Rendr, a primary care practice serving the Asian population in New York City. 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. What are some of the biggest challenges you have already faced in launching this venture and that you anticipate will be continuous? 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. With over 150 locations across NY and NJ, well take care of you. [5] On June 20, 2019, CityMD announced plans to merge with Summit Medical Group. | By CityMD | Facebook Log In Forgot Account? 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. All Rights Reserved. CITYMD has 39 locations in the five boroughs. Medstartr Momentum. Then, of course, there are those that form concierge practices that charge wealthier patients what basically amounts to as yearly retainer fees. The concept started when a group of Asian physicians. We recommend you to check the complete list of Famous People born on 27 May. 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. It takes self-responsibility and advocacy. [1] [2] [3] The company operates more than 150 urgent care centers in New Jersey and New York. Text HOME to the Crisis Text Line and connect to a counselor immediately. I envied that. 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. Jeffrey Le Benger, who was the CEO of Summit Medical Group, has been named CEO of the combined organization. Our StoryDr. We remind physicians of their identity and calling, and then we equip them to do so. Attacks on Asian Americans spiked during the pandemic. 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. Richard Parks is an Executive VP & Chief Executive (Texas & New Mexico) at Providence based in Renton, Washington. Theres so much to do. 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 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 . Rendr is about self-advocacy and its about creating the fundamental business to grow in a value-based world. Richard L. "Dick" Duchossois, 95, Chairman of Arlington Park at Arlington Park on May 2, 2017. . There is a lifetime of learning. 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. Park recently spoke with Health Evolution about the challenges. 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. "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 And these physicians tend to have been ignored and not paid attention to throughout their careers. Dr. Park, the former CEO of CityMD, will now serve as the Vice-Chairman of the combined organization. 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. The key is to meet people who work in healthcare. Chris: Can you contextualize the consolidation trend within the healthcare industry, with the recent news on Summit Medical Group and CityMD merging? Uniondale, NY 11556. 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. at the Brooklyn Unity Health and Resources Fair at Leif Ericson Park this Saturday (Sep 17) from 11AM to 3 PM. 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. His unparalleled education combined with his vision for delivering highly accessible, top-quality medical care has made CityMD the top urgent care in the NY metro area. Particularly those of us who went into primary care and/or emergency medicine. Right now, multimodal communication pathways are of a keen focus on healthcare. 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. For example, Ginger has made more efforts to bring in-network mental health solutions to users, recently partnering with AmeriHealth Caritas District of Columbia and Cigna. And given our merger with Summit Medical Group, patients will now be able to receive quality, convenient care in virtually every sub-specialty. "You guys are capable and healthy. 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. Rendris in 34 locations with 80 providers serving nearly 100,000 patients. And this is the story of CityMD. Korean-American retired hockey player who played for teams like the Minnesota Wild and New York Islanders during his fourteen NHL seasons. Rendr is an expression of that. All Rights Reserved. So how do you combine this telemedicine experience with a brick-and-mortar experience? Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. 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. Find contact details for 700 million professionals. All Rights Reserved. Most Popular Boost Birthday May 27, 1976 (age 46) Birthplace South Korea. Below are excerpts from this conversation. Providers. What kind of challenges have you see in terms of health care for the Asian American population, in New York City and beyond? Below are excerpts from this conversation. 2023 Health Evolution. If youre not standardized, you cant scale. 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? 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. Pros The five-year-old company is on pace to have more than 70 locations by the end . Subsequently, we hope these interviews spur further thought and potential innovation and action in the areas discussed. Today he is behind a venture to provide medic. Often times, n. They were very comfortable and very casual. Chris: Id love to hear you describe what your current day-to-day looks like, and whats most exciting to you and your team. Loved taking care of the patients. Call us any time at 530.MED.STAR
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. I often tell that story to our providers and even some of our payers. One third is spent with my direct reports, another at the actual CityMD sites with the front-line staff. Richard Park, MD. Home | CityMD Walk in when you need us With over 150 locations across NY and NJ, we'll take care of you. We are not even on the right planet or even on the same universe. As a physician educator, he served as Associate Program Director and was voted Teaching Attending of the Year by the residents in 2003, 2004, 2005 and 2006. 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 . Payers. You make everyone better. 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. 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. All Rights Reserved. Patients who are on Medicare and Medicaid in ethnic communities are serviced by cabals of ethnic physicians for obvious reasons, such as language. Once you find the obituary you are looking for, you can get important information about upcoming services, share a favorite photo or memory, and . Providers Locations FAQs Blog. 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. CityMD is a healthcare company co-founded in 2010 by Dr. Rich Park and a group of 8 physicians. Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. 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. A singlefamily. To connect with Dr. Park, email him at rpark@citymd.net. Counties in 2016," said Dr. Richard Park, CEO of CityMD. Discover Richard Parks Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Its competition is paying attention. In 2017, he sold the company for $600 million to a private equity firm, Warburg Pincus. It's time for your annual flu shot, and CityMD has you covered. **This interview has been edited and condensed for the sake of clarity.**. They provide incredible access and care for their patients. Its time for your annual flu shot, and CityMD has you covered. The primary care group is an opportunity for the entrepreneur to, give back to the Asian American communities within the city. 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. Ascend Partners, led by ex-Warburg healthcare head, unveils $300m fund Ascend was founded in 2019 by In Seon Hwang, formerly global head of healthcare at Warburg Pincus, and Richard Park, ex-CEO of Warburg portfolio company CityMD. Find a CityMD near you: Need a flu shot? These networks arent particularly widespread. That is a hard find. 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 . Richard Park Hockey Player #123615. Stay curious! CityMD and Summit Medical Group (a premier independent multispecialty practice) recently announced their merger. Rich: Physicians went into the practice of medicine to help others. It is very rewarding especially if everyone works as a team and gets along well. Loved my job as a scribe. 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. Discover all the facts that no one tells you about Richard Parks below It has done 30,000 visits since its launch. Richard Park Height, Weight & Measurements. We do that by investing in the fundamentals and making our practices repeatable, scalable and predictable. But what they did with my dad, and patients similar to him is actually flip that modality so that the call center is the brains of the operation, and the brick-and-mortar services operate in a supporting role. But in 2005, he started working somewhere else: an urgent care clinic in New Hyde Park on Long Island. Getting doctors to decrease variance and become more standardized. 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. Currently, Talkiatry has 44 clinicians on its platform, with 33 as psychiatrists and the remaining as nurse practitioners. Richard Park was born on 27 May, 1976 in American, is an American ice hockey player. A single family. 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 . Theyd want a corner office. 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. Often times, non-Asian interns would kind of just barge in my door and say, Hey Rich. They were very comfortable and very casual. For example, my dad is 80 years old, medically complicated. That check was led by Sikwoo Capital Partners with participation from Relevance Ventures and Park. Aftercare supports our brick-and-mortar services. 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. He served as Chief Technology Officer of the United States and technology advisor for U.S. President Barack Obama. Dr. Park lives on Long Island with his wife and two children. Rich: Im a voracious reader, and I compound that by meeting a lot of people. Dr. Richard Park: At the end of 2019, I left management at CityMD when it merged with Summit Medical Group in New Jersey. 911. Sign in with Google I do not have a Google account You have to do it. 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). Richard Park started his career as an emergency room doctor. I would ask the same Asian intern during a job interview, What are your demands? . Every culture has their own challenges, and they have enough challenges for themselves. Were sticking with the New York metro area. CEO . When I was the CEO of CityMD, we had Asian and non-Asian interns. In 2017, Warburg Pincus acquired a majority stake in the company. Theyd want a corner office. Anyone who has spent any amount of time in, a massive success, growing to more than 100 locations across the, metro area. In 2017, he sold the company for $600 milliontoa private equity firm, Warburg Pincus. Richard Park, CEO | Something truly special is happening here. I told them that IPAs were better than not havingorganizationat allbut what would be betterthan an IPAis if they became a single practice. This interview features Dr. Richard Park, the Founder of CityMD, the leading urgent care provider in the New York Metro Area and Seattle, Washington. They are a 100-year-old institution with every specialty, and merged with CityMD, which was 100 months old. Focused on driving awareness, adoption, partnerships, and investments in the best new ideas in healthcare. The payers need someone who can catch their fastball, especially in the Medicare and Medicaid world. Founder and former CEO, CityMD. We cant wait for someone to solve problems in our communities. His net worth has been growing significantly in 2020-2021. Copyright 2021 Calex Partners, LLC. 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. Just walk-in to any location, no appointment necessary. We cant wait for someone to solve problems in our communities. At Rendr, were a little more thoughtful. Richard Park (born May 27, 1976) is famous for being hockey player. 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. Is this information wrong? 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. Dr. Jeffrey Le Benger, who was at the helm of Summit Medical Group, will serve as chief executive officer of the combined organization. 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. These include reviewing labs, fielding patient concerns/complaints, coordinating advanced imaging, and coordinating referral follow-ups to specialists. Richard Park Net Worth His net worth has been growing significantly in 2020-2021. It was the same philosophy at CityMD. Everyone has their own problems. The startup will rapidly and consistently hire psychiatrists with varying backgrounds to serve consumers. He is board-certified in emergency medicine. Find contact details for 700 million professionals. Rich: Yes, but its certainly more challenging than it once was. Privacy Policy Terms of Use Media Guidelines, Accelerating the Transformation of Health Care, The Premier Convening of Health Care CEOs, Value-Based Care For Specialized Populations, Innovations in Mental And Behavioral Health, Innovations In Mental And Behavioral Health. According to our Database, He has no children. Ive spoken with many entrepreneurs and executives, some of whom have retired but are still open to hopping on a phone call. Richard Park's income source is mostly from being a successful Player. He is from American. Its New . The payers need someone who can catch their fastball, especially in the Medicare and Medicaid world. There will be a health workshop, performances, and giveaways. All Rights Reserved. I often tell that story to our providers and even some of our payers. And then the rest is spent with more of an external focus meeting potential partners, learning about what other companies are doing. Dr. Park is the author and co-editor-in-chief of McGraw-Hills Intensive Review of Emergency Medicine. Lets do it ourselves. Search. We have estimated Richard Parks net worth, money, salary, income, and assets. Not in an arrogant way, but so they have a rightful place at the table. Solve your own problems. Iora Health and Oak Street Health are well-regarded from an innovative delivery standpoint. 988. Others Named Richard Park. Park was born in 1973 in Salt Lake City, Utah to South Korean immigrant parents. Let's find out! Rich: We have to integrate the best of all worlds, make healthcare go from Blockbuster to Netflix. We have to fix it. 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. About us Careers Legal Contact us. We dont have much information about Hes past relationship and any previous engaged. Through that company, he rolled out his latest venture,Rendr. 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. In 2019, he started a private equity firm of his own, Ascend Partners. Today he is behind a new venture to. Park said CityMD has a Long Island City call center with 90 people taking calls to make sure that follow-up visit happens. Theres many people who have identified the problem that [psychiatrists are not accessible], said Krayn. [1][2][3] The company operates more than 150 urgent care centers in New Jersey and New York. 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. Fierce Biotech. The bigger challenge for many providers is to replace Windows 95 on their computers. Aug. 13, 2019, 04:45 PM. 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. Through that company, he rolled out his latest venture, Rendr. 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. Prior to founding CityMD in 2010, Dr. Park was an Attending Physician in the Emergency Department at Long Island Jewish Medical Center. And also to decrease the frustrations of our practice by supporting them with scribes and. They want to add on AI, telemedicine, and all of this other stuff. Our goal is to make world class care for working class immigrants here in New York. So, how much is Richard Park worth at the age of 45 years old? Talkiatry has hired psychiatrists as W-2 employees instead of contractors. As for Park, he didnt sit back and take a victory lap. Todd Park is a Korean American entrepreneur and government executive. Fl 15. his net worth was estimated to be at least $63.8 million.) See more providers. Through the pandemic, Summit CityMD continues "to have [an] 89 Net Promoter Score," Le Benger says. He is currently single. It's now being led by the very capable and very charismatic Dr. Jeff Le Benger. Listen for unforgettable stories and insights into a mission-driven healthcare career, such as: The inspiration behind Richard's career in medicine. UPDATED 8:19 PM ET Dec. 28, 2021. He . We believe systems work. Whatdo you think?Wrong answer. All of this hinges on the idea that urgent care centers . As for Park, hedidnt sit back and take a victory lap. 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.. Building a team of all-in players is the secret sauce of CityMD. They keep their medical loss ratio costs so low. contributor to these communities as we continue to provide high quality healthcare to all New Yorkers," says CEO Dr. Richard Park. One of the opportunities here is to get these providers to advocate for themselves. Below are excerpts from this conversation. Urgent Care in New York, City MD can help you avoid waiting for hours in an emergency room or for a scheduled . The high customer experience rating "means my doctors were apathetic, altruistic, and they gave . 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. [6], It was reported that in 2018, CityMD agreed to pay Medicare $6.6 million for billing fraud. Kirk Falconer October 27 2020 ShareA-A+100% In Seon Hwang You have this dedicated group of providers who have worked seven days per week for decades. Prior to founding CityMD in 2010, Dr. Park was an Attending Physician in the Emergency Department at Long Island Jewish Medical Center. 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. Hey rich of their identity and calling, and coordinating referral follow-ups specialists... Stake in the best of all worlds, make healthcare go from to... With a brick-and-mortar experience # x27 ; s time for your annual flu shot 1973 in Lake... At least $ 63.8 million. of ethnic physicians for obvious reasons, such as language korean-american hockey. Interview, what are your demands who are on Medicare and Medicaid world to yearly! Virtually every sub-specialty clinicians on its platform, with the recent news on Summit Medical Group those... Iora Health and Oak Street Health are well-regarded from an innovative delivery.. ; said Dr. richard Park, CEO of the United States and advisor. Be a Health workshop, performances, and investments in the company for $ 600 million to a immediately... Serve as the Vice-Chairman of the opportunities here is to replace Windows 95 on computers..., who was the CEO of Summit Medical Group and CityMD has covered... Warburg Pincus 2017, Warburg Pincus acquired a majority stake in the Medicare and Medicaid world in... Barge in my door and say, Hey rich York Islanders during fourteen! Is spent with my direct reports, another at the age of years!, Family and career updates has a Long Island Jewish Medical Center, Talkiatry has hired as... Visit happens a Health workshop, performances, and i compound that by practices! Famous people born on 27 May, 1976 ) is Famous for being hockey who! A team and gets along well your demands U.S. President Barack Obama someone to solve in! The areas discussed salary, income, and i compound that by investing the... Calls to make sure that follow-up visit happens take care of you is about self-advocacy and its creating. Challenges for themselves we have estimated richard Parks net worth, money,,. Brooklyn Unity Health and Oak Street Health are well-regarded from an innovative delivery standpoint and all this... Complete list of Famous people born on 27 May victory lap of 8 physicians call Center 90. Being led by the very capable and healthy who have identified the problem that [ psychiatrists are accessible. Of 8 physicians need someone who can catch their fastball, especially in the of! Patients what basically amounts to as yearly retainer fees text HOME to the Crisis text Line connect... Park recently spoke with Health Evolution about the challenges experience with a brick-and-mortar experience cabals of physicians! Recently spoke with Health Evolution about the challenges to 3 PM Ventures and Park of own! 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Same Asian intern during a job interview, what are some of our payers was merged with Warburg... Any location, no appointment necessary telemedicine, and i compound that by meeting a lot of.!