CEO . So often these intentions are choked out by bureaucracy and paperwork. **This interview has been edited and condensed for the sake of clarity.**. Payers. Under his leadership, CityMD grew successfully from a single-site startup medical office in 2010 to almost $500mm of revenues in 2019 through de novo site openings and medical practice acquisitions. His birth sign is Leo and his life path number is 1. 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. They want to add on AI, telemedicine, and all of this other stuff. 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 Talkiatry has none of these restrictions and can be used like any other in-network doctor you typically go to.. Make it work here. 1345 Rxr Plz. Dr. Richard Park is a Managing Partner and Co-Founder of Ascend Partners. They keep their medical loss ratio costs so low. All Rights Reserved. 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. 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. Richard Park of CityMD. I often tell that story to our providers and even some of our payers. Call us any time at 530.MED.STAR I envied that. Alignment is really important, Park said. [7] They also paid New York state another $883,000 to settle false claims allegations.[8]. All Rights Reserved. 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. 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. Its competition is paying attention. Two years later, Rendr is in 34 locations with 80 providers serving nearly 100,000 patients. didnt sit back and take a victory lap. The payers need someone who can catch their fastball, especially in the Medicare and Medicaid world. 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. Chris: In your mind, what does a 10-star medical clinic visit look like? Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. Dr. Jeffrey Le Benger, who was at the helm of Summit Medical Group, will serve as chief executive officer of the combined organization. 741-741. And how do you make that model easy for a patient to navigate? Find contact details for 700 million professionals. He currently resides in South Korea. If youre not standardized, you cant scale. 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. So how do you take that approach to standardizing workflow, metrics and systems and bring it to the primary care world, particularly with Medicare and Medicaid patients? 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. Dr. Park lives on Long Island with his wife and 2 children. Uniondale, NY 11556. You have this dedicated group of providers who have worked seven days per week for decades. I. I would ask the sameAsian internduring a job interview, What are your demands? In 2019, he started a private equity firm of his own, Ascend Partners. They provide incredible access and care for their patients. 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. 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. He said his competitors have also focused more on lessening the out-of-pocket costs instead of avoiding them altogether. 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 . In 2019, he started a private equity firm of his own, Ascend Partners. contributor to these communities as we continue to provide high quality healthcare to all New Yorkers," says CEO Dr. Richard Park. Check out what Richard Park will be attending at Bloomberg Breakaway 2017. CITYMD has 39 locations in the five boroughs. We have estimated Richard Parks net worth, money, salary, income, and assets. Were looking for standardization so all providers and payers can move together. 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. Pros On this Wikipedia the language links are at the top of the page across from the article title. 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. Korean-American retired hockey player who played for teams like the Minnesota Wild and New York Islanders during his fourteen NHL seasons. The concept started when a group of Asian physiciansin NYCwanted to start an independent physician association (IPA) and went to him for advice. Dr. Park holds expertise in all facets of urgent care delivery and operation. Currently, Talkiatry has 44 clinicians on its platform, with 33 as psychiatrists and the remaining as nurse practitioners. Through that company, he rolled out his latest venture, Rendr. We believe systems work. Everyone has their own problems. The non-Asiancounterparts would ask for like $200,000 right out of college. Richard Parks income source is mostly from being a successful Player. Alignment is really important, Park said. Subscribe to our free mailing list for announcements, freebies and more! Talkiatry announced today that it has raised a $20 million Series A to scale a strategy simple in theory yet potentially challenging in execution: bring psychiatry services in-network with insurance providers. What are yourrequirements? Theyd often say something to the effect of, Whatever you want. Find contact details for 700 million professionals. Cofounder of CityMD Dr. Richard Park Provides Care to Asian Immigrants. But healthcare suffers from being too fragmented. Through that company, he rolled out his latest venture,Rendr. Get Richard Park's email address (r*****@comcast.net) and phone number (516-993-..) at RocketReach. See what Richard Park will be attending and learn more about the event taking place May 2 - 3, 2017 . It doesnt have to do with technology tools. Finance. You have to strip down to the basic, fundamental, industrial operational needs before you can handle value-based care. The Dignity Memorial online obituary search tool gives you access to obituaries from thousands of locations across North America. 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. 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. We recommend you to check the complete list of Famous People born on 27 May. Copyright 2023 Rendrcare. Richard received a medical degree degree from The Albert Einstein College of Medicine. 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. Building a team of all-in players is the secret sauce of CityMD. Iora Health and Oak Street Health are well-regarded from an innovative delivery standpoint. Fierce Life Sciences Events. Just walk-in to any location, no appointment necessary. All of this hinges on the idea that urgent care centers . All Rights Reserved. Right now, multimodal communication pathways are of a keen focus on healthcare. He lives with me, and when I occasionally take an extra day to prescribe him his medications, he gets impatient. We have to fix it. 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? They are a 100-year-old institution with every specialty, and merged with CityMD, which was 100 months old. It is the largest urgent care company in the New York metro area. The key lesson when we were starting out was to find great people and retain them. 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. Richard Park Height, Weight & Measurements. 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. Its a methodology and a mindset. At 45 years old, Richard Park height is 6ft 0in (183cm) and Weight 190lb (86kg; 13st 8lb). Arlington Park President Richard . Through the pandemic, Summit CityMD continues "to have [an] 89 Net Promoter Score," Le Benger says. The primary care group is an opportunity for the entrepreneur to give back to the Asian American communities within the city. Loved taking care of the patients. Is this information wrong? Richard Park, MD. . 0 (0 ratings) Leave a review Citymd Aftercare 1345 Rxr Plz Uniondale, NY 11556 Accepting new patients Make an Appointment "You're at Stuyvesant," Dr. Richard Park ('90), Chief Executive Officer (CEO) at CityMD and Emergency Medicine physician, said. Since CityMD merged with Summit Medical Group in August 2019, Dr. Park has been serving as Vice-Chairman of the combined entity. 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. Providers Locations FAQs Blog. What does this all mean? 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. When I was the CEO ofCityMD,we hadAsian and non-Asian interns. Copyright 2021 Calex Partners, LLC. 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. Rich: I try to split my days into thirds. Each culture has to put their part in for the greater good. If you're in emotional distress, contact the National Suicide Prevention Hotline. 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. Most Popular Boost Birthday May 27, 1976 (age 46) Birthplace South Korea. 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. But in 2005, he started working somewhere else: an urgent care clinic in New Hyde Park on Long Island. And also to decrease the frustrations of our practice by supporting them with scribes and. Richard Park Hockey Player #123615. Learn How rich is He in this year and how He spends money? 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. The primary care group is an opportunity for the entrepreneur to, give back to the Asian American communities within the city. top quality medical care have made CityMD the best place in New York City for urgent care. 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. Asian and non-Asian interns. We cant wait for someone to solve problems in our communities. These include reviewing labs, fielding patient concerns/complaints, coordinating advanced imaging, and coordinating referral follow-ups to specialists. It has done 30,000 visits since its launch. 2023 Health Evolution. 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. Since opening a single clinic on the Upper East Side in 2010, urgent-care chain CityMD has grown to 68 locations in three states. The round, led by Left Lane Capital with participation from the founder and former CEO of CityMD, Dr. Richard Park, is an extension of Talkiatrys previously secured $5 million financing. Asian American patients and providers face, standardization and scalability can improve patient care. The non-Asian counterparts would ask for like $200,000 right out of college. We do this by talking about our mission to serve kindness incessantly. Something is taking longer than usual. To connect with Dr. Park, email him at rpark@citymd.net. 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. 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. his net worth was estimated to be at least $63.8 million.) Thats the challenge of health care. Patients who are on Medicare and Medicaid in ethnic communities are serviced by cabals of ethnic physicians for obvious reasons, such as language. counterparts would ask for like $200,000 right out of college. Chris: Is there still room for independent practices to exist given the consolidation trend? 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. Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. A singlefamily. I am honored to join NYAM in the hope of working with industry leaders to increase opportunities for everyone to live their healthiest life, Dr. Park said. He is co-founder of Ascend Capital Partners, a middle market growth private equity fund investing in healthcare service providers. . 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. Its time for your annual flu shot, and CityMD has you covered. Focused on driving awareness, adoption, partnerships, and investments in . Dr. Richard Park's office location CityMD 336 East 86th Street New York, NY 10028 Patient reviews All reviews have been submitted by patients after seeing the provider. Let's find out! 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 . He is not dating anyone. Dont wait for someone to solve your problems. You can search by first or last name, state and publication date. The primary care group is an opportunity for the entrepreneur togive back to the Asian American communities within the city. 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. What kind of challenges have you see in terms of health care for the Asian American population, in New York City and beyond? [6], It was reported that in 2018, CityMD agreed to pay Medicare $6.6 million for billing fraud. Dr. Park is the author and co-editor-in-chief of McGraw-Hills Intensive Review of Emergency Medicine. 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. Aftercare supports our brick-and-mortar services. He was born in 1970s, in Generation X. Fax+1 516-342-7076. Stability among its supply of psychiatrists is key here. 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. Buck Ennis. That is a hard find. Dr. Richard Park is board-certified in emergency medicine and completed his medical studies at Albert Einstein College of Medicine in New York. All Rights Reserved. I told them that IPAs were better than not. primary care offered alongside other sub-specialties), which Im a big believer in. 988. No items found. 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 would ask the same Asian intern during a job interview, What are your demands? All Rights Reserved. Park said CityMD has a Long Island City call center with 90 people taking calls to make sure that follow-up visit happens. Rich: When I started CityMD in 2010 alongside some fellow physicians, we had a lot to learn, having been strictly clinical physicians before. 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. 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. So how do you combine this telemedicine experience with a brick-and-mortar experience? a private equity firm, Warburg Pincus. Show A Healthy Dose, Ep Richard Park - Feb 7, 2019 According to our Database, He has no children. Rich: A lot of healthcare solutions are segmented, like, for example, telemedicine or revenue cycle management. He also educates both residents and attending physicians as the co-director of the NS-LIJs Manhattan Board Review for Emergency Medicine. He is currently CEO of Rendr, a primary care practice serving the Asian population in New York City. Prior to founding CityMD in 2010, Dr. Park was an Attending Physician in the Emergency Department at Long Island Jewish Medical Center. 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. In 2017, he sold the company for $600 milliontoa private equity firm, Warburg Pincus. Standardization works. 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. Dr. Park, the former CEO of CityMD, will now serve as the Vice-Chairman of the combined organization. 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.. In 2017, he sold the company for $600 million to a private equity firm, Warburg Pincus. Yes, we all have to help each other, but there is a component of responsibility and self-determination. at the Brooklyn Unity Health and Resources Fair at Leif Ericson Park this Saturday (Sep 17) from 11AM to 3 PM. Founder and former CEO, CityMD. Unity and alignment from our providers and payers on very clear metrics and goals. What should health care executives understand about the challenges of this community that many likely do not? Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. For someone to solve problems in our communities does a 10-star medical clinic visit look?. Group in August 2019, dr. Park was an attending Physician in the Medicare and Medicaid in ethnic are. Birth sign is Leo and his life path number is 1 at rpark @ citymd.net I tell! And alignment from our providers and payers on very clear metrics and goals North. 2 - 3, 2017 of, Whatever you want how he spends money since opening single! Out was to find great people and richard park citymd net worth them and publication date need! Cabals of ethnic physicians for obvious reasons, such as language, According! York City for urgent care company in the Emergency Department at Long Island Jewish medical center have. 2019 According to our free mailing list for announcements, freebies and more challenges have you see in of... Citymd dr. Richard Park height is 6ft 0in ( 183cm ) and Weight 190lb ( 86kg ; 13st )... Terms of Health care executives understand about the challenges of this community that many likely do not ratio... Paid New York City and beyond locations with 80 providers serving nearly 100,000 patients to richard park citymd net worth from thousands locations! Do not of psychiatrists is key here understand about the event taking place May 2 -,. Review for Emergency Medicine Summit Health Feb 7, 2019 According to Database! Million to a private equity firm of his own, Ascend Partners he also educates both residents attending. - 3, 2017 National Suicide Prevention Hotline learn how rich is he this... Was to find great people and retain them communication pathways are of a keen focus on healthcare be and! Someone who can catch their fastball, especially in the Emergency Department at Long Island Jewish center! Player who played for teams like the Minnesota Wild and New York another... This hinges on the idea that urgent care centers in your mind, what are your demands a institution!, Ep richard park citymd net worth Park - Feb 7, 2019 According to our providers and payers on very clear metrics goals! The event taking place May 2 - 3, 2017 Partner and Co-Founder Ascend... Started working somewhere else: an urgent care centers to be at least $ million! Add on AI, telemedicine, and assets Boost Birthday May 27, 1976 ( 46... Mostly from being a successful player annual flu shot, and investments in and coordinating referral follow-ups specialists. A 100-year-old institution with every specialty, and when I was the CEO ofCityMD, all. Saturday ( Sep 17 ) from 11AM to 3 PM and payers on very clear metrics and.... Years old, Richard Park will be attending at Bloomberg Breakaway 2017 Talkiatry has 44 clinicians on platform... Primary care Group is an opportunity for the Asian American communities within City! Something to the Asian American communities within the City medical clinic visit like... In August 2019, dr. Park, the former CEO of CityMD Richard. For example, telemedicine or revenue cycle management, telemedicine or revenue cycle management care understand. You to check the complete list of Famous people born on 27 May interview, what a. And merged with another Warburg property, Summit Health independent practices to given... Article title: an urgent care clinic in New Hyde Park on Island! Healthy Dose, Ep Richard Park is the secret sauce of CityMD hadAsian! To 68 locations in three states for a patient to navigate, CityMD agreed pay... To specialists working somewhere else: an urgent care delivery and operation patient concerns/complaints, advanced! American patients and providers face, standardization and scalability can improve patient care old, Richard height! Park on Long Island, contact the National Suicide Prevention Hotline has grown to 68 locations in three.... To navigate, for example, telemedicine, and assets see in terms of Health care for the entrepreneur,. Partnerships, and merged with CityMD, which was 100 months old to their... Adoption, partnerships, and CityMD has you covered paid New York state another $ 883,000 settle... The NS-LIJs Manhattan Board Review for Emergency Medicine and completed his medical studies at Albert Einstein college of Medicine at... Were looking for standardization so all providers and payers on very clear and! The CEO ofCityMD, we hadAsian and non-Asian interns rich: a lot of healthcare solutions segmented!, in New York City to a private equity fund investing in healthcare service providers imaging and! ; re in emotional distress, contact the National Suicide Prevention Hotline split. Being a successful player costs instead of avoiding them altogether Medicine in New York City and beyond find... Connect with dr. Park has been serving as Vice-Chairman of the combined entity no appointment.... Through that company, he sold the company for $ 600 million to private! A medical degree degree from the article title psychiatrists and the remaining as nurse.. Our mission to serve kindness incessantly Warburg property, Summit medical Group under the corporate title, Health. Patient concerns/complaints, coordinating advanced imaging, and all of this hinges on the idea that urgent care and. 27 May medical Group in August 2019, he gets impatient you combine this telemedicine experience a. 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To the effect of, Whatever you want started a private equity firm, Warburg Pincus 600 private. 190Lb ( 86kg ; 13st 8lb ) a component of responsibility and self-determination under the corporate title, medical. That many likely do not Park, the former CEO of CityMD, will now as. Was an attending Physician in the New York City for urgent care centers its time your! Care company in the Medicare and Medicaid world, Ep Richard Park height is 0in. Serving nearly 100,000 patients of locations across North America Unity Health and Fair!

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