Just walk-in to any location, no appointment necessary. 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. Chris: Can you contextualize the consolidation trend within the healthcare industry, with the recent news on Summit Medical Group and CityMD merging? His birth sign is Leo and his life path number is 1. Dr. Richard Park: At the end of 2019, I left management at CityMD when it merged with Summit Medical Group in New Jersey. When I was the CEO ofCityMD,we hadAsian and non-Asian interns. 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. 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. 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. Rich: Im a voracious reader, and I compound that by meeting a lot of people. his net worth was estimated to be at least $63.8 million.) in economics from the Wharton School of the University of Pennsylvania and an MD from Albert Einstein College of Medicine. Rich: Yes, but its certainly more challenging than it once was. What are yourrequirements? Theyd often say something to the effect of, Whatever you want. Dr. Park studied emergency medicine in the Long Island Jewish Medical Centers residency program, where he served as chief resident. Is this information wrong? Below are excerpts from this conversation. Its a methodology and a mindset. The Asian interns would never make eye contact, never came into my office and were too intimidated to even make conversation. He is from American. Richard Park is the founder and CEO of CityMD, an urgent care clinic in NYC and beyond that is redefining access to care. 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. As for Park, hedidnt sit back and take a victory lap. 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. How do you get doctors to standardize? There will be a health workshop, performances, and giveaways. 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. We cant wait for someone to solve problems in our communities. Every time a doctor joins us, we can improve their performance and deliver better patient care to this community. Aug. 13, 2019, 04:45 PM. [4] CityMD employs over 700 physicians and mid-level practitioners. . Loved taking care of the patients. Rendris about self-advocacy and its about creating the fundamental business to grow in a value-based world. 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. 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. Not the Richard Park you were looking for? Home | CityMD Walk in when you need us With over 150 locations across NY and NJ, we'll take care of you. We did that by standardizing practices across 3,000 employees and 650 doctors. What are your requirements? Theyd often say something to the effect of, Whatever you want. Dr. Park holds expertise in all facets of urgent care delivery and operation. 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. 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. . Chris: Is there still room for independent practices to exist given the consolidation trend? 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. I told them that IPAs were better than no having organization at allbut what would be better than an IPA is if they became a single practice. 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. Attacks on Asian Americans spiked during the pandemic. We remind physicians of their identity and calling, and then we equip them to do so. Make it work here. 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. 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 . CityMD and Summit Medical Group (a premier independent multispecialty practice) recently announced their merger. Since CityMD merged with Summit Medical Group in August 2019, Dr. Park has been serving as Vice-Chairman of the combined entity. 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. We are not even on the right planet or even on the same universe. Founder and former CEO, CityMD. Richard received a medical degree degree from The Albert Einstein College of Medicine. 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. What kinds of goals do you have for Rendr? These networks arent particularly widespread. 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. 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. 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. 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. Park was born in 1973 in Salt Lake City, Utah to South Korean immigrant parents. Dr. Richard Park is a healthcare investor, entrepreneur, and board-certified emergency medicine physician. The high customer experience rating "means my doctors were apathetic, altruistic, and they gave . Dr. Richard Park, CityMD's co-founder and CEO, will. 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. It takes self-responsibility and advocacy. He is a member of famous Player with the age 45 years old group. He said his competitors have also focused more on lessening the out-of-pocket costs instead of avoiding them altogether. CityMD is a healthcare company co-founded in 2010 by Dr. Rich Park and a group of 8 physicians. While companies like Cerebral, Headway and Uplit have similarly gone in-network, the co-founder argues that it has the least restrictive relationship with providers, meaning that consumers wont have to pay out of pocket for anything outside of the typical copay. Asian and non-Asian interns. And there are many innovative primary care offerings, as well as integrated delivery networks (e.g. 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. He graduated from ALBERT EINSTEIN MEDICAL CENTER in 1999. Something is taking longer than usual. Office. 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. This world needs basic systems that allow them to repeatedly scale with predictable results. A singlefamily. He was born in 1970s, in Generation X. You make everyone better. TheAsian internswould never make eye contact, never came into my office andweretoo intimidated to even makeconversation. Copyright 2023 Rendrcare. Below are excerpts from this conversation. Were sticking with the New York metro area. Cofounder of CityMD Dr. Richard Park Provides Care to Asian Immigrants. 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. [1] [2] [3] The company operates more than 150 urgent care centers in New Jersey and New York. New York, New York (PRWEB) November 19, 2014 CityMD has officially opened their second brand new urgent care office in Union Square. Theyd want a corner office. The bigger challenge for many providers is to replace Windows 95 on their computers. 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. We are not even on the right planet or even on the same universe. Thats the challenge of health care. Often times, n. They were very comfortable and very casual. He is currently CEO of Rendr, a primary care practice serving the Asian population in New York City. Dr. Park received a B.S. 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. So, how much is Richard Park worth at the age of 45 years old? Building a team of all-in players is the secret sauce of CityMD. Through that company, he rolled out his latest venture,Rendr. As for Park, he didnt sit back and take a victory lap. Focused on driving awareness, adoption, partnerships, and investments in . [6], It was reported that in 2018, CityMD agreed to pay Medicare $6.6 million for billing fraud. He is from American. 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 . They want to add on AI, telemedicine, and all of this other stuff. In 2017, he sold the company for $600 million to a private equity firm, Warburg Pincus. The key is to meet people who work in healthcare. The biggest challenge is finding leadership to get doctors to work together. Park said CityMD has a Long Island City call center with 90 people taking calls to make sure that follow-up visit happens. Under his leadership, CityMD grew successfully from a single-site startup medical office in 2010 . Richard Park, M.D. Not in an arrogant way, but so they have a rightful place at the table. You have to strip down to the basic, fundamental, industrial operational needs before you can handle value-based care. Often times, non-Asian internswould kind of justbargein my door and say, Hey Rich.They were very comfortable and very casual. Prior to founding CityMD in 2010, Dr. Park was an Attending Physician in the Emergency Department at Long Island Jewish Medical Center. If you're in emotional distress, contact the National Suicide Prevention Hotline. Kirk Falconer October 27 2020 ShareA-A+100% In Seon Hwang 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 . To connect with Dr. Park, email him at rpark@citymd.net. Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. Mar 2010 - Present12 years 11 months. 2023 Health Evolution. In 2017, he sold the company for $600 million. Call us any time at 530.MED.STAR One of the opportunities here is to get these providers to advocate for themselves. A short-term goal is rendering world-class care for hardworking immigrants. and more. We place a lot of importance on specialization and being really good at one thing. We are vertical integrators, and we concentrate on specific geographies so that we can better meet the needs of our patients. It is the largest urgent care company in the New York metro area. Phone+1 516-342-7075. [1][2][3] The company operates more than 150 urgent care centers in New Jersey and New York. But in 2005, he started working somewhere else: an urgent care clinic in New Hyde Park on Long Island. Aftercare supports our brick-and-mortar services. Solve your own problems. Subscribe to our free mailing list for announcements, freebies and more! Dr. Park, the former CEO of CityMD, will now serve as the Vice-Chairman of the combined organization. is the founder and chief executive officer of CityMD, one of the largest and fastest growing urgent care providers in the country. Two years later,Rendris in 34 locations with 80 providers serving nearly 100,000 patients. Fierce Life Sciences Events. Richard Park, MD. Dr. Park was recognized as an expert educator, receiving a system-wide award in 2007. 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. Since opening a single clinic on the Upper East Side in 2010, urgent-care chain CityMD has grown to 68 locations in three states. All Rights Reserved. I would ask the same Asian intern during a job interview, What are your demands? Particularly those of us who went into primary care and/or emergency medicine. Rendr is about self-advocacy and its about creating the fundamental business to grow in a value-based world. The key lesson when we were starting out was to find great people and retain them. Richard Park, MD, FACEP, Chief Executive Officer, Rendr; Co-Founder and Managing Partner, Ascend Partners; Founder, CityMD Dr. Richard Park is a healthcare investor, entrepreneur, and board-certified emergency medicine physician. 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. Discover all the facts that no one tells you about Richard Parks below Today he is behind a venture to provide medic. According to our Database, He has no children. Rich: When I started CityMD in 2010 alongside some fellow physicians, we had a lot to learn, having been strictly clinical physicians before. Below are excerpts from this conversation. Fierce Healthcare. 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. All Rights Reserved. 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. 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. Krayn explained how startups have turned to hiring therapists and nurse practitioners as replacements for psychiatrists, which he thinks decreases the clinical quality of care (the difference between a therapist and psychiatrist is that the latter can prescribe medication). 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. The primary care group is an opportunity for the entrepreneur to, give back to the Asian American communities within the city. 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. ChenMeds approach to senior care is also intriguing and inspiring. Through that company, he rolled out his latest venture, Rendr. 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 . All of this hinges on the idea that urgent care centers . Fl 15. Through that company, he rolled out his latest venture,Rendr. When I was the CEO of CityMD, we had Asian and non-Asian interns. His office accepts new patients. 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. It's now being led by the very capable and very charismatic Dr. Jeff Le Benger. With over 150 locations across NY and NJ, well take care of you. 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. See more providers. If youre not standardized, you cant scale. The Dignity Memorial online obituary search tool gives you access to obituaries from thousands of locations across North America. In 2017, he sold the company for $600 milliontoa private equity firm, Warburg Pincus. Find a CityMD near you: Need a flu shot? And how do you make that model easy for a patient to navigate? Counties in 2016," said Dr. Richard Park, CEO of CityMD. Early life and education. 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. Alignment is really important, Park said. 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. Dr. Richard Park is the founder and CEO of CityMD, a fast-growing chain of walk-in health clinics based in New York. Sign in with Google I do not have a Google account We cant wait for someone to solve problems in our communities. He is not dating anyone. Everyone has their own problems. 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. He is board-certified in emergency medicine. The IPO story is fantastic. UPDATED 8:19 PM ET Dec. 28, 2021. Sign up to get the latest news from CityMD. 988. Richard Parks (Rugby Player) was born on the 14th of August, 1977. Any time at 530.MED.STAR one of the combined organization the corporate title, Summit.! Across NY and NJ, well take care of you of CityMD dr. 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