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 . But in 2005, he started working somewhere else: an urgent care clinic in New Hyde Park on Long Island. It's time for your annual flu shot, and CityMD has you covered. 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 . counterparts would ask for like $200,000 right out of college. See more providers. He lives with me, and when I occasionally take an extra day to prescribe him his medications, he gets impatient. What does this all mean? We place a lot of importance on specialization and being really good at one thing. 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. [6], It was reported that in 2018, CityMD agreed to pay Medicare $6.6 million for billing fraud. At 45 years old, Richard Park height is 6ft 0in (183cm) and Weight 190lb (86kg; 13st 8lb). Richard Park of CityMD. And how do you make that model easy for a patient to navigate? 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. 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. Lets do it ourselves. So, how much is Richard Park worth at the age of 45 years old? Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. According to our Database, He has no children. 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. The payers need someone who can catch their fastball, especially in the Medicare and Medicaid world. Urgent Care in New York, City MD can help you avoid waiting for hours in an emergency room or for a scheduled . What kinds of goals do you have for Rendr? Find a CityMD near you: Need a flu shot? CITYMD has 39 locations in the five boroughs. So how do you combine this telemedicine experience with a brick-and-mortar experience? 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. 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. Rich: Yes, but its certainly more challenging than it once was. Providing psychiatry in-network is one avenue to ensure people receive care, but it still does not solve the supply-demand imbalance in the mental healthcare space, said Russell Glass, Ginger CEO and co-founder. He served as Chief Technology Officer of the United States and technology advisor for U.S. President Barack Obama. He currently resides in South Korea. Main Stage 1:15 PM - 2:00 PM Subscribe to our free mailing list for announcements, freebies and more! 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. Richard Park is the Chief Executive Officer at CityMD based in New York, New York. His office accepts new patients. Payers. You have to strip down to the basic, fundamental, industrial operational needs before you can handle value-based care. If you achieve that, it underscores the standardization of workflow and systems that youve put in place. The vision 'To build healthier communities by serving everyone.' So, why are we so passionate about making. Through that company, he rolled out his latest venture,Rendr. Richard Park, MD. 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 . The high customer experience rating "means my doctors were apathetic, altruistic, and they gave . 2023 Health Evolution. We recommend you to check the complete list of Famous People born on 27 May. It is the largest urgent care company in the New York metro area. If healthcare is a puzzle, each piece should certainly be of high quality, but its critical to put each of those pieces together. Alignment is really important, Park said. Dr. 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. Sign up to get the latest news from CityMD. Attacks on Asian Americans spiked during the pandemic. 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. What are some of the biggest challenges you have already faced in launching this venture and that you anticipate will be continuous? Rich: Physicians went into the practice of medicine to help others. So, how much is Richard Park worth at the age of 45 years old? How do you get doctors to standardize? 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. https://fundrx.com. Aug. 13, 2019, 04:45 PM. Today he is behind a new venture to. At CityMD, we punched way above our weight class. And also to decrease the frustrations of our practice by supporting them with scribes and. His birth sign is Leo and his life path number is 1. There is a lifetime of learning. By not using a contractor model, Talkiatry will have more stability in its services but could struggle with scale. 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 . Chris: Any particular resources that informed your entrepreneurial journey, or that you use to keep up on the trends in the market and industry? Prior to founding CityMD in 2010, Dr. Park was an Attending Physician in the Emergency Department at Long Island Jewish Medical Center. Rendris about self-advocacy and its about creating the fundamental business to grow in a value-based world. Phone+1 516-342-7075. Since CityMD merged with Summit Medical Group in August 2019, Dr. Park has been serving as Vice-Chairman of the combined entity. Aftercare supports our site physicians by providing a safety net to perform anything and everything 7 days a week in real-time support. One of the opportunities here is to get these providers to advocate for themselves. Not the Richard Park you were looking for? Loved my job as a scribe. The IPO story is fantastic. 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. Rich: A lot of healthcare solutions are segmented, like, for example, telemedicine or revenue cycle management. With that being said, selfadvocacy is important. They want to add on AI, telemedicine, and all of this other stuff. Talkiatry has partnered with a number of insurance providers including United Healthcare, Aetna, BlueCross BlueShield and more. According to our Database, He has no children. Theres many people who have identified the problem that [psychiatrists are not accessible], said Krayn. In 2017, he sold the company for $600 million to a private equity firm, Warburg Pincus. Theyd want a corner office. All of this hinges on the idea that urgent care centers . 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. You make everyone better. One of the opportunities here is to get these providers to advocate for themselves. It takes time. | By CityMD | Facebook Log In Forgot Account? 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. 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. Rich: We have to integrate the best of all worlds, make healthcare go from Blockbuster to Netflix. 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. Discover all the facts that no one tells you about Richard Parks below He is from American. Standardization works. People want to make things more complex. Copyright 2023 Rendrcare. We are not even on the right planet or even on the same universe. Dr. Richard Park: At the end of 2019, I left management at CityMD when it merged with Summit Medical Group in New Jersey. Dont wait for someone to solve your problems. Below are excerpts from this conversation. Dr. Park is also a co-editor of McGraw Hills Intensive Review of Emergency Medicine. Richard Park . And given our merger with Summit Medical Group, patients will now be able to receive quality, convenient care in virtually every sub-specialty. 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. Patients who are on Medicare and Medicaid in ethnic communities are serviced by cabals of ethnic physicians for obvious reasons, such as language. He was . At Rendr, were a little more thoughtful. Richard Park is the founder and CEO of CityMD, an urgent care clinic in NYC and beyond that is redefining access to care. He is a co-editor of McGraw Hills Intensive Review of Emergency Medicine. What the issue comes to next is are they really, really solving the problem, or are they working around it?. 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. Finance. Dr. Park lives on Long Island with his wife and 2 children. 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 of our larger shareholders ended up becoming line docs within the company, helping us do whatever it took. I left management and sit on the board. 988. 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. Dr. Park studied emergency medicine in the Long Island Jewish Medical Centers residency program, where he served as chief resident. One third is spent with my direct reports, another at the actual CityMD sites with the front-line staff. Chief Executive Officer at Rendr . CityMD formed as an alternative to primary care physicians booked. 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. We do that by investing in the fundamentals and making our practices repeatable, scalable and predictable. Listen for unforgettable stories and insights into a mission-driven healthcare career, such as: The inspiration behind Richard's career in medicine. Others Named Richard Park. All Rights Reserved. Park recently spoke with Health Evolution about the challenges. Get Richard Park's email address (r*****@comcast.net) and phone number (516-993-..) at RocketReach. I often tell that story to our providers and even some of our payers. Richard received a medical degree degree from The Albert Einstein College of Medicine. 0 (0 ratings) Leave a review Citymd Aftercare 1345 Rxr Plz Uniondale, NY 11556 Accepting new patients Make an Appointment People want to make things more complex. Learn more What we treat. Copyright 2010 - 2023 Summit Health Management, LLC. And then the rest is spent with more of an external focus meeting potential partners, learning about what other companies are doing. . 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. Just walk-in to any location, no appointment necessary. 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. 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. 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. a digital health unicorn last valued at $4.6 billion. Main Stage 9:10 AM - 9:30 AM November 29, 2016 MASSIVE GROWTH: Where Baby Unicorns Come From. Loved taking care of the patients. Our goal is to make world class care for working class immigrants here in New York. . Get 5 free searches. The concept started when a group of Asian physicians. Often times, non-Asian internswould kind of justbargein my door and say, Hey Rich.They were very comfortable and very casual. They want to add on AI, telemedicine, and all of this other stuff. Medstartr Momentum. The five-year-old company is on pace to have more than 70 locations by the end . **This interview has been edited and condensed for the sake of clarity.**. UPDATED 8:19 PM ET Dec. 28, 2021. You have this dedicated group of providers who have worked seven days per week for decades. Subsequently, we hope these interviews spur further thought and potential innovation and action in the areas discussed. 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. In 2019, he started a private equity firm of his own, Ascend Partners. He also educates both residents and attending physicians as the co-director of the NS-LIJs Manhattan Board Review for Emergency Medicine. We dont have much information about Hes past relationship and any previous engaged. 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. I envied that. 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. They keep their medical loss ratio costs so low. These networks arent particularly widespread. 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. We have to fix it. 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. And these physicians tend to have been ignored and not paid attention to throughout their careers. 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. Lets do it ourselves. Dr. Richard Park, CityMD's co-founder and CEO, will. Dr. Park received a B.S. Getting doctors to decrease variance and become more standardized. 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. I envied that. 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. CityMD. Multi-site, multi-stateI get it. 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). He is not dating anyone. at the Brooklyn Unity Health and Resources Fair at Leif Ericson Park this Saturday (Sep 17) from 11AM to 3 PM. 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 Hockey Player #123615. Richard's birth flower is Gladiolus and birthstone is Peridot and Sardonyx. I told them that IPAs were better than not. Here in New York, New York metro area to add on AI telemedicine... Mcgraw Hills Intensive Review of Emergency Medicine educates both residents and Attending physicians as the co-director of the opportunities is! 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