New York, NY . He is currently single. We were punching above our weight class, but we knew urgent care was a hot industry. Aug. 13, 2019, 04:45 PM. Buck Ennis. 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. and more. **This interview has been edited and condensed for the sake of clarity.**. 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. a private equity firm, Warburg Pincus. 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. Also learn how He earned most of networth at the age of 44 years old? At 45 years old, Richard Park height is 6ft 0in (183cm) and Weight 190lb (86kg; 13st 8lb). Will Rendr primarily be based in NYC like CityMD or are their plans to go beyond? As a result, the psychiatrists that are in-network may be consumed with patients, and the ones at private practices could have a price of up to $300 per session. The payers need someone who can catch their fastball, especially in the Medicare and Medicaid world. Make it work here. Rich: When I started CityMD in 2010 alongside some fellow physicians, we had a lot to learn, having been strictly clinical physicians before. Learn more What we treat. Find a CityMD near you: Need a flu shot? . Richard Park is the Chief Executive Officer at CityMD based in New York, New York. 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's income source is mostly from being a successful Player. 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. With over 150 locations across NY and NJ, well take care of you. The bigger challenge for many providers is to replace Windows 95 on their computers. Rich: Physicians went into the practice of medicine to help others. 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. Chris: Can you contextualize the consolidation trend within the healthcare industry, with the recent news on Summit Medical Group and CityMD merging? We cant wait for someone to solve problems in our communities. [1][2][3] The company operates more than 150 urgent care centers in New Jersey and New York. It is very rewarding especially if everyone works as a team and gets along well. What should health care executives understand about the challenges of this community that many likely do not? Find contact details for 700 million professionals. [1] [2] [3] The company operates more than 150 urgent care centers in New Jersey and New York. Find contact details for 700 million professionals. How do we do that? 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. All of this hinges on the idea that urgent care centers . Fierce Life Sciences Events. Just walk-in to any location, no appointment necessary. And these physicians tend to have been ignored and not paid attention to throughout their careers. Building a team of all-in players is the secret sauce of CityMD. 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? Richard Park is the founder and CEO of CityMD, an urgent care clinic in NYC and beyond that is redefining access to care. 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. Dr. Jeffrey Le Benger, who was at the helm of Summit Medical Group, will serve as chief executive officer of the combined organization. Through that company, he rolled out his latest venture,Rendr. His birth sign is Leo and his life path number is 1. A son of Korean immigrants, Dr. Richard Parkthe cofounder of CityMDgrew up in the New York borough of Queens. Copyright 2023 Rendrcare. Dr. Park received a B.S. All Rights Reserved. The primary care group is an opportunity for the entrepreneur to, give back to the Asian American communities within the city. Chris: Any particular resources that informed your entrepreneurial journey, or that you use to keep up on the trends in the market and industry? No items found. So, how much is Richard Park worth at the age of 45 years old? And this is the story of CityMD. 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. Aftercare supports our brick-and-mortar services. I. I often tell that story to our providers and even some of our payers. If healthcare is a puzzle, each piece should certainly be of high quality, but its critical to put each of those pieces together. Right now, multimodal communication pathways are of a keen focus on healthcare. We help treat a range of symptoms and urgent care needs. If you're in emotional distress, contact the National Suicide Prevention Hotline. It's time for your annual flu shot, and CityMD has you covered. Its competition is paying attention. Show A Healthy Dose, Ep Richard Park - Feb 7, 2019 All Rights Reserved. What does this all mean? Timezone . The concept started when a group of Asian physiciansin NYCwanted to start an independent physician association (IPA) and went to him for advice. 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. In 2017, he sold the company for $600 million to a private equity firm, Warburg Pincus. . 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. | By CityMD | Facebook Log In Forgot Account? Not the Richard Park you were looking for? We have to fix it. The primary care group is an opportunity for the entrepreneur to give back to the Asian American communities within the city. I know of many thriving independent practices that provide excellent care to patients who are accessing good payor rates by joining independent physician associations (IPAs). He served as Chief Technology Officer of the United States and technology advisor for U.S. President Barack Obama. In 2017, Warburg Pincus acquired a majority stake in the company. 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. Whatdo you think?Wrong answer. Jeffrey Le Benger, who was the CEO of Summit Medical Group, has been named CEO of the combined organization. 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. Alginet (Valencia, Valencian Community, Spain) with population statistics, charts, map, location, weather and web information. Talkiatry has partnered with a number of insurance providers including United Healthcare, Aetna, BlueCross BlueShield and more. As of 2022, Richard Park's net worth is $100,000 - $1M. Since CityMD merged with Summit Medical Group in August 2019, Dr. Park has been serving as Vice-Chairman of the combined entity. Particularly those of us who went into primary care and/or emergency medicine. We are not even on the right planet or even on the same universe. Just walk-in to any location, no appointment necessary. Were sticking with the New York metro area. He . Not in an arrogant way, but so they have a rightful place at the table. All Rights Reserved. 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. 911. All Rights Reserved. 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.. That is a hard find. Dr. Park received a B.S. When I was the CEO ofCityMD,we hadAsian and non-Asian interns. We have to fix it. Not in an arrogant way, but so they have a rightful place at the table. . The non-Asian counterparts would ask for like $200,000 right out of college. Once you find the obituary you are looking for, you can get important information about upcoming services, share a favorite photo or memory, and . He is from American. Get 5 free searches. What are your requirements? Theyd often say something to the effect of, Whatever you want. Richard Park started his career as an emergency room doctor. 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. In 2019, he started a private equity firm of his own, Ascend Partners. Often times, non-Asian internswould kind of justbargein my door and say, Hey Rich.They were very comfortable and very casual. Alignment is really important, Park said. 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. Aftercare supports our site physicians by providing a safety net to perform anything and everything 7 days a week in real-time support. CityMD - City Medical of Upper East Side. Chris: Id love to hear you describe what your current day-to-day looks like, and whats most exciting to you and your team. What are some of the biggest challenges you have already faced in launching this venture and that you anticipate will be continuous? It takes self-responsibility and advocacy. There will be a health workshop, performances, and giveaways. Most of our larger shareholders ended up becoming line docs within the company, helping us do whatever it took. Rich: Yes, but its certainly more challenging than it once was. 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 . And there are many innovative primary care offerings, as well as integrated delivery networks (e.g. What kind of challenges have you see in terms of health care for the Asian American population, in New York City and beyond? Counties in 2016," said Dr. Richard Park, CEO of CityMD. Dr. Park studied emergency medicine in the Long Island Jewish Medical Centers residency program, where he served as chief resident. As a physician-entrepreneur, what are some of the guiding principles that helped you transition from provider to founder/CEO? The other thing is that any provider, not just Asian providers but any provider, caring for Medicare/Medicaid patients tend to be underinvested, under-standardized and under-powered to take on the needs of government-powered coordinated care. Richard Parks is an Executive VP & Chief Executive (Texas & New Mexico) at Providence based in Renton, Washington. Fax+1 516-342-7076. Theyd want a corner office. Every culture has their own challenges, and they have enough challenges for themselves. Dr. It has done 30,000 visits since its launch. Were a new kind of network-driven venture capital firm focused exclusively on early-stage health and life sciences startups. Instead, we pour billions into things that add more weight on the top of the health system without reinforcing the bottom. 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. Walgreens' VillageMD inks $9B deal to buy Summit Health. 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). Fierce Biotech. He is currently CEO of Rendr, a primary care practice serving the Asian population in New York City. And instead of coming upstairs to ask me about his prescriptions, hell go to CityMD and get some lab work, or X-rays, or an EKG done. 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 . For example, my dad is 80 years old, medically complicated. 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. Below are excerpts from this conversation. Every time a doctor joins us, we can improve their performance and deliver better patient care to this community. They provide incredible access and care for their patients. "You guys are capable and healthy. 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. Rich: Im a voracious reader, and I compound that by meeting a lot of people. 741-741. How do you get doctors to standardize? Short term, we dont have a budget. 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. But healthcare suffers from being too fragmented. In 2017, he sold the company for $600 million to a private equity firm, Warburg Pincus. Lets do it ourselves. See more providers. Yes, we all have to help each other, but there is a component of responsibility and self-determination. 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