Rich: Im a voracious reader, and I compound that by meeting a lot of people. The biggest challenge is finding leadership to get doctors to work together. The payers need someone who can catch their fastball, especially in the Medicare and Medicaid world. Often times, non-Asian internswould kind of justbargein my door and say, Hey Rich.They were very comfortable and very casual. Rich: Physicians went into the practice of medicine to help others. He then taught in the Teach the Teacher fellowship program. 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? counterparts would ask for like $200,000 right out of college. Since opening a single clinic on the Upper East Side in 2010, urgent-care chain CityMD has grown to 68 locations in three states. Walgreens' VillageMD inks $9B deal to buy Summit Health. Phone+1 516-342-7075. [1][2][3] The company operates more than 150 urgent care centers in New Jersey and New York. 0 (0 ratings) Leave a review Citymd Aftercare 1345 Rxr Plz Uniondale, NY 11556 Accepting new patients Make an Appointment Theyd want a corner office. We excelled in getting patients in the door at CityMD because we got 650 physicians to focus on net promoter scores and decreased wait time. "You guys are capable and healthy. Were a new kind of network-driven venture capital firm focused exclusively on early-stage health and life sciences startups. 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. in economics from the Wharton School of the University of Pennsylvania and an MD from Albert Einstein College of Medicine. He is a member of famous Player with the age 45 years old group. We believe systems work. 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. Iora Health and Oak Street Health are well-regarded from an innovative delivery standpoint. Dr. Park is also a co-editor of McGraw Hills Intensive Review of Emergency Medicine. And also to decrease the frustrations of our practice by supporting them with scribes and. We are not even on the right planet or even on the same universe. The non-Asiancounterparts would ask for like $200,000 right out of college. We have to fix it. Loved my job as a scribe. 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. And then the rest is spent with more of an external focus meeting potential partners, learning about what other companies are doing. He is currently single. 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. Aug. 13, 2019, 04:45 PM. And this is the story of CityMD. Under his leadership, CityMD grew successfully from a single-site startup medical office in 2010 . Home | CityMD Walk in when you need us With over 150 locations across NY and NJ, we'll take care of you. Most recently, it was merged with another Warburg property, Summit Medical Group under the corporate title, Summit Health. citymd.net; yahoo.com; bigplanet.com; hotmail.com; 5+ 516-993-XXXX; 516-815-XXXX; 516-458-XXXX; 516-484-XXXX; 212-772-XXXX; 212-772-XXXX; Chris: Any particular resources that informed your entrepreneurial journey, or that you use to keep up on the trends in the market and industry? Aftercare supports our brick-and-mortar services. Dr. Richard Park is a healthcare investor, entrepreneur, and board-certified emergency medicine physician. Dr. Richard Park is the founder and CEO of CityMD, a fast-growing chain of walk-in health clinics based in New York. Dr. Park received a B.S. Since CityMD merged with Summit Medical Group in August 2019, Dr. Park has been serving as Vice-Chairman of the combined entity. Chris: In your mind, what does a 10-star medical clinic visit look like? Short term, we dont have a budget. We are not even on the right planet or even on the same universe. How do we do that? Most of our larger shareholders ended up becoming line docs within the company, helping us do whatever it took. I often tell that story to our providers and even some of our payers. All of this hinges on the idea that urgent care centers . Main Stage 1:15 PM - 2:00 PM Subscribe to our free mailing list for announcements, freebies and more! For example, my dad is 80 years old, medically complicated. You can search by first or last name, state and publication date. But in 2005, he started working somewhere else: an urgent care clinic in New Hyde Park on Long Island. Richard's birth flower is Gladiolus and birthstone is Peridot and Sardonyx. 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. It takes self-responsibility and advocacy. Learn How rich is He in this year and how He spends money? It's time for your annual flu shot, and CityMD has you covered. CityMD. [4] CityMD employs over 700 physicians and mid-level practitioners. 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 . Copyright 2023 Rendrcare. What can health care leaders do now to address the problems plaguing Asian American communities? 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 healthcare suffers from being too fragmented. Chief Executive Officer at Rendr . Richard Park, M.D. Doctors resist standardization. It was the same philosophy at CityMD. When I was the CEO ofCityMD,we hadAsian and non-Asian interns. Copyright 2021 Calex Partners, LLC. The concept started when a group of Asian physiciansin NYCwanted to start an independent physician association (IPA) and went to him for advice. He is board-certified in emergency medicine and completed his medical studies at Albert Einstein College of Medicine in New York. See what Richard Park will be attending and learn more about the event taking place May 2 - 3, 2017 . The non-Asian counterparts would ask for like $200,000 right out of college. Thats the challenge of health care. 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. 1345 Rxr Plz. TheAsian internswould never make eye contact, never came into my office andweretoo intimidated to even makeconversation. Uniondale, NY 11556. CoFounder Partner and Former CEO @ CITYMD; Board Member @ CITYMD; see more . What does this all mean? Richard Parks is an Executive VP & Chief Executive (Texas & New Mexico) at Providence based in Renton, Washington. So, how much is Richard Park worth at the age of 45 years old? Our goal is to make world class care for working class immigrants here in New York. Rich: Yes, but its certainly more challenging than it once was. The primary care group is an opportunity for the entrepreneur to, give back to the Asian American communities within the city. Anyone who has spent any amount of time in, a massive success, growing to more than 100 locations across the, metro area. Richard Park Height, Weight & Measurements. Then, of course, there are those that form concierge practices that charge wealthier patients what basically amounts to as yearly retainer fees. top quality medical care have made CityMD the best place in New York City for urgent care. Dont wait for someone to solve your problems. Below are excerpts from this conversation. 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. CityMD - City Medical of Upper East Side. As a physician-entrepreneur, what are some of the guiding principles that helped you transition from provider to founder/CEO? Copyright 2023 Rendrcare. Rich: I try to split my days into thirds. Getting doctors to decrease variance and become more standardized. You have to strip down to the basic, fundamental, industrial operational needs before you can handle value-based care. I would ask the sameAsian internduring a job interview, What are your demands? Rich: We have to integrate the best of all worlds, make healthcare go from Blockbuster to Netflix. We remind physicians of their identity and calling, and then we equip them to do so. The primary care group is an opportunity for the entrepreneur to give back to the Asian American communities within the city. As for Park, he didnt sit back and take a victory lap. He currently resides in South Korea. Find contact details for 700 million professionals. 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. To connect with Dr. Park, email him at rpark@citymd.net. By not using a contractor model, Talkiatry will have more stability in its services but could struggle with scale. Right now, multimodal communication pathways are of a keen focus on healthcare. As of 2022, Richard Park's net worth is $100,000 - $1M. 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. Below are excerpts from this conversation. With over 150 locations across NY and NJ, well take care of you. You have this dedicated group of providers who have worked seven days per week for decades. 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. Dr. Park, the former CEO of CityMD, will now serve as the Vice-Chairman of the combined organization. Talkiatry has partnered with a number of insurance providers including United Healthcare, Aetna, BlueCross BlueShield and more. Richard Park, MD. Subsequently, we hope these interviews spur further thought and potential innovation and action in the areas discussed. Dr. Richard Park is board-certified in emergency medicine and completed his medical studies at Albert Einstein College of Medicine in New York. He is co-founder of Ascend Capital Partners, a middle market growth private equity fund investing in healthcare service providers. 988. Park said CityMD has a Long Island City call center with 90 people taking calls to make sure that follow-up visit happens. 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. Ive spoken with many entrepreneurs and executives, some of whom have retired but are still open to hopping on a phone call. He graduated from ALBERT EINSTEIN MEDICAL CENTER in 1999. Focused on driving awareness, adoption, partnerships, and investments in the best new ideas in healthcare. On this Wikipedia the language links are at the top of the page across from the article title. Copyright 2010 - 2023 Summit Health Management, LLC. What are some of the biggest challenges you have already faced in launching this venture and that you anticipate will be continuous? Its competition is paying attention. CITYMD has 39 locations in the five boroughs. Dr. Park is the author and co-editor-in-chief of McGraw-Hills Intensive Review of Emergency Medicine. What kind of challenges have you see in terms of health care for the Asian American population, in New York City and beyond? I left management and sit on the board. 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. 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. Rich: Theres a lot of integration across specialties, such as urgent care, dermatology, and orthopedic practices to name a few. All Rights Reserved. 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 CityMD is a healthcare company co-founded in 2010 by Dr. Rich Park and a group of 8 physicians. Timezone . We did that by standardizing practices across 3,000 employees and 650 doctors. No items found. Once you find the obituary you are looking for, you can get important information about upcoming services, share a favorite photo or memory, and . Richard Park Hockey Player #123615. He is currently CEO of Rendr, a primary care practice serving the Asian population in New York City. If youre not standardized, you cant scale. 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.. 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. That check was led by Sikwoo Capital Partners with participation from Relevance Ventures and Park. Richard Park, Physician and Entrepreneur Cofounder of CityMD, Dr. Richard Park grew up in the New York borough of Queens, a son of Korean immigrants. We are vertical integrators, and we concentrate on specific geographies so that we can better meet the needs of our patients. They are a 100-year-old institution with every specialty, and merged with CityMD, which was 100 months old. Just walk-in to any location, no appointment necessary. We were punching above our weight class, but we knew urgent care was a hot industry. Jeffrey Le Benger, who was the CEO of Summit Medical Group, has been named CEO of the combined organization. 911. Prior to founding CityMD in 2010, Dr. Park was an Attending Physician in the Emergency Department at Long Island Jewish Medical Center. Alignment is really important, Park said. Stability among its supply of psychiatrists is key here. Rendr is about self-advocacy and its about creating the fundamental business to grow in a value-based world. Maybe in 10 years, someone can take it to another state. Two years later,Rendris in 34 locations with 80 providers serving nearly 100,000 patients. Search. 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. Loved taking care of the patients. 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. Every culture has their own challenges, and they have enough challenges for themselves. They provide incredible access and care for their patients. **This interview has been edited and condensed for the sake of clarity.**. People want to make things more complex. 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). This interview features Dr. Richard Park, the Founder of CityMD, the leading urgent care provider in the New York Metro Area and Seattle, Washington. 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