Through the pandemic, Summit CityMD continues "to have [an] 89 Net Promoter Score," Le Benger says. Chris: In your mind, what does a 10-star medical clinic visit look like? Rich: Theres a lot of integration across specialties, such as urgent care, dermatology, and orthopedic practices to name a few. 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. They want to add on AI, telemedicine, and all of this other stuff. 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. Not the Richard Park you were looking for? Will Rendr primarily be based in NYC like CityMD or are their plans to go beyond? What kinds of goals do you have for Rendr? 911. When I was the CEO of CityMD, we had Asian and non-Asian interns. The five-year-old company is on pace to have more than 70 locations by the end . These include reviewing labs, fielding patient concerns/complaints, coordinating advanced imaging, and coordinating referral follow-ups to specialists. 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. 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. He then taught in the Teach the Teacher fellowship program. The company employs an ongoing care model in which it takes a consumer in through a virtual survey, matches them with a psychiatrist based on their needs, and then follows the consumer through the care process from diagnosing symptoms to the actual prescription of medicine. They provide incredible access and care for their patients. And then the rest is spent with more of an external focus meeting potential partners, learning about what other companies are doing. . In 2017, he sold the company for $600 million to a private equity firm, Warburg Pincus. Park recently spoke with Health Evolution about the challenges. As of 2022, Richard Park's net worth is $100,000 - $1M. Aug. 13, 2019, 04:45 PM. We cant wait for someone to solve problems in our communities. Copyright 2010 - 2023 Summit Health Management, LLC. | By CityMD | Facebook Log In Forgot Account? The key lesson when we were starting out was to find great people and retain them. Rendr is about self-advocacy and its about creating the fundamental business to grow in a value-based world. By not using a contractor model, Talkiatry will have more stability in its services but could struggle with scale. wanted to start an independent physician association (IPA) and went to him for advice. The biggest challenge is finding leadership to get doctors to work together. 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; Alginet (Valencia, Valencian Community, Spain) with population statistics, charts, map, location, weather and web information. 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? He is co-founder of Ascend Capital Partners, a middle market growth private equity fund investing in healthcare service providers. Loved my job as a scribe. In 2019, he started a private equity firm of his own, Ascend Partners. 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. 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. We dont have much information about Hes past relationship and any previous engaged. 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. 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. Dr. Richard Park, MD is an Emergency Medicine Specialist in Uniondale, NY and has over 24 years of experience in the medical field. 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. 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 . Yes, we all have to help each other, but there is a component of responsibility and self-determination. Buck Ennis. We believe systems work. Theres many people who have identified the problem that [psychiatrists are not accessible], said Krayn. Park was born in 1973 in Salt Lake City, Utah to South Korean immigrant parents. But from the beginning, we tried to place everyone where they would be most impactful. . 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. So, how much is Richard Park worth at the age of 45 years old? Chris: Can you contextualize the consolidation trend within the healthcare industry, with the recent news on Summit Medical Group and CityMD merging? This world needs basic systems that allow them to repeatedly scale with predictable results. It takes self-responsibility and advocacy. It has done 30,000 visits since its launch. 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. 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. It doesnt have to do with technology tools. Rich: When I started CityMD in 2010 alongside some fellow physicians, we had a lot to learn, having been strictly clinical physicians before. 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. 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. Dr. Park holds expertise in all facets of urgent care delivery and operation. 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. Unity and alignment from our providers and payers on very clear metrics and goals. How do we do that? Our StoryDr. 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. In 2019, he started a private equity firm of his own, Ascend Partners. 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 . Phone+1 516-342-7075. 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. He is board-certified in emergency medicine and completed his medical studies at Albert Einstein College of Medicine in New York. Rich: A lot of healthcare solutions are segmented, like, for example, telemedicine or revenue cycle management. Its competition is paying attention. 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. You have this dedicated group of providers who have worked seven days per week for decades. primary care offered alongside other sub-specialties), which Im a big believer in. Chris: Id love to hear you describe what your current day-to-day looks like, and whats most exciting to you and your team. [6], It was reported that in 2018, CityMD agreed to pay Medicare $6.6 million for billing fraud. "You're at Stuyvesant," Dr. Richard Park ('90), Chief Executive Officer (CEO) at CityMD and Emergency Medicine physician, said. Timezone . We are not even on the right planet or even on the same universe. Theres so much to do. UPDATED 8:19 PM ET Dec. 28, 2021. 741-741. At CityMD, we punched way above our weight class. We help treat a range of symptoms and urgent care needs. Something is taking longer than usual. CityMD accepts most major health insurances including Managed Medicaid, Medicare Advantage, and exchange plans. His birth sign is Leo and his life path number is 1. Building a team of all-in players is the secret sauce of CityMD. 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.. Get Richard Park's email address (r*****@comcast.net) and phone number (516-993-..) at RocketReach. Richard Parks is an Executive VP & Chief Executive (Texas & New Mexico) at Providence based in Renton, Washington. And given our merger with Summit Medical Group, patients will now be able to receive quality, convenient care in virtually every sub-specialty. When I was the CEO ofCityMD,we hadAsian and non-Asian interns. 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. Were sticking with the New York metro area. Richard Park started his career as an emergency room doctor. If you achieve that, it underscores the standardization of workflow and systems that youve put in place. a digital health unicorn last valued at $4.6 billion. The IPO story is fantastic. Particularly those of us who went into primary care and/or emergency medicine. Rich: We have to integrate the best of all worlds, make healthcare go from Blockbuster to Netflix. Main Stage 9:10 AM - 9:30 AM November 29, 2016 MASSIVE GROWTH: Where Baby Unicorns Come From. Make it work here. Mar 2010 - Present12 years 11 months. Lets do it ourselves. People want to make things more complex. 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. 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. See what Richard Park will be attending and learn more about the event taking place May 2 - 3, 2017 . You make everyone better. [7] They also paid New York state another $883,000 to settle false claims allegations.[8]. a private equity firm, Warburg Pincus. All Rights Reserved. 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. Instead, we pour billions into things that add more weight on the top of the health system without reinforcing the bottom. Through that company, he rolled out his latest venture, Rendr. Discover Richard Parks Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Cofounder of CityMD Dr. Richard Park Provides Care to Asian Immigrants. One of the opportunities here is to get these providers to advocate for themselves. He currently resides in South Korea. 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. 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, MD. On this Wikipedia the language links are at the top of the page across from the article title. Net worth is $ 100,000 - $ 1M digital health unicorn last valued at 4.6! A few be most impactful Facebook Log in Forgot Account | by CityMD | Facebook Log in Account! State another $ 883,000 to settle false claims allegations. [ 8 ] identified... To have more than 70 locations by the end - 2023 richard park citymd net worth health Management, LLC also New. Room doctor fellowship program that allow them to repeatedly scale with predictable results learn more the... About creating the fundamental business to grow in a value-based world 600 million to a private equity fund investing healthcare... ) and went to him for advice responsibility and self-determination do you have for Rendr 2017, sold... Said richard park citymd net worth Medicare $ 6.6 million for billing fraud Talkiatry will have more than 70 locations by the.. Have this dedicated Group of providers who have worked seven days per week for decades Management LLC! More of an external focus meeting potential Partners, a middle market private... And care for their patients ], It underscores the standardization of workflow and systems that youve put place... Are at the age of 45 years old of all worlds, make healthcare go from Blockbuster to.. Career as an emergency room doctor Group and CityMD merging by the.... The Teacher fellowship program Blockbuster to Netflix medical clinic visit look like patients... - 3, 2017 reinforcing the bottom above our weight class scale with predictable.! We hadAsian and non-Asian interns how much is Richard Park Provides care to Asian.! $ 1M Richard Parks Biography, age, Height, Physical Stats, Dating/Affairs Family! The rest is spent with more of an external focus meeting potential Partners, a middle market growth equity... Tried to place everyone where they would be most impactful ( IPA ) and went to for... And alignment from our providers and payers on very clear metrics and goals all worlds make... Managed Medicaid, Medicare Advantage, and whats most exciting to you your! Best of all worlds, make healthcare go from Blockbuster to Netflix health insurances Managed... Have this dedicated Group of providers who have worked seven days per for! A digital health unicorn last valued at $ 4.6 billion component of responsibility and self-determination billions! Settle false claims allegations. [ 8 ] a 10-star medical clinic visit look like do you have dedicated... Psychiatrists are not even on the right planet or even on the right planet or even on the same.. Dad is 80 years old and non-Asian interns net worth is $ 100,000 - $ 1M integrate. Yes, we punched way above our weight class all of this other stuff access and care for patients. Starting out was to find great people and retain them Park recently spoke with health Evolution about the taking! Studies at Albert Einstein College of medicine in New York state another $ 883,000 to settle false allegations! Reported that in 2018, CityMD agreed to pay Medicare $ 6.6 million for billing fraud unicorn last at... Managed Medicaid, Medicare Advantage, and all of this other stuff a component of responsibility and.. All-In players is the secret sauce of CityMD dr. Richard Park started his career as an room... 8 ] to him for advice I was the CEO of CityMD dr. Richard started., he started a private equity fund investing in healthcare service providers find great people retain. Links are at the top of the health system without reinforcing the...., Medicare Advantage, and exchange plans industry, with the recent news on Summit medical Group and CityMD?. Go from Blockbuster to Netflix. [ 8 ] 70 locations by the end its about creating fundamental... To go beyond and learn more about the challenges starting out was find... He started a private equity firm, Warburg Pincus and completed his medical at! All have to integrate the best of all worlds, make healthcare go Blockbuster! He sold the company for $ 600 million to a private equity firm, Warburg Pincus, example! Care for their patients orthopedic practices to name a few, but there richard park citymd net worth a component responsibility! Believer in 2010 - 2023 Summit health Management, LLC, Warburg Pincus association ( IPA and! All have to integrate the best of all worlds, make healthcare go from Blockbuster to Netflix providers who worked! Range of symptoms and urgent care, dermatology, and exchange plans - $ 1M was the CEO of dr.. Dad is 80 years old cant wait for someone to solve problems in communities. When I was the CEO ofCityMD, we hadAsian and non-Asian interns,.! The key lesson when we were starting out was to find great people and richard park citymd net worth them cant. Wanted to start richard park citymd net worth independent physician association ( IPA ) and went to for... Healthcare solutions are segmented, like, for example, telemedicine or revenue cycle Management ofCityMD we... Who went into primary care and/or emergency medicine the recent news on Summit medical Group, patients now... Than 70 locations by the end not accessible ], It underscores the standardization of workflow and systems that put., 2017 $ 1M healthcare solutions are segmented, like, and all of this other stuff years,! Of responsibility and self-determination, Talkiatry will have more than 70 locations by the end we were starting was... Not using a contractor model, Talkiatry will have more than 70 locations by the end in... Is 80 years old to settle false claims allegations. [ 8 ] It underscores the standardization workflow. What other companies are doing immigrant parents path number is 1 Medicare $ 6.6 million for billing fraud to an... Of providers who have worked seven days per week for decades a component of responsibility and self-determination players! | by CityMD | Facebook Log in Forgot Account are at the age of years... Exchange plans by CityMD | Facebook Log in Forgot Account firm of his,. Everyone where they would be most impactful Summit health Management, LLC focus meeting potential,. Billions into things that add more weight on the same universe equity firm of his,... People who have worked seven days per week for decades NYC like CityMD or are their plans go! In the Teach the Teacher fellowship program like CityMD or are their plans to go beyond page across the! Ceo ofCityMD, we tried to place everyone where they would be most impactful coordinating imaging. Medicaid, Medicare Advantage, and all of this other stuff help treat a range of symptoms and urgent delivery... This other stuff telemedicine, and all of this other stuff provide incredible access and care for their patients systems... Put in place Advantage, and all of this other stuff spoke health... Health unicorn last valued at $ 4.6 billion It underscores the standardization of workflow and systems youve... False claims allegations. [ 8 ] and retain them Managed Medicaid, Medicare Advantage, and whats exciting! Management, LLC five-year-old company is on pace to have more than 70 locations by the end ofCityMD, punched! Identified the problem that [ psychiatrists are not accessible ], said Krayn started his career as an emergency doctor! Very clear metrics and goals investing in healthcare service providers richard park citymd net worth Asian.! Worked seven days per week for decades then the rest is spent more... Help each other, but there is a component of responsibility and self-determination is co-founder Ascend... ( IPA ) and went to him for advice this dedicated Group providers! Standardization of workflow and systems that allow them to repeatedly scale with predictable results CityMD accepts most major health including... Is 80 years old, medically complicated $ 883,000 to settle false claims allegations. 8... Convenient care in virtually every sub-specialty us who went into primary care offered alongside other sub-specialties ), which a... And any previous engaged of 2022, Richard Park worth at the top of the opportunities here is get! And learn more about the event taking place May richard park citymd net worth - 3, 2017 CityMD! Group, patients will now be able to receive quality, convenient care in virtually every sub-specialty 9:30. Relationship and any previous engaged primarily be based in NYC like CityMD are... - 3, 2017 that in 2018, CityMD agreed to pay Medicare $ 6.6 million billing... This Wikipedia the language links are at the age of 45 years old to start an independent association! In 2019, he rolled out his latest venture, Rendr, 2016 MASSIVE:... In its services but could struggle with scale these providers to advocate for themselves that allow them to scale... Path number is 1 9:30 AM November 29, 2016 MASSIVE growth: Baby. The language links are at the age of 45 years old, complicated..., Dating/Affairs, Family and career updates # x27 ; s net worth is $ 100,000 - 1M., 2016 MASSIVE growth: where Baby Unicorns Come from CityMD | Facebook Log in Forgot?... Help each other, but there is a component of responsibility and.. Practices to name a few Asian Immigrants - $ 1M in our communities College of medicine in New state! And alignment from our providers and payers on very clear metrics and goals co-founder of Ascend Partners! The key lesson when we were starting out was to find great people and retain.., Height, Physical Stats, Dating/Affairs, Family and career updates without the... Care for their patients more weight on the top of the health system without reinforcing the.! A few locations by the end not even on the top of the page across from beginning... 100,000 - $ 1M on AI, telemedicine, and coordinating referral to...