Dr. Alan Shih to Attend the Prestigious Executive Education Program that Elevates Business Finance & Operations Doctors often struggle with business operations due to their uncompromising schedules, which often leaves little time for managing their businesses. While improving health and wellness is a joy, it's not sustainable if they're hemorrhaging money and have an unhealthy business for themselves.
By Liam Keeney
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Doctors often struggle with business operations due to their uncompromising schedules, which often leaves little time for managing their businesses. While improving health and wellness is a joy, it's not sustainable if they're hemorrhaging money and have an unhealthy business for themselves.
Board-certified podiatrist Dr. Alan Shih genuinely understands this. With an expertise of over 15 years and renowned for his commitment to patient care, he is set to enhance his business acumen by attending an executive program at the Wharton Business School of the University of Pennsylvania. This program will take place at the Steinberg Conference Center, which is situated among the historic halls at the Ivy League school.
Recognizing the challenges that many physicians face in managing the business side of healthcare, Dr. Shih is seizing the opportunity to bolster his expertise in finance and operations through the Entrepreneur Organization (EO) program in collaboration with the Wharton School. The program, slated to commence this spring in Philadelphia, promises to equip entrepreneurs with essential knowledge and strategies to navigate the complexities of financial management and operational efficiency.
Guided by esteemed professors from the Wharton School, Dr. Shih aims to leverage data-driven insights to drive growth within his organization while delivering unparalleled value to his patients. By mastering financial analysis tools and honing his communication skills, Dr. Shih intends to make informed decisions that will propel his practice to new heights of success.
Dr. Alan Shih believes that attending the Program will provide him with valuable insights and ideas. The program has different focus areas, such as technology, hospitality, and of course healthcare, which have seen tremendous growth. "Our core values at Head to Toe Healthcare are H - help people walk and live better, E - educate, evaluate, and evolve, A - advanced eye and foot care, and D - duplicate best practices from all industries," shares Dr. Shih. "Keeping these core values in mind, I am attending this program to understand and learn what individuals from other industries are doing. And accordingly incorporating the business side into holistic patient care." He believes that it is essential to constantly upgrade oneself with the changing and evolving business, and attending these kinds of programs provides opportunities for networking, collaboration, and growth.
Putting corporate finance at the heart of decision-making is mission-critical today, and not just in the C-suite. Senior-level executives in every industry face pressure to show the financial return and value of their initiatives, including the upside opportunity and downside risk of every decision. Having a strong foundation in finance and the ability to speak that language is a must in today's globally competitive market as errors quickly become magnified and have greater implications for a company's future.
The Wharton program offers a comprehensive curriculum that combines academic rigor with practical application. Dr. Shih will be able to delve into topics such as cost-benefit analysis, risk assessment, and decision-making criteria, gaining valuable insights that can inform strategic decisions within his organization. The podiatrist expects to emerge with enhanced confidence in engaging with financial executives and a deeper understanding of business valuation techniques and managerial decision-making processes.
"I am excited to immerse myself in this transformative learning experience," says Dr. Shih. "I am confident that the knowledge and skills gained from this program will enable me to drive sustainable growth and innovation within my practice."
Dr. Alan Shih's participation in the Wharton executive program exemplifies his commitment to continuous learning and professional development. As he embarks on this educational journey, Dr. Shih remains steadfast in his mission to deliver exceptional healthcare services while achieving business excellence.