
Medical Innovation for Entrepreneurs, Investors, and Especially the "Average Physician" - Dr. Lance Black
05/24/21 • 52 min
Episode 60 - My guest on the podcast today is Lance Black. He’s the outgoing Associate Director for Innovation of the Texas Medical Center, now Senior Medical Director for 3ive Labs. This conversation really took me by surprise. He’s a world-class expert on medical innovation, but what I found surprising was how many facets of medical innovation are open to the average physician, whether that’s through developing a medical device, coming up with a non-medical innovation that helps your administrative costs and clinical efficiency, or investing in medical innovation startups.
No kidding, I really think you’re going to enjoy this. I learned a ton, and the conversation really helped me see through some different aspects of medical innovation that I’m actually excited to get into. I hope this conversation inspires you to go out and set the world on fire (metaphorically speaking). What idea do you have that is just waiting to be unleashed?
Resources mentioned in the show
- Free Resource: Creating a One-Liner that Will Kickstart Your Business' Growth
- Join the Business and Personal Finance for Physicians and Dentists Facebook Group!
- Check out the Doctor Podcast Network!: Click here and come check out the great podcasts that are a part of the network.
- One-on-one personal finance and business coaching: Click here and email me to set up a free consultation today!
Check out the additional free resources available at The Scope of Practice!
Episode 60 - My guest on the podcast today is Lance Black. He’s the outgoing Associate Director for Innovation of the Texas Medical Center, now Senior Medical Director for 3ive Labs. This conversation really took me by surprise. He’s a world-class expert on medical innovation, but what I found surprising was how many facets of medical innovation are open to the average physician, whether that’s through developing a medical device, coming up with a non-medical innovation that helps your administrative costs and clinical efficiency, or investing in medical innovation startups.
No kidding, I really think you’re going to enjoy this. I learned a ton, and the conversation really helped me see through some different aspects of medical innovation that I’m actually excited to get into. I hope this conversation inspires you to go out and set the world on fire (metaphorically speaking). What idea do you have that is just waiting to be unleashed?
Resources mentioned in the show
- Free Resource: Creating a One-Liner that Will Kickstart Your Business' Growth
- Join the Business and Personal Finance for Physicians and Dentists Facebook Group!
- Check out the Doctor Podcast Network!: Click here and come check out the great podcasts that are a part of the network.
- One-on-one personal finance and business coaching: Click here and email me to set up a free consultation today!
Check out the additional free resources available at The Scope of Practice!
Previous Episode

Maximizing Clinical Efficiency is Easier than You Think - April Rhoades
Episode 59 - My guest on the podcast today is April Rhoads. April is a clinical efficiency expert and now the founder of a new non-profit organization called Stop the Burnout. I’m excited for her to come on the show to talk about how to maximize clinical efficiency.
It’s funny, I thought this episode was going to be be like in the movie Office Space when the two consultants come in and everyone's basically interviewing for their jobs, but we went in several different directions than I thought. My hands were cramping from all the notes I was writing on the great stuff we talked about. This was a truly fantastic conversation. You’ll probably want to bookmark this episode and come back to it later. I guarantee that you'll find things to make your business run better and more efficiently if you listen to this episode.
Resources mentioned in the show
- Free Resource: The 10 Day Simple Clinic Makeover
- Join the Business and Personal Finance for Physicians and Dentists Facebook Group!
- Check out the Doctor Podcast Network!: Click here and come check out the great podcasts that are a part of the network.
- One-on-one personal finance and business coaching: Click here and email me to set up a free consultation today!
Check out the additional free resources available at The Scope of Practice!
Next Episode

The Good, the Bad, and the Ugly of Running a Successful Private Practice - Dr. Sogol Pahlavan
Episode 61 - My guest on the podcast today is Dr. Sogol Pahlavan. She’s a private practice pediatrician in Houston, TX. She has been in private practice for over a decade, growing the business steadily from 2 physicians to 8 physicians, dozens of staff, and over 10,000 patients. And, she did this all by bootstrapping it. She had no formal training in business, no MBA, but she did it anyway. As she’ll tell you, it wasn’t all sunshine and rainbows. There were some serious challenges along the way. She’s going to tell us all about it in this week’s episode. This is the Good, the Bad, and the Ugly of Private Practice, and it doesn’t get more real than this.
So, I just have to ask. If Dr. Pahlavan can build a thriving private practice in a big city dominated by a giant healthcare organization, and do it all with no formal training, why can’t you do it? I’m telling you, it is still possible to start and grow a private practice today. I hear stories about it from physicians all the time. There are hundreds of physicians starting, growing, or rehabilitating their practices all the time. As Dr. Pahlavan says, it is not only possible, it’s IMPERATIVE that we all as physicians take control of our businesses and our clinical practices to make them the best they can be. If we don’t, we're in danger of losing the opportunity to a big corporation that’ll come along and take over and leave us out of the loop.
- Sign up for the "Smart Strategies for Building a Successful Clinical Practice" Webinar: Click here!
- Register for the beta launch of Residency-Proof Your Marriage!
I'm excited to tell you about a new online course I'm launching called “Residency-Proof Your Marriage.” I’ve seen way too many couples get divorced or see their relationships go sour during their medical career. Medical training is an inherently divisive time, so you have to work to combat that!
This online video course will coach you through setting expectations, communicating effectively, getting on the same page with finances, and keeping your relationship thriving during a difficult time. Whether you’re in medical school, residency, or out in clinical practice, Residency-Proof Your Marriage is going to help you build a thriving medical marriage.
I’m looking for 15 couples to sign up for the beta version of the course. You’ll get full access to the course at the lowest price it’ll ever be offered. We’ll also ask you for feedback periodically throughout the course to help us make the course even better.
The price is $69 for students and trainees, and only $99 for practicing physicians. This is a very inexpensive investment in your marriage. A weekend marriage retreat will cost upwards of $1000 between food, registration, lodging, and vacation time.
For this course, you’ll get all the great content in the course for a fraction of the price and you complete it on your own time as your schedule allows. Click the link in the podcast description or go to www.thescopeofpractice.com/marriagecourse to sign up today. We’re limiting the signups initially to 15 couples, so sign up today. Again, just click the link in the podcast description or go to www.thescopeofpractice.com/marriagecourse to sign up today.
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