Physicians are struggling with decreasing revenues, the need to see more and more patients, and questions if they are really making a difference anymore.
Many physicians are now turning toward inventing as a way to supplement their income and save and improve the lives of patients.
One of the most striking examples of the success of physician inventors is a retired orthopedic surgeon Gary K. Michelson. He invented hundreds of surgical implants and procedures to improve spinal surgeries and the lives of patients.
He settled a patent dispute with Medtronics for $1.35billion and has spent the years since in donating large portions of his fortune. He recently donated $50 million to USC for the USC Michelson Center for Convergent Bioscience.
While not all physician inventors become billionaires, many receive hundreds of thousands and some millions of dollar for their inventions.
For physicians interested in becoming a successful inventor, SEAK Inc. is running a course “How to Become a Successful Physician Inventor: Bringing Your Ideas to Market” on September 18-19, 2014 on Cape Cod, MA. For additional information about our physician courses, click here.
