Business Daily Business Daily meets: US healthcare CEO Judy Faulkner
May 1, 2025
Judy Faulkner, the founder and CEO of Epic Systems, started her company in a basement with just $70,000 and a vision to enhance patient data management. She discusses her journey, emphasizing her commitment to company independence amidst industry challenges. The conversation dives into the complexities of electronic health records and the ethical implications of data sharing. Judy also highlights the critical need for preventive care and equitable access in healthcare, sparking a reflection on societal values in health decisions.
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Origin Story of Epic Software
- Judy Faulkner was asked to write software to track patient clinical information over time despite having no prior experience in such systems. - She developed the original software that became Epic, letting users define their own data elements and screens.
Market Share Complexity Explained
- Epic may claim 80% market share but patients often have records across multiple vendors simultaneously. - Total market penetration exceeds 100% because of patient visits to multiple healthcare systems.
Tragic Spark for Interoperability
- Judy's husband, a pediatrician, lost a patient due to lack of access to her medical record in an emergency. - This inspired Epic's interoperability software enabling seamless, secure patient data sharing across locations.
