In keeping her company private, Faulkner hopes to preserve Epic’s company culture, where both customers and employees are held in the highest esteem. Despite her company’s tremendous success, Faulkner strives to improve and evolve Epic, as the healthcare industry often changes rapidly and without warning. Building the company from her basement to the top of her industry, she has also amassed a personal fortune of over $5 billion-and a spot on Forbes’ “Power Women 2020” list. While rival healthcare IT company Cerner Corporation and others are bolstered by public investors, Faulkner has kept Epic off the market, rebuffing advances by GE and others. Now, with 40 years at the top of its industry, Faulkner’s company remains a privately-held enterprise-Epic has never been on either side of acquisition, staying homegrown and independent. Since founding Epic in 1979, CEO Judy Faulkner has helmed the company, which currently controls over 25% of the EMR software market. The COVID-19 pandemic has been a catalyst for accelerated digitization across the healthcare sector, and Epic Systems, a market-leading provider of electronic medical record (EMR) software, is among the beneficiaries.
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