The billionaire founder and CEO of an electronic health record (EHR) system used by 1700 retail clinics nabbed the third spot on Forbesâ€™ 2016 list of Americaâ€™s Richest Self-Made Women.
The billionaire founder and CEO of an electronic health record (EHR) system used by 1700 retail clinics nabbed the third spot onForbes’ 2016 list of America’s Richest Self-Made Women.
Epic Systems’ Judy Faulkner currently has a net worth of $2.4 billion, according toForbes. Nevertheless, she once called herself “the worst billionaire ever” because she was driving a 5-year-old Audi station wagon, and her previous car was 11 years old.
The 72-year-old computer programmer founded the health technology firm, which was then called Human Services Computing, out of a basement in Madison, Wisconsin, back in 1979. Today, Epic posts annual revenues of more than $2 billion, and the company’s enhanced EHR software serves 385 health care organizations, includingCVS MinuteClinic and Walgreens Healthcare Clinic.
Epic’s platform is used in 1600 hospitals, 33,500 clinics, and 1700 retail clinics, according to a company fact sheet. Health care providerssharemore 1 million Epic health records daily, and the software stores health care information for more than half of the US population.
This fall, Epic plans to implement a new capability to provide patients with access to their medical information from multiple health care providers on a single page.
In the meantime, the customization and data analytics capabilities of Epic’s Care Everywhere network is streamlining the work of clinicians at MinuteClinic and Walgreens Healthcare Clinics, who are on thefront linesof navigating the Affordable Care Act and have a mandate to provide high-quality, streamlined care.
Faulker tied for third onForbes’ list with Doris Fisher, the co-founder of Gap. Diane Hendricks, co-founder and CEO of ABC Supply, took the top spot, while Oprah Winfrey landed the second slot