A Truly Epic CEO Rocks the Cleveland Medical Innovation Summit

When Judy Faulkner launched Epic Systems from a Wisconsin basement in 1979, the medical software company was worth about $70,000. Speaking at the Cleveland Clinic Medical Innovation Summit, Faulkner told the audience about the firm's "Epic" journey.  According to Forbes, Faulkner has come a long way since founding the company. The CEO now has  a net worth of about $3.5 billion and is the third richest self-made woman on Forbes' list. Epic specializes in electronic health records and had sales of $2.7 billion in 2017. “When we started, we had about one-and a-half people now we have about 10,000,” Faulkner told the audience. But if you ask Faulkner, she never could have imagined how big her company eventually become.  “I never had a sense of what size [Epic Systems] would grow to,” Faulkner, told MD+DI in between sessions at the Innovation Summit. “At one point when we were at 50 people I told somebody I thought it would be 300. So, as you can tell, I was never really good at these things.” A programmer through and through, Faulkner has developed a company that has not only remained private since its inception, but it has also never made an acquisition or relied on venture capital. She told the audience because she was a programmer, her mindset led her to develop Epic differently than other companies in the space...
Source: MDDI - Category: Medical Devices Authors: Tags: Digital Health Source Type: news