Company Overview
About Epic Systems
Epic Systems Corporation was founded in 1979 by Judith Faulkner and is headquartered in Verona, Wisconsin, remaining privately held with Faulkner as majority owner. The company develops large-scale electronic health record systems and reports that more than 305 million patients have a record in Epic, covering the majority of U.S. academic medical centers and large health systems including Kaiser Permanente, Mayo Clinic, Johns Hopkins, and Cleveland Clinic. Epic commands approximately 42% of U.S. acute care hospitals and nearly 55% of acute care hospital beds, making it the undisputed market leader in enterprise EHR.
Business Model & Competitive Advantage
Epic's business model is a perpetual-license and subscription platform sold directly to health systems, with revenue from implementation services, hosting, and an expanding app marketplace. Its competitive moat is deep clinical workflow integration and interoperability — as of June 2025, more than 1,000 hospitals and 22,000 clinics on Epic were connected to the federal TEFCA health information exchange. The company is investing heavily in generative AI through its Launchpad program, with more than 150 AI features in development for 2026 spanning clinical documentation, administrative automation, and patient-facing tools.
Competitive Landscape 2025–2026
In 2025 and into 2026, Epic faces its most significant antitrust pressure in its history, with lawsuits from Particle Health (2024) and CureIS Healthcare (2025) alleging monopolistic data-sharing practices that harm competitors. Meanwhile, Oracle Health, its closest rival, continues to struggle with its Cerner integration, inadvertently accelerating Epic migrations. Epic's interoperability dominance and AI roadmap make it the default choice for large health systems, but regulatory scrutiny around data access could reshape its competitive terms.
Company Timeline
Major milestones in Epic Systems's journey
Leadership Team
Meet the leaders behind Epic Systems
Judith Faulkner
Judy Faulkner is the visionary founder and CEO who started Epic Systems in 1979 with $70,000 and has led the company for over 45 years. She earned a bachelor's degree in mathematics from Dickinson College and a master's degree in computer science from the University of Wisconsin-Madison. At age 82, she remains actively engaged in company strategy and vision, with a net worth estimated at $7.8 billion, making her one of the most influential figures in healthcare technology.
Sumit Rana
Sumit Rana, age 49, was named President in August 2024 and is widely expected to assume CEO duties when Judy Faulkner transitions leadership. He joined Epic directly out of college in 1998 and was instrumental in building MyChart, Epic's patient portal product. With over 25 years of tenure, Rana has deep expertise in product development and strategic direction for the company.
Stirling Martin
Stirling Martin has served as Senior Vice President since October 2012 and holds the position of Chief Security Officer at Epic. He leads the company's security strategy and infrastructure to protect patient data and enterprise systems. Martin oversees security operations across Epic's global operations serving healthcare organizations worldwide.
Lars-Oluf Nielsen
Lars-Oluf Nielsen was named Chief Implementation Officer and Senior Vice President in January 2017. He previously served as CEO of iMDsoft, a provider of clinical information systems for acute and critical care. With his background in healthcare IT implementation, Nielsen oversees the successful deployment and integration of Epic systems across hospital networks and health systems.
Open Positions
Reddit Discussions
Key Differentiators
Market Leader
Epic Systems is recognized as a market leader in the Healthcare sector, demonstrating strong industry presence and customer trust.
Top 3 Ranked
Ranked #1 in the Healthcare category, consistently recognized for excellence.
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