4.6 • 12 Ratings
🗓️ 3 October 2024
⏱️ 5 minutes
🧾️ Download transcript
As CEO of the $4.9 billion revenue electronic medical records giant, Judy Faulkner is one of the most powerful people in healthcare.
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0:00.0 | Here is your Forbes Daily Briefing for Thursday, October 3rd. |
0:05.0 | Today on Forbes, How EPIC's 81-year-old billionaire founder |
0:10.0 | plans to keep her health data empire private forever. |
0:15.1 | Judy Faulkner takes the stage at EPIC systems annual customer meeting, |
0:19.0 | where 7,000 health care industry executives have gathered. |
0:23.0 | Faulkner is the founder and CEO of EPIC, |
0:25.4 | a company with $4.9 billion in annual revenue, |
0:29.2 | whose medical record software is used for 325 million patients worldwide. |
0:35.0 | Her audience has made the annual pilgrimage to EPIC's quirky book-themed |
0:39.0 | 1,670 acre headquarters in rural Verona, Wisconsin to hear the latest news about the tech |
0:46.1 | that many rank and file doctors love to hate. |
0:50.4 | Faulkner, a computer programmer who founded Epic in a basement in 1979, has bucked convention from day one, |
0:57.0 | starting with the company dress code, which is, quote, |
1:00.0 | When there are visitors, you must wear clothes. |
1:04.0 | While competitors like Cerner, now Oracle Health, |
1:08.0 | all Scripps, now Verodyme, and Athena Health |
1:11.0 | grew by taking venture capital money, executing mergers and acquisitions, |
1:16.2 | going public and then private again, Faulkner has assured any outside interference. |
1:22.4 | This mentality is enshrined in the first two of EPIC's 10 Commandments, |
1:26.5 | which hang on the wall in a campus bathroom. |
1:28.8 | Quote, number one, do not go public. Number 2. Do not be acquired. |
1:35.0 | And she intends to keep it that way. |
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