Judith R. Faulkner was born on August 1943, in Madison, Wisconsin USA, and is an executive, best known to be the founder and CEO of the healthcare software company Epic Systems. She is considered by Forbes as “the most powerful woman in healthcare”. All of her efforts have helped put her net worth to where it is today.
How rich is Judith Faulkner? As of early-2017, sources inform us of a net worth that is at $2.4 billion, mostly earned through a successful career in the healthcare industry, which has ensured the position of her wealth.
Judy Faulkner Net Worth
Judith attended Dickinson College where she would earn a degree in mathematics. After graduating, she would then study for a master’s degree in computer science at the University of Wisconsin-Madison.
Faulkner created the company Human Services Computing after completing her master’s degree, putting in a $70,000 investment thanks to the help of her parents. The company would slowly grow and would later become Epic Systems Corporation, or Epic. The growth of her company helped her net worth increase at a rapid pace. The private healthcare company has produced software that is known to record more than 50 percent of patient’s records in the US, and they also hold a significant record for rest of the world, at around 2.5 percent of patient records worldwide. In 2005, the company moved its headquarters to Verona, Washington and has employed at least 9,500 people based on a report in 2016. It has slowly expanded its campus to include around 100,000 square feet of buildings, and the company’s continued expansion is a sign of Faulkner’s large net worth. The company has established its presence in other countries as well, including Australia, the Netherlands, the United Arab Emirates and Denmark.
Epic serves many large healthcare groups and medical centers, offering them software which helps in scheduling and registration. The data system also includes doctors, emergency personnel, radiologists, nurses, pharmacists, and more. The success of the company has attracted numerous competitors, such as MEDITECH, Allscripts, and Cerner. One of Epic Systems’ largest clients is Kaiser Permanente which decided to use Epic in 2003 for their electronic records system. Other clients Epic has include The Mount Sinai Hospital, Johns Hopkins Hospital, the Cleveland Clinic and Cedars-Sinai Medical Center. In 2016, Epic gained Partners HealthCare as a client for a contract worth $1.2 billion; the deal has been criticized as being larger than the cost of any of Partners’ buildings.
Epic Systems was voted the Top Overall Software Suite in the 2015/2016 Best in KLAS Awards, and have also won several other awards.
For her personal life, it is known that Judith is married to Dr. Gordon Faulkner, and they have three children. The family reside in Madison, Wisconsin. Judith signed The Giving Pledge which aims to encourage the wealthy to contribute to various philanthropic causes. Other pledgers include Warren Buffett and Bill Gates among many others.
