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Judith Faulkner

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Judith R. Faulkner
Born (1943-08-11) August 11, 1943 (age 81)
NationalityAmerican
Other namesJudy Faulkner
Alma materDickinson College
University of Wisconsin–Madison
OccupationHealthcare software entrepreneur
OrganizationEpic Systems
Political partyDemocratic[1]
SpouseGordon Faulkner
Children3

Judith R. Faulkner (born August 11, 1943) is an American billionaire businesswoman who is the CEO and founder of Epic Systems, a healthcare software company located in Verona, Wisconsin.[2] Faulkner founded Epic Systems in 1979, with the original name of Human Services Computing.[3] In 2013, Forbes called her "the most powerful woman in healthcare",[4] and as of July 2024, estimated her net worth at US$7.8 billion.[5]

Early life and education

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Faulkner was born in August 1943[6][7] to Louis and Del Greenfield.[8] Faulkner's parents inspired her early interest in healthcare; her father, Louis, was a pharmacist, and her mother, Del, was the director of Oregon Physicians for Social Responsibility.[8] She was raised in the Erlton neighborhood of Cherry Hill, New Jersey, and graduated from Moorestown Friends School in 1961.[9][10] She received a bachelor's degree in mathematics from Dickinson College and a master's degree in computer science from the University of Wisconsin–Madison.[8]

Career

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In 1979, shortly after receiving her master's degree, Faulkner co-founded Human Services Computing, with Dr. John Greist.[8] Human Services Computing, which later became Epic Systems, began in a basement at 2020 University Avenue in Madison, Wisconsin.[8] The company was started with a $70,000 investment from friends and family but has never taken investment from venture capital or private equity and remains a privately held company.[11] In fact, Faulkner prides herself in the fact that Epic is homegrown; they have never acquired another company,[8][12] and Faulkner has stated they will never go public.[13] Epic Systems now holds the medical records of over 325 million people.[14] Faulkner and her family currently own 43 percent of Epic Systems.[15]

Awards and recognition

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Personal life

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Faulkner lives in Madison, Wisconsin.[5][3] She is married to Dr. Gordon Faulkner, a pediatrician,[17] and they have three children.[5][17]

In 2015, Faulkner signed The Giving Pledge, committing 99% of her assets to philanthropy.[18] In 2019 Judy and Gordon founded the Roots & Wings Foundation,[19] which funds nonprofit organizations that serve low-income children and families.

References

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  1. ^ Gold, Ashley (April 9, 2015). "Epic, leading candidate for Pentagon EHR, emerges from shadows". Politico. Retrieved 29 July 2015.
  2. ^ Eisen, Marc (June 20, 2008). "Epic Systems Corporation: An Epic timeline". Isthmus. Archived from the original on 2011-05-22. Retrieved 2009-02-20.
  3. ^ a b Moukheiber, Zina (March 7, 2012). "Judy Faulkner: Health Care's Low-Key Billionaire". Forbes. Retrieved 2013-12-12.
  4. ^ Moukheiber, Zina (May 15, 2013). "An Interview With The Most Powerful Woman In Health Care". Forbes. Retrieved 2013-12-06.
  5. ^ a b c d "Forbes profile: Judy Faulkner". Forbes. Retrieved 20 July 2024.
  6. ^ "Billionaires: Judith R. FAULKNER". Wealth-X. Retrieved 2017-01-03.
  7. ^ "Judith R. Faulkner". check-business. Retrieved 5 September 2015.[permanent dead link‍]
  8. ^ a b c d e f Ferral, Katelyn; Lorenzsonn, Erik (April 12, 2017). "Her way: Epic Systems CEO Judy Faulkner talks about trusting her vision". The Capital Times.
  9. ^ "Nearly $3 Million in Transformative Gifts Kickstart Campaign To Permanently Endow Camden Scholars Program – Moorestown Friends School". Moorestown Friends School. 2016-03-28. Retrieved 2018-01-01.
  10. ^ Ronaldson, Tim (May 6, 2011). "An honor of 'Epic' proportions". Moorestown Sun. Archived from the original on December 16, 2019. Retrieved September 3, 2017.
  11. ^ Moukheiber, Zina (18 April 2012). "Epic Systems' Tough Billionaire". Forbes. Retrieved 17 February 2019.
  12. ^ "Epic Founder Judy Faulkner: A Revolutionary in Healthcare IT". American Dream Story. Retrieved December 4, 2023.
  13. ^ "Epic CEO Judy Faulkner Say Would Never Consider Buyout Offer From Apple". No. 15 February 2019. Business Insider. Retrieved 17 February 2019.
  14. ^ "About Us – Epic". www.epic.com. Retrieved 12 January 2023.
  15. ^ Boulton, Guy (2016-01-26). "Epic Systems founder Judy Faulkner plans to give billions to charity". Milwaukee Journal Sentinel. Gannett Co/Elizabeth Brenner. Retrieved 2017-03-14.
  16. ^ "The World's Most Powerful Women 2023". Forbes. Retrieved 2024-07-20.
  17. ^ a b "Faulkner funds foundation to keep Epic private". modernhealthcare.com. 5 March 2007. Retrieved 16 March 2018.
  18. ^ "Epic Systems founder plans to give billions to charity". www.jsonline.com. Retrieved 2019-08-20.
  19. ^ Roots & Wings Foundation
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