Judith Faulkner Explained

Judith R. Faulkner
Other Names:Judy Faulkner
Birth Date: 11 August, 1943
Nationality:American
Alma Mater:Dickinson College
University of Wisconsin–Madison
Occupation:Healthcare software entrepreneur
Organization:Epic Systems
Party:Democratic[1]
Spouse:Gordon Faulkner
Children:3

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

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. 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.

Career

In 1979, shortly after receiving her master's degree, Faulkner co-founded Human Services Computing, with Dr. John Greist. Human Services Computing, which later became Epic Systems, began in a basement at 2020 University Avenue in Madison, Wisconsin. 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,[12] and Faulkner has stated they will never go public.[13] Epic Systems now holds the medical records of over 300 million people.[14] Faulkner and her family currently own 43 percent of Epic Systems.[15]

Awards and recognition

Personal life

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

In 2015, Faulkner signed The Giving Pledge, committing 99% of her assets to philanthropy.[18] Judy and Gordon founded the Roots & Wings Foundation in 2019. Roots & Wings funds nonprofit organizations that help low-income children and families reach their full potential through prevention, early intervention, and in-depth programming that changes lives.

Notes and References

  1. News: Gold . Ashley . Epic, leading candidate for Pentagon EHR, emerges from shadows . 29 July 2015 . Politico . April 9, 2015.
  2. News: Eisen . Marc . Epic Systems Corporation: An Epic timeline . Isthmus . June 20, 2008 . 2009-02-20 . 2011-05-22 . https://web.archive.org/web/20110522124202/http://www.thedailypage.com/isthmus/article.php?article=22984 . dead .
  3. News: Zina . Moukheiber . Judy Faulkner: Health Care's Low-Key Billionaire . March 7, 2012 . Forbes . 2013-12-12.
  4. News: Moukheiber . Zina . An Interview With The Most Powerful Woman In Health Care . Forbes . May 15, 2013 . 2013-12-06 .
  5. Web site: Forbes profile: Judy Faulkner. Forbes. 20 July 2024.
  6. Web site: Billionaires: Judith R. FAULKNER . Wealth-X . 2017-01-03.
  7. Web site: Judith R. Faulkner . check-business . 5 September 2015 .
  8. News: Katelyn . Ferral . Erik . Lorenzsonn . Her way: Epic Systems CEO Judy Faulkner talks about trusting her vision . The Capital Times. April 12, 2017.
  9. News: Nearly $3 Million in Transformative Gifts Kickstart Campaign To Permanently Endow Camden Scholars Program – Moorestown Friends School. 2016-03-28. Moorestown Friends School. 2018-01-01. en-US.
  10. News: Tim . Ronaldson . An honor of 'Epic' proportions . Moorestown Sun . May 6, 2011 . September 3, 2017 . December 16, 2019 . https://web.archive.org/web/20191216160938/https://thesunpapers.com/2011/05/06/an-honor-of-epic-proportions/ . dead .
  11. News: Moukheiber . Zina . Epic Systems' Tough Billionaire . 17 February 2019 . Forbes . 18 April 2012.
  12. Web site: Epic Founder Judy Faulkner: A Revolutionary in Healthcare IT . December 4, 2023 . American Dream Story.
  13. News: Epic CEO Judy Faulkner Say Would Never Consider Buyout Offer From Apple . 17 February 2019 . Business Insider . 15 February 2019.
  14. Web site: About Us – Epic. www.epic.com. 12 January 2023.
  15. News: Boulton . Guy . Epic Systems founder Judy Faulkner plans to give billions to charity . Milwaukee Journal Sentinel . Gannett Co/Elizabeth Brenner . 2016-01-26 . 2017-03-14 .
  16. Web site: The World's Most Powerful Women 2023 . 2024-07-20 . Forbes. en.
  17. Web site: Faulkner funds foundation to keep Epic private. 5 March 2007. modernhealthcare.com. 16 March 2018.
  18. Web site: Epic Systems founder plans to give billions to charity. www.jsonline.com. en. 2019-08-20.