Computer scientist Judy Faulkner is one of just a handful of self-made women billionaires. In 1979 she founded Epic Systems, a fast-growing vendor of electronic health records with 2011 revenues of $1.2 billion. More than 40% of the U.S. population will have its medical information stored in an Epic digital medical record by next year. Epic's market focus is large health care organizations. With an estimated worth of $1.7 Billion, Judy Faulkner is a new addition to the Forbes 400 list of self made women.
According to Forbes, Epic Systems Corp. founder Judy Faulkner and Diane Hendricks of ABC Supply Co. each made more than $1 billion over the last year, but that still fell far short of the biggest Wisconsin moneymaker: Herbert Kohler Jr. of Kohler Co. and his family made a whopping $3.3 billion.
Judy Faulkner might not be a household name yet, but in the health care industry, she’s simply known as Judy. She is the founder and chief executive officer of Epic Systems, a privately-held $1.5 billion (2012 revenue) company that sells electronic health records—a position that makes her one of the few self-made women on the Forbes billionaires list.
Epic Systems Corp. Chief Executive Officer Judy Faulkner, whose company provides electronic medical records for about half the U.S., said her rivals are attacking her business under cover of easing patient access to data.
One of the 20 newcomers on the Forbes list of the 400 richest Americans is from the Madison area. Judy Faulkner, 68, who founded medical software company Epic Systems Corp. in 1979, has a net worth of $1.7 billion and comes in at No. 285 on the annual list, which was released Wednesday.