Forbes September 27, 2024
At Epic System’s annual meeting in August, founder and CEO Judy Faulkner announced four new customers. Rather than the typical hospitals that use Epic’s electronic health records software for 280 million U.S. patients, these customers were health insurers: Healthfirst, Highmark, Independence and Molina.
Epic’s move into the health insurance market is now at the center of an antitrust lawsuit filed this week in federal court in the Southern District of New York. Particle Health, a startup that helps retrieve and analyze medical records with $39 million in venture-backing, has alleged Epic is a “monopolist” in the electronic health records market, according to the complaint. It claims Epic is using “its position of dominance to worm its way to the core...
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