LeaderPortfolio
Faulkner
J
Rank #471
UNITED STATESTechnologyHealthcare software

Judy Faulkner

Net Worth
$7.812B
0% (24h)
Judy Faulkner, a pioneering figure in healthcare technology, is the founder and CEO of Epic Systems. Born in 1943, she has built a career centered around innovation in health informatics. Her net worth, estimated at $7.8 billion as of July 2024, stems from her majority ownership of Epic Systems, a leading provider of healthcare software. Faulkner's career began with a vision to transform medical record-keeping, and her achievements include building Epic into the largest electronic health records vendor by market share. She is recognized as the "most powerful woman in healthcare" by Forbes. In addition to her business success, Faulkner is committed to philanthropy, having signed The Giving Pledge and planning to donate 99% of her assets to charitable causes.

The Full Dossier

Early Life and Education

Judy Faulkner was born on August 11, 1943, in Cherry Hill, New Jersey. Her early interest in healthcare was inspired by her parents; her father was a pharmacist, and her mother was involved in social responsibility. She graduated from Moorestown Friends School in 1961. Faulkner earned a Bachelor's degree in Mathematics from Dickinson College in 1965 and a Master's degree in Computer Science from the University of Wisconsin–Madison in 1967.

Rise to Success

In 1979, Faulkner founded Human Services Computing, which later became Epic Systems. She started the company with a modest investment of $70,000 from family and friends. Epic Systems developed large-scale software systems for electronic health records. Under Faulkner's leadership, Epic has grown to become the market leader in the healthcare software industry, managing the medical records of over 300 million patients. The company has never taken venture capital or been acquired, remaining privately held.

Key Business Strategies

Epic's success is attributed to Faulkner's innovative approach and steadfast commitment to patient-centered care. The company has focused on building an integrated suite of healthcare applications. Epic's business model involves large upfront implementation fees and annual per-user licensing fees. The company's culture emphasizes in-house development and direct interaction with healthcare professionals to improve software. Epic’s revenue in 2024 was $5.7 billion.

Philanthropy

Judy Faulkner is deeply committed to philanthropy. In 2015, she signed The Giving Pledge, committing to donate 99% of her assets to philanthropy. In 2019, she and her husband, Dr. Gordon Faulkner, founded the Roots & Wings Foundation, which supports nonprofits assisting low-income children and families. Roots & Wings made $84.5 million in grants to more than 300 organizations in 2025.

Career Timeline

2019

Founded Roots & Wings Foundation

Established a family foundation focused on supporting low-income children and families.

2015

Signed The Giving Pledge

Committed to donating 99% of her assets to philanthropy.

2013

Recognized as "Most Powerful Woman in Healthcare" by Forbes

Acknowledged for her significant influence in the healthcare industry.

1979

Co-founded Human Services Computing (later Epic Systems)

Started the company with a $70,000 investment and developed software for healthcare.

Philanthropic Impact

Family Foundation$84.5M

Roots & Wings Foundation

Supports nonprofits aiding low-income children and families through various programs in 2025

Wealth Trajectory