Epic Systems Corporation: Market Research Report
Company Overview
- Name: Epic Systems Corporation
- Mission: To develop software that helps people get well, helps people stay well, and helps future generations be healthier.
- Founded: 1979
- Founder: No information is available.
- Key People: No information is available.
- Headquarters: 1979 Milky Way, Verona, Wisconsin 53593, United States
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known For: Epic is known for developing electronic health records (EHR) software that enables the creation of a single, comprehensive medical record informing and informed by patients' health experiences.
Products
Epic's Health Software
- High-Level Description: Epic offers comprehensive software solutions that integrate patients' health experiences into single, all-encompassing medical records, aimed at delivering higher quality, more personalized care.
- Key Features:
- Enterprise Dashboards: Facilitates data-driven decisions for health systems by compiling key metrics from both Epic and external sources, enhancing efficiency in operational and strategic decisions.
- Patient Flow Tools: Enhancing analytics, capacity command center management, and discharge operations to improve patient discharge times and reduce emergency department boarding.
- Revenue Cycle Automation: Automates processes in revenue cycle management to increase collections, save money, and improve patient convenience.
- Specialties Covered: Academic medical centers, community hospitals, Children’s organizations, dental clinics, hospice, independent practices, life sciences, mental health, payers, skilled nursing, and more.
Recent Developments
New Products and Features
- AI Implementation: Integration of Cosmos AI to improve administrative workflows, providing more efficient processes and reducing frustration.
- Trusted Exchange Framework and Common Agreement (TEFCA): Epic plans to transition all associated hospitals and health systems to TEFCA by the end of 2025 to enhance health data interoperability.
- Patient Summaries with AI: Deployment of AI-enabled patient summaries, greatly reducing the time required by clinicians to review years of patient data.
Partnerships and Collaborations
- European Group Meeting: Epic held its inaugural EGM in Bristol, UK, to leverage technology to improve care outcomes, patient experience, and clinician happiness. The EGM is an annual meeting aimed at advancing healthcare innovation through a shared technological platform.
Ongoing Initiatives
- Interoperability: Epic continues to lead in nationwide health data interoperability advancements, crucially facilitating more streamlined and effective patient care across healthcare systems globally.
- Patient Experience Platforms: Expansion of the patient self-scheduling capability via MyChart, aiming to reduce administrative burdens while providing convenience to patients via automated appointment scheduling.
This comprehensive report on Epic Systems Corporation is synthesized from available data, and certain fields remain with "No information is available" where specifics were not found.
