Verona, a sign of the name outside the epic headquarters in Verona, Wisconsin.
Source: Yim through Wikipedia CC
EPIC Systems, the largest electronic health record (EHR) seller, got its biggest net profit in the market share of the hospital on record in 2024, widen his lead over the opponent OracleAccording to a report from Class research On Wednesday.
The report stated that in 2024 Epic added a total of 176 facilities and 29,399 beds, while Oracle lost 74 sites and 17,232 beds during the same period. For the first time, Oracle refused to share a list of new contracts with KLAS, which was a health care IT research foundation. The class said it estimated the market share of Oracle.
The report said, “Epic’s reputation for customer partnership has taken him at the forefront of most EHR ideas,” the report said.
Oracle and EPIC did not immediately respond to the CNBC request for comments.
EHR is a digital version of a patient’s medical history that is updated by doctors and nurses. The software sits at the center of the modern American health care system. Oracle became the second largest seller behind the epic privately held in 2022, with medical records obtained for veteran Sernar About $ 28 billion,
Health care organizations have cited “poor partnership and lack of follow -up” as his primary concerns with Oracle, the class said. But the company has a sense of “cautious optimism” after some recent technological developments, including new artificial intelligence facilities and the brand-new EHR Oracle announced in October.
Based on the recent comments by Larry Alison, the founder of Oracle, his company ranks in a favorable place.
Alison spent a lot of time on this subject Fireruside chat At the company’s annual Oracle Health Summit in March. And on Oracle’s quarterly call with investors in September, Ellison said that his company’s EHR is equipped with AI capabilities such as transcription and order distribution that make it unique.
“Our user interface is very different from the epic,” he said.
One in blog post In May Kane Gluk, an executive vice -president in Oracle left after the epic, the founder and CEO Judy Folkner said “the single biggest obstacle for EHR interoperability”, how is a word to exchange various software systems information.
But Oracle’s EHR software has been killed by outage and rocky deployment in recent years.
Oracle engineers accidentally led to a five-day software outage in many community health systems hospitals which had just become clear this week. Facilities were to activate downtime procedures and temporarily return to paper-based patient records.
“Over the past decade, Epic is the only seller chosen by large health systems, which makes the EHR decision, which has steadily increased market share,” the KLAS report said.
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