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How Epic uses its power over health data to stifle innovation
STAT • • business
Key Points:
- Epic Systems Corp. dominates the U.S. hospital electronic health records market, generating over $6.5 billion annually and holding data on approximately 80% of Americans.
- The company's aggressive business tactics have suppressed competitors and hindered innovation, consolidating control over patient data critical for advancing medical technology.
- An investigation by STAT revealed that Epic selectively restricts access to patient data, disadvantaging rival software tools and maintaining its market dominance.
- Executives from 12 companies featured on Epic’s app marketplace reported that Epic undermines their businesses by denying data access, spreading negative rumors, and imposing high fees.
