The homonym sign outside the epic headquarters in Verona, Wisconsin.
Source: Yiem through Wikipedia CC
Epic Systems, the largest supplier of electronic health records (EHR), achieved its greatest net gain in the hospital market recorded in 2024, expanding its leadership over rival OracleAccording to a Klas Research report on Wednesday.
Epic added a total of 176 facilities and 29,399 beds in 2024, while Oracle lost 74 sites and 17,232 beds during the same period, according to the report. For the first time, Oracle refused to share a list of new contracts with Klas, a health research foundation. Klas said he estimated Oracle's market share.
“Beyond the strictly technological considerations, Epic's reputation for the client association has led them to the vanguard of most EHR considerations,” the report said.
Oracle and Epic did not immediately respond to the request for comments from CNBC.
EHRs are digital versions of the medical history of a patient who are updated by doctors and nurses. The software is located in the center of the modern medical care system in the United States. Oracle became the second largest supplier behind the private epic in 2022 by acquiring the giant of CERNER medical records for approximately $ 28 billion.
Medical care organizations have cited “a bad association and a lack of monitoring of promises” as their main concerns with Oracle, Klas said. But there is a feeling of “cautious optimism” after some of the company's recent technological developments, including the new artificial intelligence characteristics and the new Oracle EHR announced in October.
Based on recent comments from the founder of Oracle, Larry Ellison, his company is in a favorable place.
Ellison spent a lot of time on the subject in the Fireside chats at the company's annual health summit of the company in March. And in Oracle's quarterly so -called investors in September, Ellison said that the EHR of his company is equipped with abilities of AI as transcription and distribution of orders that make it unique.
“Our user interface is very different from that of Epic,” he said.
In a blog post in May, Ken Glueck, an executive vice president of Oracle, was after the epic, calling the founder and CEO Judy Faulkner the “greatest biggest obstacle to the interoperability of EHR”, a term for how the different software systems exchange information.
But Oracle EHR software has been tarnished by rock interruptions and implementations in recent years.
Oracle engineers mistakenly caused a five -day software interruption in several community health systems hospitals that have just clarified this week. The facilities had to activate the inactivity time procedures and temporarily return to the records of paper patients.
“During the last decade, Epic has been the only provider chosen by the great health systems that make EHR decisions to move forward, which leads to its constant growth in market share,” said Klas's report.
LOOK: Oracle fails in quarterly results, the dividend increases by 25%
