Healthcare Software Company Epic Faces First Antitrust Suit For Alleged Monopoly Activity

Particle Health, a startup that helps retrieve and analyze medical records, has alleged Epic is a “monopolist” in the electronic health data market. But experts say it’s a hard case to win and there won’t be a “smoking gun.”Particle Health, a startup that helps retrieve and analyze medical records, has alleged Epic is a “monopolist” in the electronic health data market.t Epic System’s annual meeting in August, founder and CEO Judy Faulkner announced four new customers.

Epic, which generated $4.9 billion in revenue in 2023, is the dominant player in the hospital EHR market with its software used by 51.5% of the 890,000 hospital beds in the U.S., according to the health IT consultancy KLAS; it was the only EHR vendor to “achieve a net increase in market share” in 2023. The next closest competitor Oracle, through its acquisition of Cerner, holds 23.8% of hospital beds and Meditech has 13.4%.

Particle is alleging violations of Section 2 of the antitrust doctrine known as the Sherman Act. Richman said it’s similar to the lawsuit the Department of Justice brought against Microsoft in the 1990s, saying it was using its monopoly power in operating systems to quash the nascent market of internet browsers.here are no hard and fast rules for what percentage of market control constitutes a monopoly. These types of cases are “hard to win,” said Richman.

Each time Particle’s customers want to turn the faucet “on” from a particular hospital or doctor’s office, it needs to submit confirmation that the purpose of the data exchange is related to treating a patient. Particle started working with health insurance customers who are both healthcare providers and payers, so it was able to receive the patient data under the “treatment” rules.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Ken Paxton settles with healthcare tech company over Generative AI softwareAUSTIN - Attorney General Ken Paxton has announced a settlement in a first-of-its-kind investigation into AI in Healthcare.On Wednesday, the Attorney General’s
Fuente: News4SA - 🏆 251. / 63 Leer más »

Ohio healthcare company recruiting people with autoimmune conditions for innovative studyOhio healthcare company recruiting people with autoimmune conditions for innovative study
Fuente: FoxNews - 🏆 9. / 87 Leer más »

7-Eleven’s parent company rejects $38.6 billion takeover bid, says offer ‘grossly undervalues’ companySeven & i Holdings has rejected a takeover offer from Canadian convenience store operator Alimentation Couche-Tard, saying it “is not in the best interest” of its shareholders and stakeholders.
Fuente: NBCNewsHealth - 🏆 707. / 51 Leer más »

7-Eleven's parent company rejects takeover proposal, says offer ‘grossly undervalues' companyEven if the offer was raised “very significantly,” Seven & i said the bid does not consider the “multiple and significant…
Fuente: NBCNewYork - 🏆 270. / 63 Leer más »

Campbell Soup Company is changing its name after 155 yearsCampbell's Soup Company will now be known as The Campbell's Company.
Fuente: clevelanddotcom - 🏆 301. / 63 Leer más »

White House Announces New Rules Requiring Insurance Companies to *Actually* Cover Mental HealthcareThe Biden-Harris administration says mental healthcare is healthcare, and now insurance companies have to get on board.
Fuente: iamwellandgood - 🏆 462. / 53 Leer más »