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March 7, 2024
Competitive Or Exclusionary? Epic’s Seven Business Practices That Raise Questions
Summary
Seth Joseph examines the controversial business practices of Epic Systems, a leading electronic health record (EHR) system provider, in his article for Forbes. He discusses how Epic's dominant market stance could potentially stifle healthcare innovation through various strategies, including limiting market visibility for competitors, imposing high third-party developer costs, and enforcing restrictive non-compete agreements. Joseph's analysis is based on conversations with industry insiders, highlighting concerns about Epic's approach to maintaining its market position, possibly at the expense of a more open and competitive landscape for healthcare technology innovation. The article raises questions about whether Epic's practices are merely competitive or cross the line into exclusionary, prompting a broader debate on the implications for the future of healthcare innovation.
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