Epic Systems was the only electronic health record vendor to increase its market share in 2023, according to a new report.
The Verona, Wisconsin-based company added beds and customers, increasing its total market share to 39% of acute care hospitals and 52% of acute care beds, according to a new report from market research firm KLAS. In 2022, Epic had 36% of acute care hospitals and 48% of acute care beds.
Related: How Epic took over the hospital EHR market
Epic grew its roster by 45 organizations and 153 hospitals last year. The gains came at the expense of other vendors in the space.
EHR vendor Oracle Health, which recently announced it would move its global headquarters to Nashville, Tennessee, as part of its increasing healthcare focus, lost 71 hospitals and 24 organizations. As a result, the company lost than 15,000 acute care multispecialty beds. Oracle's total market market share dipped to 24% of acute care beds and 23% of acute care hospitals, according to the report.
The company acquired Cerner in June 2022 for $28.4 billion. Since then, the combined Oracle/Cerner has faced a delay with its massive EHR project for the Veterans Affairs Department, renegotiated its contract at the VA's request from a five-year deal to five one-year deals, and laid off employees last June.
An Oracle spokesperson did not immediately respond to a request for comment on the report.
Oracle CEO Safra Catz called its Cerner business a “significant headwind” during a recent earnings call and said the company was working to bring the unit's profitability up to Oracle standards.
Meditech, a Canton, Massachusetts-based EHR vendor, lost 12 hospitals and 23 organizations, amounting to a loss of nearly 5,000 acute care multispecialty beds. According to the report, the company held 16% of acute care hospitals and 13% of beds.
Meditech Chief Operating Officer Helen Waters recently spoke to Modern Healthcare about how the company views artificial intelligence, interoperability and competition with other EHR vendors.
"No vendor has solved the problems of the universe," Waters said. "The conjecture that one has done that, and does it substantively better than another, I think is somewhat of a folklore narrative that’s been fed by many aspects of the industry."
