The Rise of Epic and Everybody Else

▤ Summary

A new analysis of data gathered by the Madison Region Economic Partnership (MadREP) found that there are at least 43 healthtech companies in Dane County employing around 10,000 people.Xconomy supplemented MadREP’s research with additional information and used it all to create a detailed list (see bottom of this story) and a map of the area’s healthtech companies that can be viewed by clicking here.Those aren’t huge numbers, but they’re encouraging to observers like Michael Gay, MadREP’s senior vice president of economic development, who has closely watched the local healthtech cluster pick up steam in recent years.Epic, despite being the proverbial matriarch of Madison healthtech, has experienced its most explosive growth in the past several years as it has capitalized on the federally subsidized shift from paper to digitized medical records.It’s worth mentioning that neither Shrago nor Gay could recall any large healthcare IT companies that have abandoned Madison for greener pastures in other states—a problem that has at times stunted the growth of other industries in Wisconsin, such as biotech and some types of software.

▦ Linked Companies

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$1M to $5M