Madison, Wisconsin Creates Major Medical Cluster
Excerpted from Business Xpansion Journal
By Mark Kleszczewski
Home to a host of health care IT companies like Epic, a medical software developer with annual revenue estimated at $1.5 billion, Madison, Wis., is quickly becoming one of the leading medical clusters in the nation. According to the 2014 Battelle/BIO report, when it comes to specialized employment concentration in bioscience, Madison ranks in the top 9 out of the 381 metro areas in the United States, and fourth in the nation in job concentration in the drug and pharmaceuticals subsector. It also ranked eighth nationwide in job concentration in medical devices and equipment, employing close to 2,000 people in the region.
Epic alone employs more than 6,800 people in the Madison area and has spawned many health IT startups led by company veterans. One major factor behind the success of Madison’s medical cluster is the resources available through the University of Wisconsin-Madison — one of the top research-based universities in the nation.
