The Importance of a Healthcare Data Room

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Healthcare organizations are moving towards a more data-driven approach. This means that physicians and administrators must be more vigilant in collecting patient information marketing departments have to base their programs on data insights, and patients should be prompted to update their information. In addition, the business should be able quickly identify the right data to make strategic decisions. It’s crucial to have a robust and secure healthcare data room.

A health data warehouse (HDR) is a centralized repository that collects healthcare-related organizational data from various systems and uses it for data analysis and reporting. It also offers a common data model, making it easier for organizations to use healthcare data and improves the efficiency of operations. A healthcare DWH typically consists of an area of staging, a data storage layer and an analytics and BI platform.

The healthcare industry is highly regulated and compliance-driven business environment. The risk of a security breach or failure could be devastating for healthcare institutions. They must therefore design their HDR Architectures in accordance with their specific business application requirements and their Recovery Time Objectives and Recovery Point Objectives. This includes implementing redundant, multi-tiered and geographically separate systems that provide high data integrity and reliability in the event of a disaster or emergency.

Virtual data rooms are used by healthcare and life science organizations to manage sensitive proprietary data that can be shared with clients or partners. Virtual data rooms facilitate collaboration and speed up M&A, clinical trials and intellectual property licensing as well as biotech licensing. To ensure the security of healthcare-related confidential data it is vital to choose a HIPAA-compliant 21 CFR Part 11 validated VDR provider.

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