The Importance of a Healthcare Data Room

Healthcare organizations are undergoing a shift towards a data-driven mentality. This means that physicians and administrators should be more attentive about gathering patient data marketing departments need to base their plans on data insights, and patients should be informed to update their information. Additionally, the healthcare industry needs to be able to quickly discover the right information to make the right decisions. It is essential to have a robust and secure healthcare data room.

A healthcare data warehouse (HDR) is a central repository that consolidates healthcare organizational data from various systems and then processes it for analysis and reporting. It also provides a standard data model and standardizes the use of data from healthcare throughout an organization. A healthcare DWH is usually comprised of a staging area and data storage layer, as well as an analytics and BI tool.

The healthcare industry is heavily controlled, and compliance is essential. A security breach or failure could be devastating for healthcare companies. Therefore, they should design their HDR architectures based on the requirements of their specific business applications as well as their derived Recovery Time Objectives and Recover Point Objectives. This includes the implementation of redundant, multi-tiered and geographically separate systems that offer high levels of data integrity and availability in the situation of a disaster emergency.

Healthcare and life science companies rely on virtual data rooms to handle sensitive, proprietary information which can be shared with clients or partners. Virtual data rooms enable collaboration and speed up M&A activities including clinical trials intellectual property licensing, and biotech licensing. To protect confidential information pertaining to healthcare it is vital to select a HIPAA compliant and 21 CFR Part 11 verified VDR provider.

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