The Importance of a Healthcare Data Room

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Healthcare organizations are undergoing the shift to a data-driven mindset. This means that administrators and physicians need to be more diligent in collecting patient information, marketing departments must base their programs on data insights, and patients should be encouraged to update their records. In addition, the business must be able to quickly find the right insights 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 consolidates healthcare organizational data from multiple systems and process it for analysis and reporting. It also offers a common data model, which standardizes the use of health data and enhances efficiency of operations. A healthcare DWH typically comprises an area for staging, a data storage layer and an analytics and BI platform.

Healthcare is a highly regulated, compliance-driven business environment. The threat of a security breach or failure can be devastating for healthcare institutions. They need to design their HDR Architectures based on 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 offer high data integrity and accessibility in the event of a catastrophe or emergency.

Healthcare and life science businesses rely on virtual data rooms to safeguard sensitive, proprietary data which can be shared with partners or clients. Virtual data rooms permit collaboration and simplify M&A activities, clinical trials, intellectual property licensing and biotech licensing. To ensure the security of confidential health information it is vital to choose a HIPAA-compliant and 21 CFR Part 11 validated VDR service.