The Importance of a Healthcare Data Room

Healthcare organizations are moving towards a data driven mentality. This means that read doctors and administrators need to be more diligent in collecting patient information marketing departments have to base their strategies on data-driven insights and patients need to be prompted to update their information. Additionally, the industry needs to be able to quickly gather the right information to make the right decisions. This is why it’s essential to have a robust secured, secure data room for healthcare.

A health data warehouse (HDR) is a centralized repository that combines healthcare organizational data from multiple systems and process it for data analysis and reporting. It also provides a standard data model and standardizes the use of data from healthcare across the organization. A healthcare DWH is usually composed of the staging area and the data storage layer, in addition to an analytics and BI tool.

The healthcare industry is heavily controlled, and compliance is key. A security breach or failure could be devastating for healthcare organisations. They need to design their HDR Architectures in accordance with their particular business application requirements and their Recovery Time Objectives and Recovery Point Objectives. This means implementing multi-tiered, redundant and geographically separated systems that offer high availability and data security in the event of an disaster or emergency.

Healthcare and life science businesses rely on virtual data rooms to safeguard sensitive, confidential information which can be shared with partners or clients. Virtual data rooms enable collaboration and speed up M&A activities such as clinical trials intellectual property licensing, as well as biotech licensing. It is important to select a VDR provider that is HIPAA approved and certified under 21 CFR Part 11.

Leave a Reply

Your email address will not be published. Required fields are marked *