The Importance of a Healthcare Data Room

16 Sep The Importance of a Healthcare Data Room

Healthcare organizations are moving towards a data-driven mentality. Marketing departments must base their plans on data-driven information, and patients need to be reminded to update their data. The industry also needs to be able quickly to find the right insights in order to make a strategic decision. It is essential to have an effective and secure healthcare data room.

A repository for healthcare data (HDR) collects data from disparate healthcare systems and process them for analytical queries and reporting. It also provides a common data model and standardizes the use of healthcare data across an organization. A healthcare DWH typically consists of an area for staging, a storage layer for data as well as an analytics and BI platform.

Healthcare is a highly regulated, compliance-driven business environment. The risk of a security breach or failure could be devastating for healthcare institutions. They should therefore develop their HDR Architectures in accordance with their specific business application requirements and their Recovery Time Objectives and Recovery Point Goals. This means creating redundant, multi-tiered, and geographically separate systems that can provide high data integrity and availability in the case of a disaster or emergency.

Virtual data rooms are used by healthcare and life science companies to manage confidential proprietary information that can be shared with partners or clients. Virtual data rooms permit collaboration and help streamline M&A activities healthcare virtual data room such as clinical trials intellectual property licensing, and biotech licensing. To ensure the security of healthcare-related confidential data it is essential to choose a HIPAA-compliant 21 CFR Part 11 validated VDR service.