The Importance of a Healthcare Data Room

Healthcare organizations are experiencing the shift to an attitude of data-driven. This means that doctors and administrators have to be more meticulous about collecting data from patients, marketing departments must base their strategies on data insights and patients should be informed to update their information. The healthcare industry must be able quickly to find the relevant information to make informed decisions. It is essential to have an adequate and secure health data room.

A healthcare data warehouse (HDR) is a centralized repository that collects healthcare-related organizational data from various systems and process it for analysis and reporting. It also provides an identical data model, uniformly utilizing healthcare data and improves operational efficiency. 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 an attack on security or failure can be devastating for healthcare institutions. They should therefore develop their HDR Architectures in accordance with their particular requirements for business applications as well as their Recovery Time Objectives and Recovery Point Objectives. This includes implementing multi-tiered, redundant and geographically isolated systems that offer high availability and data integrity in the event an emergency or disaster.

Virtual data rooms are used by healthcare and life science organizations to manage sensitive proprietary information that is 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 sensitive data related to healthcare it is vital to choose a HIPAA-compliant and 21 CFR Part 11 verified VDR provider.

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