The Importance of a Healthcare Data Room
by baraknew
Healthcare organizations are moving towards a data-driven mindset. This means that doctors and administrators must be more vigilant in collecting patient information marketing departments have to build their programs around data insights and patients should be asked to update their data. Additionally, the healthcare industry needs to be able to quickly gather the right information to make informed decisions. It is crucial to establish an effective and secure healthcare data room.
A healthcare data repository (HDR) collects data from different healthcare systems and processes the data for analytical queries and reporting. It also provides a common data model and standardizes the use of healthcare data across organizations. A healthcare DWH typically comprises an area for staging, storage layer for data, and an analytics and BI platform.
Healthcare is a highly controlled and compliance-driven business environment. The risk of a security breach or failure could be devastating for healthcare institutions. Therefore, they must design their HDR Architectures in accordance with their specific business application requirements and their Recovery Time Objectives and Recovery Point Objectives. This includes implementing multi-tiered, redundant and geographically isolated systems that can provide high availability and data integrity in the event an disaster or emergency.
Virtual data rooms are utilized by healthcare and life science organizations to manage sensitive biotechnology definition private information that can be shared with partners or clients. Virtual data rooms facilitate collaboration and speed up M&A clinical trials, M&A, intellectual property licensing as well as biotech licensing. It is important to choose a VDR provider that is HIPAA compliant and validated under 21 CFR Part 11.