The Importance of a Healthcare Data Room
Healthcare organizations are moving towards a more data-driven approach. This means that administrators and physicians 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. In addition, the business should be able quickly identify the right data to make the right decisions. This is why it’s vital to have a strong, secure healthcare data room.
A healthcare data repository (HDR) collects information from various healthcare systems and uses them for analytical queries and reporting. It also offers an unifying data model that which standardizes the use of healthcare data, and enhances efficiency in operations. A healthcare DWH typically consists of an area for staging and a data storage layer, and an analytics and BI tool.
The healthcare industry is highly controlled, and compliance is crucial. The risk of a security breach or failure could be catastrophic for healthcare companies. They should therefore develop their HDR Architectures according to their specific requirements for business applications as well as their Recovery Time Objectives and Recovery Point Goals. This means implementing multi-tiered, geo-separated and redundant systems that provide high availability and data integrity in the case of an disaster or emergency.
Virtual data rooms are utilized 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 streamline M&A activities clinical trials intellectual property licensing, and biotech licensing. To protect confidential health information it is crucial to select a HIPAA-compliant and 21 CFR Part 11 validated VDR provider.