The Importance of a Healthcare Data Room

Healthcare organizations are shifting towards a more data-driven approach. Marketing departments should base their programs on data-driven insights and patients must be regularly reminded to update their information. The healthcare industry must be able quickly to find the relevant information to make strategic decision. This is why it’s crucial to have a strong and secure data room for healthcare.

A health data warehouse (HDR) is a https://iccabs.org/uniting-healthcare-and-life-sciences-virtual-data-rooms/ central repository that consolidates healthcare organizational data from various systems and uses it for analysis and reporting. It also provides a standard data model and standardizes the use of data from healthcare across an organization. A healthcare DWH is usually comprised of an area of staging and a data storage layer, in addition to an analytics and BI tool.

The healthcare industry is a highly regulated and compliance-driven business environment. A security breach or failure could be catastrophic for healthcare organisations. Therefore, they must develop their HDR architectures based on the requirements of their specific business applications as well as their determined Recovery Time Objectives and Recover Point Objectives. This means installing redundant, multi-tiered and geographically separate systems that offer high data integrity and accessibility in the event of a catastrophe or emergency.

Life science and healthcare organizations rely on virtual data rooms to safeguard sensitive, proprietary information which can be shared with partners or clients. Virtual data rooms allow collaboration and streamline M&A clinical trials, M&A and intellectual property licensing as well as biotech licensing. It is essential to select a VDR provider that is HIPAA certified and regulated under 21 CFR Part 11.