The Importance of a Healthcare Data Room

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Healthcare organizations are experiencing a shift towards a data-driven mentality. This means that administrators and physicians have to be more meticulous about gathering patient data marketing departments should base their strategies on data-driven insights and patients need to be informed to update their information. Additionally, the healthcare industry should be able quickly gather the right information to make informed decisions. This is why it’s essential to have a strong secured, secure data room for healthcare.

A health data warehouse (HDR) is a centralized repository that combines healthcare organizational information from different systems and process it for analysis and reporting. It also provides a common data model and standardizes the use of healthcare data across an organization. A healthcare DWH is usually comprised of a staging area and data storage layer, as well as an analytics and BI tool.

The healthcare industry is highly controlled, and compliance is essential. A security breach or failure could be devastating for healthcare organisations. They should therefore develop their HDR Architectures based on their specific requirements for their business applications and their Recovery Time Objectives and Recovery Point Objectives. This includes installing redundant, multi-tiered and geographically distinct systems that provide high data integrity and accessibility in the case of a disaster or emergency.

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