The Importance of a Healthcare Data Room

Healthcare organizations are experiencing an shift towards an attitude of data-driven. This means that administrators and physicians need to be more diligent about collecting data from patients marketing departments need to build their programs around data insights, and patients should be informed to update their information. The industry also needs to be able to quickly access the right data to make the right decisions. That’s why it’s important to have a secure, secure healthcare data room.

A healthcare data warehouse (HDR) is a centralized repository that combines healthcare organizational information from different systems and process it for analytic querying and reporting. It also provides a common data model that which standardizes the use of health data and enhances the efficiency of operations. A healthcare DWH is typically made up of the staging area and the data storage layer, in addition to an analytics and BI tool.

The healthcare industry is extremely regulated, and compliance is key. A security breach or failure could be catastrophic for healthcare companies. Therefore, they must develop their HDR architectures based on the requirements of their specific business applications as well as their related Recovery Time Objectives and Recover Point Objectives. This includes implementing multi-tiered, geo-separated and redundant systems which can ensure high availability and data integrity in the event of an emergency or natural disaster.

Healthcare and life science businesses rely on virtual data rooms to safeguard sensitive, confidential information that could be shared with partners or clients. Virtual data rooms allow collaboration and make it easier to manage M&A clinical trials, M&A and intellectual property licensing, as well as biotech licensing. It is crucial to select a VDR provider that is HIPAA approved and certified under 21 CFR Part 11.

Biotechnology