Healthcare organizations are moving towards a data driven mentality. This means that administrators and physicians must be more vigilant about gathering patient data marketing departments have to base their plans on data-driven insights and patients need to be informed to update their information. The industry also needs to be able quickly to find the right data to make informed decisions. This is why it’s essential to have a robust and secure data room for healthcare.
A repository for healthcare data (HDR) consolidates data from different healthcare systems and processes the data for analytical queries and reporting. It also offers a common data model that standardizes org-wide use of health data and enhances operational efficiency. A healthcare DWH is usually comprised of an area of staging and a data storage layer, and an analytics and BI tool.
The healthcare industry is extremely controlled and compliance is key. A security breach or failure could be devastating for healthcare organizations. Therefore, they need to design their HDR architectures according to the requirements of their specific business applications as well as their related Recovery Time Objectives and Recover Point Objectives. This includes implementing multi-tiered redundant and geographically separated systems which can ensure high availability and data integrity in the case of an catastrophe or emergency.
Virtual data rooms are utilized by healthcare and life science companies to manage confidential proprietary data that can be shared with clients or partners. Virtual data rooms facilitate collaboration and make it easier to manage M&A clinical trials, M&A and intellectual property licensing and biotech licensing. To protect confidential information pertaining to healthcare, it is essential to select a HIPAA-compliant and 21 CFR Part 11 verified VDR provider.