Healthcare organizations are moving towards a more data-driven approach. This means that doctors and administrators need to be more diligent about gathering patient data marketing departments have to build their programs around data insights, and patients should be informed to update their information. In addition, the industry should be able quickly identify the right data to make strategic decisions. That’s why it’s important to have a reliable and secure data room for healthcare.
A health data warehouse (HDR) is a centralized repository that combines healthcare organizational information from different systems and then processes it for analysis and reporting. It also offers a common data model that which standardizes the use of healthcare data, and enhances efficiency in operations. A healthcare DWH typically comprises an area of staging, a storage layer for data as well as an analytics and BI platform.
Healthcare is highly controlled and compliance is key. The risk of a security breach or failure could be devastating for healthcare institutions. Therefore, they must design their HDR Architectures in accordance with their particular business requirements as well as their Recovery Time Objectives and Recovery Point Objectives. This means creating redundant, multi-tiered, and geographically separated systems that provide high data integrity and accessibility in the event of a disaster or emergency.
Healthcare and life science businesses rely on virtual data rooms to safeguard sensitive, proprietary data that could be shared with healthcare virtual data room clients or partners. Virtual data rooms facilitate collaboration and speed up M&A activities, clinical trials, intellectual property licensing and biotech licensing. It is essential to select a VDR provider that is HIPAA certified and regulated under 21 CFR Part 11.