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The Importance of a Healthcare Data Room

Healthcare organizations are undergoing an shift towards a data-driven mentality. Marketing departments need to base their strategies on data-driven insights and patients must be reminded to update their records. The industry also needs to be able to quickly find the relevant information to make a strategic decision. It is crucial to establish an efficient and secure healthcare data room.

A health data warehouse (HDR) is a centralized repository that combines healthcare organizational data from various systems and process it for analysis and reporting. It also provides a standard data model and standardizes the use of healthcare data across the organization. A healthcare DWH typically comprises a staging area, storage layer for data, and an analytics and BI platform.

The healthcare industry is highly controlled and compliance is key. The risk of a security breach or failure can be catastrophic for healthcare organizations. They need to design their HDR Architectures based on their specific business application requirements and their Recovery Time Objectives and Recovery Point Goals. This means the implementation of redundant, multi-tiered and geographically distinct systems that provide high levels of data integrity and availability in the situation of a disaster emergency.

Virtual data rooms are used by healthcare and life science companies to manage confidential proprietary data that can be shared with clients or partners. Virtual data rooms allow collaboration and streamline M&A clinical trials, M&A, intellectual property licensing, and biotech licensing. To ensure the security of sensitive data related to healthcare it is vital to select a HIPAA-compliant and 21 CFR Part 11 certified VDR service.

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