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The Importance of a Healthcare Data Room

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Healthcare organizations are undergoing a shift towards a data-driven mentality. Marketing departments must be based on data-driven information and patients should be regularly reminded to update their information. The industry also needs to be able to quickly identify the right information to make a strategic decision. It’s crucial to have a robust and secure healthcare data room.

A repository for healthcare data (HDR) collects data from different healthcare systems and process it for analysis queries and reporting. It also provides a standard data model and standardizes the use of healthcare data across the organization. A healthcare DWH typically consists of an area of staging, a storage layer for data and an analytics and BI platform.

The healthcare industry is extremely controlled, and compliance is crucial. A security breach or failure could be devastating for healthcare organizations. Therefore, they must develop their HDR architectures based on the requirements of their specific business applications and their derived Recovery Time Objectives and Recover Point Objectives. This means implementing multi-tiered redundant and geographically isolated systems which can ensure high availability and data integrity in the case of an disaster or emergency.

Healthcare and life science businesses rely on virtual data rooms to handle sensitive, proprietary information which can be shared with clients or partners. Virtual data rooms allow collaboration and help streamline M&A activities such as clinical trials as well as 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.