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The Importance of a Healthcare Data Room

biotech virtual data room

Healthcare organizations are undergoing the shift to a data-driven mindset. This means that physicians and administrators need to be more diligent in collecting patient information marketing departments have to base their strategies on data insights and patients should be asked to update their data. The industry also needs to be able quickly to find the right information to make the right decisions. This is why it’s crucial to have a strong and secure data room for healthcare.

A health data repository (HDR) consolidates data from disparate healthcare systems and then processes the data for analytical queries and reporting. It also provides a standard data model and standardizes the use of data from healthcare across an organization. A healthcare DWH is typically made up of an area for staging and a data storage layer, in addition to an analytics and BI tool.

Healthcare is a highly controlled and compliance-driven business environment. A security breach or failure could be devastating for healthcare organisations. Therefore, they must develop their HDR structures that are based on the needs of their specific business applications as well as their related Recovery Time Objectives and Recover Point Objectives. This means implementing multi-tiered, redundant and geographically isolated systems that offer high availability and data security in the event of an catastrophe or emergency.

Virtual data rooms are used by life science and healthcare organizations to manage sensitive proprietary data that can be shared with partners or clients. Virtual data rooms allow collaboration and speed up M&A clinical trials, M&A and intellectual property licensing and biotech licensing. To protect confidential health information it is crucial to choose a HIPAA-compliant and 21 CFR Part 11 validated VDR provider.

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