https://iccabs.org/the-importance-of-a-data-room-for-biotech-firms/
Healthcare organizations are undergoing an shift towards a data-driven mindset. Marketing departments need to base their plans on data-driven insight and patients must be reminded to update their data. The industry also needs to be able quickly to find the relevant information to make the right decisions. This is why it’s vital to have a secure and secure data room for health records.
A health data warehouse (HDR) is a centralized repository that combines healthcare organizational data from multiple systems and processes it for analytic querying and reporting. It also provides a common data model and standardizes the use of data from healthcare throughout an organization. A healthcare DWH typically consists of an area of staging, a storage layer for data as well as an analytics and BI platform.
Healthcare is a highly regulated, compliance-driven business environment. A security breach or failure could be devastating for healthcare organizations. Therefore, they need to design their HDR structures in accordance with the requirements of their specific business applications and their developed Recovery Time Objectives and Recover Point Objectives. This includes implementing redundant, multi-tiered and geographically separated systems that provide high data integrity and availability in the case of a disaster or emergency.
Virtual data rooms are utilized by healthcare and life science companies to manage confidential proprietary information that is shared with partners or clients. Virtual data rooms allow collaboration and streamline M&A clinical trials, M&A, intellectual property licensing as well as biotech licensing. It is important to select a VDR provider that is HIPAA certified and regulated under 21 CFR Part 11.
