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Healthcare providers, payers, HIE's, and others operate in a very complex ecosystem of new and every changing regulations, a high level of business and compliance risk, diverse competition, unique resourcing and operations challenges, and complex and emerging technologies. Perhaps more than any other industry, it is imperative that organizations institute and follow effective and efficient data governance and master data management (MDM) practices. Data - whether structured or unstructured - must be governed and managed to mitigate risk and empower information stakeholders.
Data Governance is the overall management of data availability, relevancy, usability, integrity and security in an enterprise. It helps organizations manage their information knowledge and answer questions, such as:
Data governance practices provide a holistic approach to managing, improving and leveraging information to help an enterprise's overall data management efficiency. Data governance solutions enable you to locate and retrieve information about data objects — their meaning, physical location, characteristics and usage. This helps improve productivity, while meeting regulatory and compliance requirements. Master Data Management (MDM) is a key enabler of Data Governance, information delivery strategy, and a comprehensive method to define and manage an organization’s critical data. It provides a single, trusted view of data across the enterprise, agile self-service access, analytical graph-based exploration, governance and a user-friendly dashboard. MDM solutions establish a single, trusted 360-degree view of data and enable users through self-service analytics to deliver insights. |
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