Freed Associates

Data Governance: Can Healthcare Organizations Afford Not to Govern Their Data?

TOPIC: Data Leading Practices, Information Technology, Population Health

Data is a critical asset for healthcare organizations. It informs clinical and business processes, is vital to strategic decisions, and drives financial results. In order to manage the availability, usability, quality, integrity, and security of the organization’s data assets efficiently, organizations need to consider the resources already being allocated to activities that may readily be addressed by data governance.

Consider how much time, energy, and funding healthcare businesses are spending on common data issues such as quality, security, compliance, and documentation, and consider how much could be saved by implementing a data governance program. Healthcare businesses ask whether they can afford to take on data governance; the better question is whether they can afford not to.