Master Data Management in Healthcare: 3 Approaches
Master data management is key for healthcare organizations looks to integrate different systems. The two types of master data are identity data and reference data. Master data management is the process of linking identity data and reference data. MDM is important for mergers and acquisitions and health information exchanges. The three approaches for MDM are: IT system consolidation, Upstream MDM implementation, and Downstream master data reconciliation in an enterprise data warehouse.