Data Asset Management
Challenge
The amount of critical data assets that organizations handle has increased exponentially and continues to explode through the “Internet of Things.”
Organizations are leveraging vast troves of data to reduce costs, improve efficiency, enhance quality and safety, improve population health, and generate value in the health care industry. Employers are also gathering more data from their employees as personal data, biometric data, performance management, and employee engagement inputs provide great opportunities to help organizations manage their workforces.
Protecting, sharing, and gaining commercial value from these data assets requires navigating a complex patchwork of state, federal, and international privacy and security laws and requirements. However, organizations struggle with developing appropriate data governance mechanisms to gain maximum data rights, generate maximum utility, and extract maximum value from their data assets.
Solution
EBG attorneys provide clients with a full range of services relating to data governance, including:
- Providing workforce management policies and training designed to protect organizations from the loss of proprietary, competitive business information.
- Counseling clients on business arrangements to offer profit sharing from intellectual property created due to participants’ samples and data.
- Advising on data governance issues, such as international, federal, and state laws and regulations concerning data privacy, security, and breaches.
- Counseling clients using data analytics on developing mechanisms to obtain appropriate data rights and safeguard all sensitive information they receive.
- Negotiating and drafting contracts with purchasers, payors, sponsors, providers, contract sites, data sources and recipients, and principal investigators.
- Reviewing vendor and contractor relationships and agreements for key protections.
- Assisting clients with responses to government audits/investigations or private litigation.
- Advising clients on FDA laws and clinical trials, Clinical Laboratory Improvement Amendments (CLIA) compliance, the Common Rule, and human subjects research clinical trials.
- Drafting Institutional Review Board protocols, patient releases, and informed consent forms.