Governance Trends and Best Practices from ARMA Live! 2014

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Pharma and Health Care

Increased risks for highly regulated industries – like health care and pharmaceutical – have driven the need for stricter requirements and guidelines. Over the past several years, the FDA and NHS have put out guidelines and regulations to help health care and pharmaceutical companies assess their governance processes.

Attendees at the conference learned how information governance programs can provide safe and reliable ways for organizations to govern a variety of structured and unstructured data created by ICD-10, electronic health records (EHR), payment information, clinical trials and more.

One example was the NHS' issuance of its Information Governance Toolkit, a set of requirements that companies can evaluate themselves against, which includes assessment details such as identifying management structures and responsibilities and how to handle and govern confidential corporate and patient data in a secure environment.

Another example included the FDA's update to its Drug Supply Chain Security Act, which identifies and traces certain prescription drugs in the supply chain, as well as its update to the Unique Device Identification rule, which requires systems to "adequately identify medical devices through their distribution and use."

Recently, ARMA International held its 59th Annual Conference & Expo in San Diego, California, bringing together professionals in the records and information management industry with organizations interested in bolstering their information governance policies. In today's business environment, it's crucial that corporate documents are governed to ensure that organizations remain competitive and compliant. As the mountain of information grows, so does the burden to manage it and avoid the risks associated with mismanagement.

One of the major trends coming out of ARMA 2014 was the notion of transitioning from records management to information governance. The digital age has presented a host of new challenges with regards to managing electronic information, challenges that are not being addressed by the practices long used for physical records. The transition to information governance is necessary given that records management has its roots and practices based in managing physical files and papers, while information governance is centered on looking after and making decisions about an organization's information assets, throughout its entire lifecycle.

This slideshow features information governance trends and best practices from the industry's top players at this year's ARMA conference, as identified by Bassam Zarkout, CTO, RSD.


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