Information Governance is, at its simplest, the ongoing management strategy for information at an organization. As basic as that sounds, effective data management incorporates the integration of data analytics, cybersecurity, privacy/compliance regulations, and physical/digital records management. Ultimately, information governance is about implementing standardized procedures alongside technology to maximize the effective use of information while simultaneously reducing the risk and cost associated with managing it. 

Information governance considers every part of the data lifecycle including the collection, organization, use, and security of data. There are many technologies that support an information governance strategy, but one of the most important is an organization-wide application that employees can use to access data efficiently and securely. Controlling the flow of data across your organization is vital in keeping it secure and making it accessible. In addition to a secure repository and electronic document management system, implementing clear records handling procedures keeps everything running smoothly.

“Why is Information Governance important?”

Developing a good information governance strategy can be a heavy lift for many companies, but its value cannot be overstated. The healthcare industry provides a great case study for the importance of information management. Healthcare professionals must follow HIPAA regulations and having a good information governance system in place makes compliance with those regulations easier. This includes making sure that patient information is securely stored, only accessible to authorized employees, and easily recalled in the event of an emergency. When healthcare information management (HIM) is done well it directly affects patient outcomes ensuring that care providers can make more informed diagnoses and that billing is accurate and claims processing proceeds efficiently. 

Information Governance benefits aren’t exclusive to the Healthcare Industry. Business data is a valuable, money-generating asset and companies are quickly realizing that information governance is a key part of leveraging that potential.