With the rapid advances in healthcare technology, the movement to electronic health records, and the relentless accumulation of regulatory requirements, the shift from records management to information governance is increasingly becoming a necessary reality.
In a 2012 CGOC (Compliance, Governance and Oversight Counsel) Summit survey, it was found that on the average 1% of an organization’s data is subject to legal hold, 5% falls under regulatory retention requirements and 25% has business value. This means that 69% of an organization’s ESI is not needed and could be disposed of without impact to the organization. I would argue that for the healthcare industry, especially for covered entities with medical record stewardship, those retention percentages are somewhat higher, especially the regulatory retention requirements.
According to an April 9, 2013 article on ZDNet.com, by 2015, 80% of new healthcare information will be composed of unstructured information; information that’s much harder to classify and…
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