MASTER DATA MANAGEMENT

standardization rules

Uniformity of rules and procedures, as in driving or rules of the road

false negative

When a system incorrectly rejects an action instead of accepting it.

probability level

a predetermined value at which researchers test their data for statistical significance

Master Data

a set of core data (e.g., customer, product, employee, vendor, geographic location, etc.) that span the enterprise information systems.

System of Record

a system or application component that maintains the current and correct master copy of one or more data items

location master data

data regarding the whereabouts of customers, suppliers (postal codes, gps coordinates, sales territories)

Data Cleansing

detects and corrects incorrect, incomplete, improperly formatted, and redundant data

probabilistic matching

determining false positives and false negatives

consolidated implementation

each database provides its master data into a single, managed data store

false positive

error of recognition in which people think that they recognize some stimulus that is not actually in memory

deterministic matching

exact match logic

Transaction Data

generated and captured by operational systems, describe the business's activities, or transactions

record qualification attributes

help pinpoint which identification rules should apply to a record

master entities

key entities upon which almost all other entities are related to or dependent upon

transaction hub implementation

master data are physically stored in the MDM hub

overlap

more than one unique identifier for a patient, provider or vendor in the multiple systems

Duplicate Records

often occurs when health care facilities merge, crucial to establish merger plan, equally important to audit the MPI, to prevent duplicate patient medical record numbers and patient entries

registry data hub

points to the location of the master data attributes in source systems

coexistence implementation

stores some master data with the ability to reference data in other source systems (not consolidated)

master data management (MDM)

the practice of gathering data and ensuring that it is uniform, accurate, consistent, and complete, including such entities as customers, suppliers, products, sales, employees, and other critical entities that are commonly integrated across organizational systems

data profiling

the process of collecting statistics and information about data in an existing source

reference data

used by the organization to classify or categorize other data and are frequently represented by codes or acronyms

discriminating attributes

used to disqualify two or more records

product master data

data about product versions, pricing, and discount terms

threshold

aka range or baseline that helps determine which records match or not

Identity Attributes

characteristics that can identify people, parts, products, organizations, etc. (full name, ssn, phone number)

financial master data

data about business units, costs centers, and accounts

party data

data about individuals or organizations (employee, patients, providers, companies, vendors)