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)