Insurers are progressing with governance programs, glossaries and metrics for a mix of financial and transactional data records. Fewer have moved onto comprehensively governing reference data in a cloud solution no less - as has Pennsylvania-based health insurer Independence Blue Cross.
“You need to manage reference data in a way that is simple and automated,” said James Denyer, Director Data Warehouse Development, Independence Blue Cross (IBC). When Denyer refers to reference data, he’s talking specifically about IBC’s hundreds of code data sets, including medical code sets, administrative code sets and master data reference data. The lists within the code sets range from simple to complex. The architecture also covers hierarchies of tables and crosswalk tables, which create a relationship to other code tables through translating external values to a single dialect.
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