The Quantum Group Introduces Renaissance Hospitalist Program
21 Marzo 2007 - 8:35AM
PR Newswire (US)
WELLINGTON, Fla., March 21 /PRNewswire-FirstCall/ -- The Quantum
Group, Inc. (OTC:QTUM) (BULLETIN BOARD: QTUM)
(http://www.qtum.com/) announced today the formation of its newest
subsidiary company, Renaissance Hospital Associates, Inc. (RHA).
RHA was created to be a full service hospitalist group. Dedicated
to managing hospital admissions for primary care providers (PCPs)
and managed care organizations (MCOs) in South Florida, RHA
physicians will be responsible for the coordination of care during
the patient's hospital stay. Statistics show the use of a
Hospitalist program decreases the number of patient hospital days
by 54%, total hospital costs by 14%, and the 14 day re- admission
rate(1); however, communications between PCPs and Hospitals have
historically been a problem area. RHA's goal is to improve
communication between all the parties involved. Quantum President
& CEO Noel J. Guillama commented, "The Hospitalist service is a
key element in our comprehensive vision to provide continuous
clinical care of our patients. Integrating the PCPs, specialists,
hospitalists and hospital personnel with our case management system
will aid in providing the best communication and desired outcomes
for patients, while significantly reducing overall healthcare
costs." The new Quantum subsidiary will soon be implementing the
Quantum Electronic Health Record (EHR) to assist PCPs and
hospitalists with communicating the patient's current status. In
conjunction with the EHR, the Patient Care Management team of
Renaissance Health System of Florida (RHSFL) - - another Quantum
company -- will facilitate the accuracy of information within the
EHR and among all healthcare providers. The RHA method brings
communication full circle between hospitalists, PCPs and the
Patient Care Management team to fully coordinate the appropriate
care of PCP-admitted patients as well as patients admitted through
the emergency room. As a result, PCPs can focus on their daily
patient care and other office duties, with full confidence that
their admitted patients are taken care of by the hospitalist on
site. The National Provider Identifier (NPI) Number for RHA has
been recently received and the Company expects to begin operations
in the coming weeks. Further, the Company has opened a regional
business office in Miami through which it will facilitate RHA
operations. RHA is located at 8660 West Flagler Street, Miami, FL
33144. (1) CambridgeHealth Resources, Highlights of Hospitalists:
The Next Level, Learning from the Leaders, Implementation &
Improvement Strategies (March 1999) The Quantum Group, based in
Wellington, Florida, is one of Florida's largest community based
healthcare provider systems. In conjunction with its subsidiary
companies, Renaissance Health System of Florida, Inc. (RHS)
(http://www.rhsfl.com/) and QMed BILLING, Inc.
(http://www.qmedbilling.com/), Quantum provides administrative and
support services to the Florida Medicare Advantage managed care
industry as well as to the over burdened physicians of Florida.
Through our growing number of nearly 1,200 contracted physicians
and multiple managed care relationships in the state of Florida, we
are strategically positioned to bring increased and highly valued
efficiencies to the over $100 billion Florida healthcare industry.
According to an article published in the August 22, 2006 edition of
the New York Times (By Gina Kolata), "By 2030, predicts Robert W.
Fogel, a Nobel laureate at the University of Chicago Graduate
School of Business, about 25 percent of the G.D.P. will be spent on
health care, making it "the driving force in the economy," just as
railroads drove the economy at the start of the 20th century."
Certain statements contained in this news release, which are not
based on historical facts, are forward-looking statements as the
term is defined in the Private Securities Litigation Reform Act of
1995, and are subject to substantial uncertainties and risks in
part detailed in the respective Company's Securities and Exchange
Commission 10-KSB, 10-QSB, S-8 and 8-K filings, that may cause
actual results to materially differ from projections. Although the
company believes that its expectations are reasonable assumptions
within the bounds of its knowledge of its businesses, expectations,
representations and operations, there can be no assurance that
actual results will not differ materially from their expectations.
Important factors currently known to management that could cause
actual results to differ materially from those in forward-looking
statements include the company's ability to execute properly its
new business model, to raise substantial and immediate additional
capital to implement its continuing business model, the ability to
attract and retain personnel - including highly qualified
executives, management and operational personnel, ability to
negotiate favorable current debt and future capital raises, ability
to manage the care of its patients with reasonable medical loss
ration, ability to negotiate beneficial managed care agreements
with a diversified and expanding provider base, continue to supply
the services needed by the HMO clients as well as the growing list
of physician clients and the inherent risk associated with a
diversified business to achieve positive cash flow. In light of
these risks and uncertainties, there can be no assurance that the
forward-looking information contained in this press release will,
in fact, occur. Media Contact: Danielle Amodio Vice President,
Corporate Communications The Quantum Group, Inc. 561.798.9800
DATASOURCE: The Quantum Group, Inc. CONTACT: Danielle Amodio, Vice
President, Corporate Communications of The Quantum Group, Inc.,
+1-561-798-9800 Web site: http://www.qtum.com/
http://www.rhsfl.com/ http://www.qmedbilling.com/
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