The Quantum Group Announces Resource Reallocation to Advance PWeR(TM) Platform
25 Marzo 2009 - 5:00AM
PR Newswire (US)
WELLINGTON, Fla., March 25 /PRNewswire-FirstCall/ -- The Quantum
Group, Inc. (NYSE Amex: QGP) (http://www.quantummd.com/) announced
it has implemented a reallocation of people and resources from
other Company operations to advance the PWeR(TM) (pronounced POWER)
platform. As Quantum continues to set the foundation for the
explosive growth potential the Company expects for the PWeR
platform, it has shifted its structure to allow for this growth.
PWeR (Personal Wellness electronic Record) is the healthcare
information technology platform developed and deployed by the
Company. PWeR meets and exceeds the guidelines set forth from
Washington to implement electronic health records, and the platform
is currently being utilized by more than 75 providers since the
Fall of 2008. The most significant aspect of the reallocation was a
tactical move to create a very experienced and well-trained PWeR
sales team with established provider relationships. There have been
early indications of eager acceptance of PWeR from the industry. To
achieve this objective, several Provider Specialists from Quantum
subsidiary company Renaissance Health Systems have been
transitioned to PWeR Team Specialists. "The implementation of
technology to address the lack of interconnectivity and
communication in the healthcare industry has been a principle
mission of our Company since inception. PWeR is patient-centric and
combines all of the features and applications needed by payers,
healthcare providers and hospitals into one dynamic system," said
Noel J. Guillama President of The Quantum Group. He further
commented, "PWeR is an IBM hosted solution that is web-based and
designed to address the privacy, security and scalability necessary
for national and global deployment. PWeR is low cost, easy to
implement and offers a 360 degree view of a patient record. The
industry is beginning to transform as a result of a federal mandate
to reduce costs, increase efficiencies and improve the quality of
patient care. We are excited by the possibilities ahead with PWeR."
The Stimulus Package (American Recovery and Reinvestment Act of
2009) has designated $19.2 billion to promote and expand the use of
technology in the U.S. healthcare industry to improve the quality
of patient care and reduce costs. Ronald S. Smith, Senior Vice
President and Chief Development Officer, has been charged with
leading the new team of PWeR Specialists. Smith commented, "The new
PWeR Team Specialists have personally established relationships
with many of the 2,000 plus providers currently affiliated with
Renaissance. They will now be able to expand their reach into
larger geographical areas as they work hand in hand with their
Renaissance Provider Specialist counterparts and co-market the
Renaissance opportunity. This is a natural progression that we
believe will yield great results for both Renaissance and PWeR. We
have also adjusted support personnel at every level of the
organization to provide the support services that PWeR will require
for an effective industry deployment." Guillama held a conference
with employees of The Quantum Group to explain the reallocation and
to elaborate on the business plans for PWeR. He noted that the
Quantum team is comprised of the most talented, dedicated and
innovative people he has had the pleasure of working alongside.
Guillama noted that the Company-wide efforts used to establish
Renaissance have provided the footprint for the new emphasis on
PWeR. "Renaissance is performing as it was designed to do and has
formed the foundation of our Company. Now we are continuing to
build as we turn our emphasis toward establishing PWeR. We expect
Renaissance to continue growing and serving the approximately 2,000
affiliated providers and multiple payers we have contracted." The
Company expects to provide financial projections on potential sales
and expansion in the coming months as preliminary results are
accessed. About The Quantum Group, Inc. The Quantum Group is an
innovation-driven Healthcare Services Organization (HSO) that
provides business process solutions, service chain management,
strategic consulting and leading edge technology to the healthcare
industry. Quantum has developed and deployed PWeR(TM), a
cutting-edge, patent-pending healthcare technology platform that
has been designed to bridge the gaps of communication and exchange
of patient information throughout the healthcare industry. PWeR can
integrate all of the functions a physician/provider, hospital,
clinic and related professionals utilize in one patient-centric,
web-based platform and falls well within the economic incentives
offered by the new $19 billion Stimulus Package for healthcare
information technology. We believe we are positioned to be a
catalyst for change as we take aim at the $700 billion inefficiency
gap in the United States healthcare industry. About PWeR (Personal
Wellness electronic Record) For more information visit
http://www.mypwer.com/. 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, SB-2, S-1 and 8-K filings (and amendments thereto)
that may cause actual results to materially differ from
projections. Forward-looking statements can be identified by the
use of words such as "expects," "plans," "will," "may,"
"anticipates," "believes," "should," "intends," "estimates" "could"
and other words of similar meaning. These statements are subject to
risks and uncertainties that cannot be predicted or quantified and,
consequently, actual results may differ materially from those
expressed or implied by these forward-looking statements. Such risk
factors include, without limitation, the ability of the Company to
properly execute its business model, to raise substantial and
immediate additional capital to implement its business model, to
continue revenue growth trend in fiscal year 2009, to control
patient medical cost relative to income received, to attract and
retain executive, management and operational personnel, to continue
growing its patient base, to negotiate favorable current debt and
future capital raises, to negotiate favorable agreements with a
diversified provider base and to continue to supply the services
needed by its HMO clients as well as physician clients. We have
further risk in the deployment of our technology platform, the
utilization by our clients, technical and software setbacks, cost
of development, as well as the capital to deploy it. We are subject
further to interruptions of service. Company does not undertake any
obligation to publicly update any forward-looking statements. As a
result, investors should not place undue reliance on these
forward-looking statements. FOR MORE INFORMATION, PLEASE CONTACT:
Red Chip Companies Dave Gentry: 407-644-4256 or PR Financial
Marketing Jim Blackman: 713-256-0369 or The Quantum Group, Inc.
Danielle Amodio: 561.798.9800 DATASOURCE: The Quantum Group, Inc.
CONTACT: Red Chip Companies, Dave Gentry, +1-407-644-4256, ; or PR
Financial Marketing, Jim Blackman, +1-713-256-0369, ; or The
Quantum Group, Inc., Danielle Amodio, +1-561-798-9800, Web Site:
http://www.quantummd.com/
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