Quantum and Renaissance Health Systems Take Leadership Role in Advancement of Electronic Health Records in Florida
13 Abril 2009 - 6:00AM
PR Newswire (US)
WELLINGTON, Fla., April 13 /PRNewswire-FirstCall/ -- The Quantum
Group, Inc. (NYSE Amex: QGP) is taking a leadership role to advance
the use of electronic health records (EHR) in response to the less
than 20% adoption rate by U.S. physicians. The Company has decided
to fully subsidize the EHR module of PWeR(TM) to its 550
Renaissance-affiliated Primary Care Physicians in the state of
Florida if certain Medicare Advantage membership criteria are met.
The Company believes PWeR will improve the quality of patient care
and will drive greater efficiencies and cost reductions that will
ultimately create a significant return on investment. Studies have
shown that 17% of physicians have functioning digital systems for
patient records management. Pete Martinez, Quantum Senior Vice
President, Chief Technology & Innovations Officer commented,
"Transformation of the healthcare industry begins with the
physician - our primary customer. Primary Care Physicians are
charged with understanding a patient's overall health and
well-being and yet often we require them to 'fly blind' without
access to all the real-time information gathered by their
specialist peers, hospitals and other care providers. The ultimate
price is paid by the patient, as no one has the 360 degree view of
their overall health creating lower quality and wasting resources.
No one is empowered to be in charge. We believe PWeR changes that
dynamic as the government, payers and employers all seek the level
of connectivity and communication necessary for comprehensive,
quality patient care. Moreover, the patient is engaged to take a
proactive involvement in their own wellness." Renaissance Health
Systems (RHS) currently has approximately 2,000 providers and is
responsible for the coordination of care for more than 3,600
Medicare Advantage patients in the State of Florida. Martinez
added, "Industry change will be led by establishing the
connectivity our Primary Care Physicians require to effectively
coordinate patient care. That change is massive, and needs to be
led by example from the inside out. The PCP is that starting point.
The critical mass of providers and patients already affiliated with
Renaissance provides a natural launch pad for this landmark
program. We believe in PWeR's ability to drive cost reductions in a
provider's operations, and in turn that Renaissance will realize
greater savings and higher margins as a result of this improved
coordination of patient care. We consider our subsidy of this
program a huge return on our investment." Barbara A. Roqueta,
Senior Vice President and COO of RHS, leads the team responsible
for the relationships with the 2,000 Renaissance-affiliated
providers. "The core of Renaissance is creating greater
efficiencies for our providers by establishing a centralized point
of communications for their interaction with the multitude of
payers that have contracted with us," said Roqueta. "We streamline
their operations and free them up to focus on increasing the
quality and quantity of patient care rendered. We believe that the
accessibility to PWeR will exponentially facilitate this objective
as they can communicate with their traditional referral circle more
readily. Ultimately, I believe this will lead to increased
retention of our existing providers and a higher value proposition
to the providers with whom we are seeking to add to our roster."
The qualification for Renaissance providers to participate in this
offer is 300 Medicare Advantage patients affiliated with an HMO
that has contracted with Renaissance. Renaissance currently has
eight HMO partners and has established networks (community health
systems) in 29 Florida counties. These counties represent over 86%
of the state-wide Medicare eligible population. Noel J. Guillama,
Quantum President & CEO noted, "One of our core Quantum values
is to 'provide leadership in our industry' and we believe this
action is fully supportive of those values. We are currently
witnessing a transformational period in healthcare and we want to
be an active participant." About PWeR(TM) PWeR stands for Personal
Wellness electronic Record(TM) (http://www.mypwer.com/). This IBM
hosted, HIPAA-compliant, intelligent healthcare information
platform hosts medical records and permits interactive use. Medical
records will follow the patient, giving every healthcare provider
that sees a particular patient access to all the information needed
to assist in their diagnosis and treatment plan. Providers can
access a patient's entire medical record at one glance. Patients
can look back over physician instructions or track their wellness
progress. In critical situations or in providing treatment to PWeR
patients, hospitals are enabled to access full medical histories
and make educated treatment decisions based on accurate data.
That's PWeR - complexity meets simplicity. About The Quantum Group,
Inc. The Quantum Group (http://www.quantummd.com/) provides
business process solutions, service chain management, strategic
consulting and leading edge technology innovations to the
healthcare industry. Through our dynamic patient-centric
architecture, we empower the communication that is critical for the
coordination of care and take aim at the $700 billion inefficiency
gap in the United States healthcare industry. We are guided by a
mission to develop efficiencies, improve the quality of patient
care and achieve cost reductions for the nation's largest and
fastest growing industry. We have developed leading-edge technology
with the creation and deployment of a series of innovative
patent-pending initiatives. Through approximately 2,000 healthcare
providers and multiple insurance company relationships under
management, we are positioned to be a catalyst for change to the
healthcare industry. 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-K, 10-Q,
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 HMO clients and to continue to supply
the services needed by these HMO clients as well as provider
clients. We have further risk in the deployment of our PWeR(TM)
technology platform and the continuing infrastructure development,
hosting, security, sales and servicing; further potential
complications by the utilization by our clients, technical and
software setbacks, cost of development, as well as the capital to
deploy it as well as pricing and completive pressures. We are also
subject changes in federal and state government regulations dealing
with both our provider system and our technology solutions that
could have a material economic affect and cause interruptions of
services. We are also subject to contractual risk, expenses and
compliance with our alliance partner(s) agreements. The 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: RedChip Companies Dave Gentry:
407.644.4256 x104 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: Dave
Gentry, RedChip Companies, +1-407-644-4256 ext. 104, ; or Jim
Blackman, PR Financial Marketing, +1-713-256-0369, ; Danielle
Amodio of The Quantum Group, Inc., +1-561-798-9800, Web Site:
http://www.thequantumgroupinc.com/
Copyright