The Quantum Group Announces PWeR Deployment with First Renaissance-Affiliated Provider
26 Octobre 2009 - 12:00PM
Business Wire
The Quantum Group, Inc. (NYSE Amex:QGP) announced today that the
first physician affiliated with Quantum subsidiary Renaissance
Health Systems has “gone live” with PWeR™ (Personal Wellness
electronic Record™), the one patient, one record™ electronic
medical record platform offered by Quantum Innovations, Inc. This
successful deployment marks the inception of the cross-marketing
potential that is core to the Quantum model.
Renaissance Health Systems has more than 2,000 affiliated
providers and multiple contracts with payers that have assigned
nearly 5,000 patient lives to Renaissance for the coordination of
their healthcare.
Dr. Edgar R. Blecker is a primary care physician in Sebastian,
Florida and has been affiliated with Renaissance for approximately
a year and a half. He has recently expanded his operations into a
second facility and added new physicians. Using the web-based PWeR
platform, Dr. Blecker and his associates can collaborate and
connect in real time.
Dr. Blecker noted, “We are thrilled to be live on PWeR. The
platform follows a natural workflow and has allowed us to
streamline our existing processes and create a more efficient
office environment. The training and support have been consistent
with the high quality and service we have experienced during our
relationship with Renaissance. There is great benefit and
simplicity in working with a Company that has many solutions under
one umbrella.”
Pete Martinez, Quantum Senior Vice President and Chief
Technology & Innovations Officer, has led the development of
PWeR from inception. “Dr. Blecker is an innovator and is a
fantastic example of how PWeR can be scaled to meet the needs of
any practice from the solo practitioner, to a multiple-physician
group practice, medical facility or a hospital environment. PWeR
allows Dr. Blecker to have the flexibility to share critical
patient information between his two offices with a click of the
mouse and to monitor daily operations. Further, as Dr. Blecker
conducts rounds in the hospitals to visit with any of his admitted
patients, he can access and update his patient records and order
any necessary tests, procedures, or prescriptions as he conducts
his examinations.”
Martinez continued, “The country is demanding reform of the
healthcare delivery system and we believe PWeR is an ideal tool to
facilitate that change. PWeR stands apart from existing, and
largely software-based, players in the market through our one
patient, one record approach fueled by the Internet. Our 19 patent
applications are revolutionary in this industry.”
About PWeR™
PWeR stands for Personal Wellness electronic Record™.
This 21st Century electronic medical records (EMR) solution is the
one patient, one record™ intelligent healthcare information
platform that 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 can access full medical
histories and make educated treatment decisions based on accurate
data. That's PWeR - complexity meets simplicity. For more
information, please visit www.myPWeR.com.
About The Quantum Group, Inc.
The Quantum Group is an innovation-driven healthcare services
organization (HSO) that provides Technology Solutions
through PWeR, a 21st Century EMR platform by Quantum Innovations;
Provider Systems and services through Renaissance Health
Systems, a medical services organization (MSO) with more than 2,000
affiliated providers; and Business Services through Quantum
Global Professional Services (QGPS) for healthcare providers and
facilities. For more information, please visit
www.QuantumMD.com.
Certain statements contained in this news release that 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 risks and uncertainties. These
risks and uncertainties are in part detailed in the Company's
Annual Report on Form 10-K for the fiscal year ended October 31,
2008, and its Quarterly Reports on Form 10-Q (“Quarterly Reports”)
for the periods ended January 31, April 30 and July 31, 2009, which
were filed with the Securities and Exchange Commission.
Forward-looking statements can be identified by the use of words
such as "expects," "plans," "will," "may," "anticipates,"
"believes," "should," "intends," "estimates" and “could,” other
words of similar meaning and the negative form of such words. 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 risks and uncertainties include,
without limitation, the effect on the Company’s stock price as a
result of its transition to the quotation of its securities on the
OTC Bulletin Board from the listing of its securities on the NYSE
Amex LLC, the ability of the Company to properly execute its
business model, to raise substantial and immediate additional
capital in the current credit markets, to implement its business
model, to continue its upward revenue growth trend, to control
patient medical costs relative to income received, to attract and
retain qualified executive, management and operational
personnel, to continue growing its patient base, to negotiate
or renegotiate favorable terms for its current debt and future
financings, to negotiate favorable agreements with a diversified
provider base and HMO payers and to continue to supply the services
required by these HMO payers and provider clients. There can also
be no assurance that the Company’s deployment of its PWeR™
technology platform will be commercially successful or that the
continuing infrastructure development, hosting, security, sales and
servicing will be accomplished in a timely manner or at all or be
accepted by clients. The PWeR platform may also experience further
potential complications during utilization by clients, technical
and software setbacks and any unexpected costs of development, as
well as pricing and competitive pressures, and the capital
necessary to deploy it may not be available on time or at all. The
Company is also subject to changes in federal and state government
regulations dealing with its provider system and technology
solutions that could have a material adverse effect on its
financial condition and result in interruptions of services,
additional contractual risk and expenses and difficulties in
compliance with its alliance partner(s) agreements. The Company
does not undertake any obligation to release any revisions to these
forward-looking statements publicly to reflect events occurring
after the date of this release or to reflect the occurrence of
unanticipated events. As a result, investors should not place undue
reliance on these forward-looking statements.
Quantum Grp., (The) (AMEX:QGP)
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