Navigation Links
PWeR(TM) Platform Available to Increase Provider Reimbursements From Medicare

WELLINGTON, Fla., Jan. 27 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (NYSE Alternext US: QGP) ( announced today that PWeR(TM) (Personal Wellness electronic Record), the healthcare information platform developed by the Company, may be used by healthcare providers to apply for eligibility to receive a bonus from Medicare through the e-prescriptions function within the platform.

This month Medicare began the 2009 e-Prescribing Incentive Program. The program specifies, "Eligible professionals who successfully report the e- prescribing measure in 2009 may be eligible to receive an incentive payment equal to 2% of all their Medicare Part B (Fee-for-Service, or FFS) allowed charges for services furnished during the reporting period."

Noel J. Guillama, Quantum President & CEO commented, "One of the areas of greatest concern for healthcare providers is diminishing reimbursements. This new CMS/Medicare program offers the opportunity to increase their reimbursement by leveraging technology, a measure which is clearly in line with the national priority to reform healthcare, reduce costs and save lives. We believe PWeR can help with the achievement of those national goals, and can enable our providers to take advantage of this new program right now." Guillama continued, "According to government studies, e-Prescribing has been shown to reduce prescription errors and to cut costs for consumers and healthcare providers. We are pleased to offer this revenue enhancing and quality improvement opportunity to our network of providers and prospective users throughout the industry."

Pete Martinez, Quantum Senior Vice President and Chief Technology & Innovations Officer added, "We believe PWeR is a 21st Century model for healthcare leveraging the existing structures for managed care with a lower cost, more effective platform integrated with services supported by world- class technology. We consider this to be in line with the transformational 'change' and initiatives President Obama seeks for our Country. Within our platform we make use of critical technologies such as electronic medical records with personalization, security and privacy. This innovation creates an integrated means to drive the cost reductions, efficiencies and quality levels unprecedented in healthcare."

According to recent industry reports, the e-prescribing bonus program could represent an additional $1,700 to $3,500 per healthcare provider per year. Additionally, the e-prescribing incentive for 2011-2012 will be 1% and 0.5% for 2013. CMS plans to penalize providers who do not utilize e- prescriptions with Medicare reimbursements reduced by 1% beginning in 2012, 1.5% in 2013 and 2% in 2014.

Martinez further noted, "The opportunity to realize the greatest reimbursements is right now. e-Prescriptions is just one of the many features and functions of PWeR. As new opportunities for transformation of this industry present themselves, we believe PWeR will help our providers to maximize their benefits."

About The Quantum Group, Inc.

The Quantum Group 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 Florida 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-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.

    PR Financial Marketing
    Jim Blackman: 713-256-0369
    The Quantum Group, Inc.
    Danielle Amodio:  561.798.9800

SOURCE The Quantum Group, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. The Quantum Group Announces Exclusive Screening of New PWeR(TM) System
2. Varian Medical Systems and BrainLAB to Showcase Novalis Tx(TM) Platform for Non-Invasive Image-Guided Radiosurgery
3. BoxTone Presents Mobile Industry with Timely Money Back Software Guarantee for Managing Enterprise BlackBerry Platform
4. TriZetto, Sanovia Join Forces to Offer First Integrated Platform That Helps Payers Control Pharmacy Costs
5. XStor Medical Systems Announces the Release of its Imaging Platform for Connectivity Between Healthcare Enterprises
6. ETHICON Launches the Latest Innovation in Hernia Repair Platform; PROCEED(TM) Ventral Patch (PVP(TM) Device)
7. CeloNova BioSciences Receives FDA Market Approval for Embozene(TM) Color-Advanced Microspheres Embolization Platform
8. Edge Health Solutions Selects Allscripts ePrescribe for Mac OS X Medical and Dental Platform
9. Genstar Capital Launches New Senior Care Services Platform UniVita Health and Agrees to Acquire Outsourced Insurance Services Provider, Long Term Care Group
10. Parkland Health & Hospital System Rolls Out Innovations PharmASSIST Technology Platform Across Nine Pharmacy Sites
11. Sentry Data Systems Announces Healthcare Business Intelligence Technology Platform
Post Your Comments:
(Date:11/27/2015)... ... 2015 , ... Avid collector, Andrew Hawley from Vintage Rock Posters, announces his ... is one of Joplin's most famous and beautiful concert posters. The concert was held ... Ann Arbor. The According to Hawley, "It is hard to believe that Joplin's stardom ...
(Date:11/26/2015)... Cambridge, ON (PRWEB) , ... November 26, 2015 ... ... availability of a real-time eReferral system for diagnostic imaging in the Waterloo region. ... mammography, BMD and Nuclear Medicine tests directly from their electronic medical record (EMR) ...
(Date:11/26/2015)... ... , ... PRMA Plastic Surgery is updating their record books yet again with ... flap breast reconstruction surgery! , “What an accomplishment for the PRMA team, says ... it’s an honor to have served all of these women.” , PRMA is one ...
(Date:11/26/2015)... ... November 26, 2015 , ... Indosoft Inc., developer and ... an application server to improve system efficiency and reliability. , The new Q-Suite 6 ... these standards, the system avoids locking itself into a specific piece of software for ...
(Date:11/25/2015)... Cokato, MN (PRWEB) , ... November 25, 2015 , ... ... Thanksgiving through Christmas Eve on several models of traditional and far-infrared saunas. ... . Nordic Spruce is the most traditional Finnish sauna wood, and Finnleo uses only ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... total global healthcare industry is expected to grow at a ... has the highest projected growth at 12.7%, and ... ), is second with growth projected at 11.5%. ... In 2013-2014, total government funded healthcare was nearly 68%. Federal ... in 2013-2014. In real terms, out of pocket expenditure increased ...
(Date:11/25/2015)... , Nov. 25, 2015 AAIPharma Services ... investment of at least $15.8  Million to expand ... Wilmington, NC . The expansion will provide ... meet the growing demands of the pharmaceutical and ... site expansion will provide up to 40,000 square ...
(Date:11/25/2015)... Israel , November 25, 2015 ... KTOV ) (TASE: KTOV), a biopharmaceutical company focused ... treatment of various clinical conditions, today announced the closing ... American Depository Shares ( ADSs ), each representing 20 ... up to 3,158,900 ADSs. The ADSs and warrants were ...
Breaking Medicine Technology: