WELLINGTON, Fla., April 6 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (NYSE Amex: QGP) (www.QuantumMD.com), a Healthcare Services Organization (HSO), announced today that PWeR(TM) (Personal Wellness electronic Record), the Quantum healthcare information platform and IBM hosted solution, is presenting in the IBM Booth at the 2009 HIMSS (Healthcare Information and Management Systems Society) Conference. The HIMSS09 conference is being held April 4 - April 8th at McCormick Place in Chicago.
PWeR is being introduced to conference attendees as a solution for interconnectivity for the highly fragmented healthcare industry and as a key component of Pc3 (Patient Centered Collaborative Care), IBM's Medical Home solution. The patient-centric system is a service-oriented model that meets the needs of payers (HMO/MSO/large employers), physicians, governmental health agencies and facilities (hospitals, nursing homes, long term care, etc.) as PWeR provides accessibility to comprehensive patient information that is vital to the efficiency and effectiveness of each entity.
Pete Martinez, Quantum Senior Vice President and Chief Technology & Innovations Officer, led the development of PWeR and is present at the HIMSS conference to introduce the platform to attendees. Martinez commented, "The timing to present PWeR at the world-renowned HIMSS conference is perfect. As our Country's leadership has placed mandates for the technological transformation of the healthcare industry and has dedicated $19 billion of the federal stimulus monies to do so, we believe PWeR is one of the natural solutions that will meet industry-wide acceptance. The HIMSS conference brings the best and brightest minds from the industry together to collaborate on the future of healthcare. We are engaging in new dialogues that talk of patient care in terms of prevention and wellness, rather than treatment and care. There has never been a more exciting time to be intertwined in an industry on the verge of such tremendous transformation and opportunity."
According to HIMSS, the conference is "where physicians, nurses, HIT executives, pharmacists, vendors and healthcare IT professionals from around the world come together for a week that will forever change the face of healthcare IT. They come in search of solutions. They leave with a shared vision."
About The Quantum Group, Inc.
The Quantum Group is an innovation-driven Healthcare Services Organization (HSO) which 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-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, Ext. 104 firstname.lastname@example.org or PR Financial Marketing Jim Blackman: 713-256-0369 email@example.com or The Quantum Group, Inc. Danielle Amodio: 561.798.9800 DAmodio@QuantumMD.com
|SOURCE The Quantum Group, Inc.|
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