WELLINGTON, Fla., April 28 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (NYSE Amex: QGP) announced today that it has filed a utility patent application to enhance the security architecture of PWeR(TM), (Personal Wellness electronic Record), the Quantum healthcare technology platform. This application joins 18 provisional patents previously filed by the Company.
The utility patent entitled "System and Method for Recovering Synchronized and Secure Distributed Medical Information by Web-Oriented Pooling," was developed to protect the multiple sources of data entering the PWeR system, while maintaining the integrity of the original format and information. The security measures imparted by this patent protect the exchange of text, graphics and key entries as they are input into the system. PWeR is a Web-based model that enables the connectivity of healthcare providers, facilities and payers to create comprehensive patient records. This patent supplements the measures PWeR already has in place to address HIPAA privacy concerns.
Pete Martinez, Quantum Senior Vice President and Chief Technology & Innovations Officer commented, "Healthcare is looking for 21st Century solutions to technologically drive efficiencies into the system and improve the quality of patient care. Naturally a key concern is the security and usability of the data input by physicians. Earlier this year we entered into a hosting agreement with IBM to ensure the highest level of privacy and security available for the patient information residing within our system. This patent takes that measure to the next level as we protect the information as it is input by each physician and facility caring for the patient."
The Company expects to file additional patent applications throughout this year largely in support of PWeR.
PWeR stands for Personal Wellness electronic Record(TM) (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 (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.
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|SOURCE The Quantum Group, Inc.|
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