Guillama further commented, "Though we are past the traditional Medicare Advantage open enrollment period, we are negotiating with various payers to transfer patients associated with independent healthcare providers to affiliate with Renaissance and increase our patient base. We still anticipate our calendar year-end membership to be near 5,000 lives under management."
The Company reported a loss from operations of $4,837,832 in the second quarter of fiscal year 2008 versus $1,161,365 from the same quarter in fiscal year of 2007. This quarter loss figure includes $1,939,429 related to equity and option based compensation and resulted in a loss per share of $.55 versus $1.87 per share for the same period in 2007. The Company further reported a total net loss of $4,903,974 for the quarter versus $3,029,772 for the second quarter of fiscal year 2007.
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 $600 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
|SOURCE The Quantum Group, Inc.|
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