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The Quantum Group Announces State Approval of TPA Application for Subsidiary Company Renaissance Administrative Solutions, Inc.
Date:11/25/2008

WELLINGTON, Fla., Nov. 25 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (NYSE Alternext US: QGP) (www.QuantumMD.com), a solutions provider for the healthcare industry, announced today that Quantum subsidiary Renaissance Administrative Solutions, Inc. (RASI) has received approval and a Certificate of Authority from the State of Florida to become a Third Party Administrator (TPA). RASI has been established to provide administrative claims processing services to existing partners of the Company and to other potential payers in Florida.

A TPA provides an outsourced solution to payers such as traditional HMOs, PPOs, governmental agencies and self insured employers. While the risk of loss remains with the organization providing the insurance, the TPA offers the capability to provide access to a credentialed delivery system of physicians, hospitals and other ancillary providers, plus manage the claims process which may include enrollment, payment, premium collection and other administrative activities.

Noel J. Guillama, President & CEO, commented, "We are extremely pleased to receive approval of our application from the State of Florida and to mark the achievement of another major benchmark in our 2008 business plan. We will now be able to integrate the services of RASI into our menu of solutions as we continue our corporate mission to increase efficiencies in healthcare administration for our partners by reducing redundancy, paperwork and minimizing waste. With the addition of RASI, we believe that our collective efforts will yield a higher quality of care for healthcare consumers."

Formally, Renaissance Administrative Solutions, Inc. (RASI) has executed a consent order with the Florida Office of Insurance Regulation that has granted RASI with a Certificate of Authority to act as an Insurance Administrator also referred to as a Third Party Admin
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SOURCE The Quantum Group, Inc.
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