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The Quantum Group Compliments Congress and President Obama on Signing of Stimulus Bill into Law
Date:2/18/2009

WELLINGTON, Fla., Feb. 18 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (NYSE Amex: QGP) (www.QuantumMD.com) President & CEO Noel J. Guillama, commented on the President signing the American Recovery and Reinvestment Act of 2009 into law yesterday. The new law allocates $19.2 billion to technology and innovation for the healthcare industry. Quantum has publicly supported the stimulus bill since it was publicly introduced.

The new law provides for approximately $17 billion for Medicare and Medicaid incentive payments for use of electronic health records (Goedert, Health Data Management, 2/12/09). The payments would range from $44,000 to $64,000 for physicians and up to $11 million for hospitals (iHealthBeat, 2/12/09). Additionally, a number of newspapers have published articles regarding the financial benefits expected for healthcare technology-driven firms as a result of this new law.

Section 9202 of the Law, "Investment In Health Information Technology," discusses the need to implement and promote architecture that supports nationwide electronic exchange, the importance of privacy issues, training and dissemination of information on best practices, developing tools for promotion of telemedicine and interoperability of data repositories or registries.

On her website, "The Gavel," Speaker of the House Nancy Pelosi summarized the purpose of the targeted effort to improve healthcare in our country through the new stimulus package. http://www.speaker.gov/newsroom/legislation?id=0273#health) "Affordable and quality health care is key to strong economic growth. We are bringing our health care system into the 21st century with information technology, which
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SOURCE The Quantum Group, Inc.
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