WELLINGTON, Fla., Jan. 22 The Quantum Group,Inc. (Amex: QGP, QGP.WS.A, QGP.WS.B) (www.QuantumMD.com) announced today thatthe number of healthcare providers contracted with Renaissance Health Systemof Florida, Inc. (www.RHSFL.com), a subsidiary of Quantum, has expanded to1,800. Renaissance Providers serve over 1,500 patients, a number thatcontinues to grow daily as the Medicare Advantage open enrollment period runsfrom January 1, 2008 through March 31, 2008. Further, Renaissance hasestablished Community Health Systems in 26 Florida counties.
Renaissance has contracts with five Florida Health MaintenanceOrganizations (HMOs) and expects to continue to expand those relationships.Historically, healthcare providers in Florida have had at least elevencontracts with different HMOs, each with a unique set of terms and parameters,ie. different contracts, procedures, ways of conducting business; all of whichare at different prices. The Quantum model consolidates those relationshipsand creates a more effective and efficient working environment for theproviders and payers. With Renaissance, providers need only call one place,and Quantum will take care of the rest.
Noel J. Guillama, President & CEO of The Quantum Group of Companiesexplained, "The continued growth of our Community Health Systems is furtherproof that our model has been successfully designed to provide great benefitto healthcare providers. Our structure allows physicians to outsource themanagement of the relationship with the HMOs we represent. Our providers areable to direct their focus toward achieving higher efficiency and quality ofpatient care." Guillama continued, "We assume administrative responsibilityfor the relationships with the HMOs on behalf of our providers. We believeour Providers find great value in this service."
Barbara A. Roqueta, Senior Vice President Provider Operations, leads theteam of Provider Specialists charged with establishing and managing therelationship with the 1,800 Renaissance-affiliated Providers. Ms. Roquetacommented, "Our team of Provider Specialists is widely regarded as the mostprofessional, results-oriented and responsive representatives in the industry.The continued growth of our Community Health Systems is largely attributed tothe strength and professionalism of this team, and I look forward to itscontinued success."
Roqueta continued, "As a member of The Quantum Group of Companies,Renaissance is able to offer personalized benefits for our providers as well.A primary role of our team is to serve as a consultant for our providers andto help identify additional ways for them to increase the productivity andefficiency of their practice while reducing their costs. Whether we canconnect them with The Quantum Agency to manage and protect their assets or toQMed Solutions for their billing and collections needs, Renaissance bringscustomized, value-add services to each provider we serve."
About the Company
The Quantum Group, Inc. is a Florida-based organization. The Companybuilds and manages healthcare systems and offers consulting and outsourcingservices that will be leveraged by leading-edge technology to the nation'slargest and fastest growing industry -- healthcare.
The Company is engaged in the development and execution of a series ofinnovative patent-pending technology initiatives designed to make Quantum oneof the state's leading providers of business solutions for the healthcareindustry. Through its growing number of 1,800 contracted physicians andmanaged care relationships in the state of Florida, the Company believes it ispositioned to bring increased efficiencies to the Florida healthcare industry.
Certain statements contained in this news release, which are not based onhistorical facts, are forward-looking statements as the term is defined in thePrivate Securities Litigation Reform Act of 1995, and ar