WELLINGTON, Fla., Sept. 10 The Quantum Group,Inc. (Amex: QGP) (www.QuantumMD.com), a Wellington, Florida based healthcareorganization, announced the filing of four new provisional patents to enhancethe proprietary PWeR(TM) platform developed by the Company and to drivegreater efficiencies within the healthcare industry.
The PWeR platform is an industry-wide, web-based healthcare informationsystem that has been recently deployed to serve the management needs ofhealthcare professionals throughout Florida. These new patents supporttechnology that is intended to enhance the capabilities of this systemimproving prescription accuracy; to offer real-time updates of patientrecords; streamlining inventory management of supplies within a healthcareprovider's facility; and customizing the PWeR system for each user in order toprovide for a more efficient and productive experience. The Company ispositioning itself to lead as an innovator with its 13 provisional patents,all designed to transform the healthcare industry at-large by offeringpersonalized processes and solutions for healthcare providers to positivelyimpact the quality of patient care.
Pete Martinez, Senior Vice President, Chief Technology and InnovationsOfficer of the Quantum Group, stated, "These four new provisional patentsbuild upon our strategy to introduce the most innovative means ofcommunicating within the healthcare industry. Through our unique electronicinformation system and technology, we are helping to revolutionize thehealthcare industry by making communications and document management moreefficient and cost-effective. While our patented technologies are going along way to serve the needs of healthcare professionals, in the end, we areserving the needs of patients as our tools facilitate better care. Innovativenavigation tools, prescription checking, patient record management andpredictive modeling are all needed in healthcare. Our ability to deliverthese technologies demonstrates the strength of our platform and theopportunities that lie ahead with our new patents."
Martinez continued, "The $2.3 trillion U.S. healthcare industry presents astrong need for better quality and productivity. The lack of automation inthis industry is exemplified by the fact that most transactions are stillbeing conducted by either phone, paper or fax. We have created thetechnological architecture to facilitate the interface between the healthcareindustry and 21st century business models, processes and technologies.Fundamentally, we have looked at healthcare through the eyes of the consumer(patient), provider (doctor) and scientist (researcher, educator) and created,what we believe, to be the simplest, most effective and knowledge-richinventions for the healthcare industry."
About The Quantum Group, Inc.
The Quantum Group provides business process solutions, service chainmanagement, strategic consulting and leading edge technology innovations tothe healthcare industry.
Through our dynamic patient-centric architecture, we empower thecommunication that is critical for the coordination of care and take aim atthe $600 billion inefficiency gap in the United States healthcare industry. Weare guided by a mission to develop efficiencies, improve the quality ofpatient care and achieve cost reductions for the nation's largest and fastestgrowing industry.
We have developed leading-edge technology with the creation and deploymentof a series of innovative patent-pending initiatives. Through approximately2,000 healthcare providers and multiple insurance company relationships undermanagement, we are positioned to be a catalyst for change to the Floridahealthcare 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