WELLINGTON, Fla., Jan. 20 The Quantum Group,Inc. (NYSE Alternext US: QGP) (www.QuantumMD.com), a solutions provider forthe healthcare industry, announced today that it supports the AmericanRecovery and Reinvestment Bill of 2009 for healthcare IT investment.
The Quantum Group President and CEO, Noel J. Guillama, stated, "In thenext few weeks Congress will be considering the American Recovery andReinvestment Bill of 2009. This proposal currently contains approximately $24billion for healthcare with most of it designated for expanding informationtechnology. The proposal states that $20 billion will be used 'for healthinformation technology to prevent medical mistakes, provide better care topatients and introduce cost-saving efficiencies.' We commend our Country'sleadership for constructing this proposal and we strongly support itspassage."
Guillama continued, "We believe that the transformation of the healthcareindustry should be primarily driven by the implementation of more intelligentand comprehensive technology systems to lower costs, improve care and savelives."
Quantum believes it is designed to do what no other company in healthcarehas done. The Company is creating healthcare delivery systems available to allpayers (insurance companies, HMOs, employers and government) to manage patientcare. The Company aggregates payers and systems for healthcare providers(physicians) and streamlines their operations with one another. Additionally,Quantum is providing a world-class, patient-centric and internet basedtechnology for physicians, facilities and other healthcare providers toinclude electronic records and related advanced information services. TheQuantum model has been further integrated with outsourcing services to theindustry on one common technology platform to reduce costs, increaseefficiencies, and enhance the quality of patient care.
The American Recovery and Reinvestment Bill of 2009 states in part: "LowerHealthcare Costs: To save not only jobs, but money and lives, we will updateand computerize our healthcare system to cut red tape, prevent medicalmistakes, and help reduce healthcare costs by billions of dollars each year.$20 billion for health information technology to prevent medical mistakes,provide better care to patients and introduce cost-saving efficiencies. $4.1billion to provide for preventative care and to evaluate the most effectivehealthcare treatments." (Source: COMMITTEE ON APPROPRIATIONS DAVE OBEY (D-WI),CHAIRMAN, Released Thursday, January 15, 2009)
The Quantum Group believes that the revolution in healthcare has alreadybegun. The Company further believes that through the proposals of the newObama administration this revolution will continue to expand. Guillama noted,"Our Company is eager for the implementation of President Obama's healthcareplan as we believe our model is right in-line."
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 $700 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.
In this announcement, the Company has given guidance based on preliminaryresults from its patient lives under management. Actual results may varysubstantially in part due to the actual reporting by the health plan partnersunder contract including the number of assigned patient lives, enrollments,and retroactive disenrollments. The Company is not required to file updatesand/or changes to this guidance prior to the filing of the audited Fiscal Year2008 results to the Securities and Exchange Commission. Certain statementscontained in this news release, which are not based on historical facts, areforward-looking statements as the term is defined in the Private SecuritiesLitigation Reform Act of 1995, and are subject to substantial uncertaintiesand risks in part detailed in the respective company's Securities and ExchangeCommission 10-KSB, 10-QSB, S-8 and 8-K filings (and amendments thereto) thatmay cause actual results to materially differ from projections. Forward-looking statements can be identified by the use of words such as "expects,""plans," "will," "may," "anticipates," "believes," "should," "intends,""estimates" and other words of similar meaning. These statements are subjectto risks and uncertainties that cannot be predicted or quantified and,consequently, actual results may differ materially from those expressed orimplied by these forward-looking statements. Such risk factors include,without limitation, the ability of the Company to properly execute itsbusiness model, to raise substantial and immediate additional capital toimplement its business model, to show 2008 fiscal year revenues in the rangediscussed in this press release, to continue revenue growth trend in fiscalyear 2009, to attract and retain executive, management and operationalpersonnel, to continue growing its patient base, to negotiate favorablecurrent debt and future capital raises, to negotiate favorable agreements witha diversified provider base and to continue to supply the services needed byits HMO clients as well as physician clients. The Company does not undertakeany obligation to publicly update any forward-looking statements. As a result,investors should not place undue reliance on these forward-looking statements.FOR MORE INFORMATION, PLEASE CONTACT: PR Financial Marketing Jim Blackman: 713-256-0369 firstname.lastname@example.org or The Quantum Group, Inc. Danielle Amodio: 561.798.9800 DAmodio@QuantumMD.com
SOURCE The Quantum Group, Inc.