The Quantum Group Submits Final Patent Filing in Support of Healthcare Technology Platform PWeR™ (Personal Wellness electro...
September 02 2009 - 6:00AM
Business Wire
The Quantum Group (NYSE Amex:QGP) announces that it has
submitted a final patent filing that covers unique solutions for
optimizing performance and access in a cloud computing environment.
PWeR, the Quantum technology platform, was built on a cloud
computing architecture and is designed to integrate all of the
principal applications a provider uses into one system including
Electronic Medical Records (EMR). Cloud computing is vital to PWeR
as the platform facilitates the patient’s entire care team,
including primary care physicians, specialists, hospitals and any
other provider that sees the patient, to share information and
access the patient’s complete medical record.
Pete Martinez, Quantum Senior Vice President and Chief
Technology & Innovations Officer, leads the team responsible
for the development and innovation behind PWeR. “We are at a key
moment in the transformation of this industry as methodologies such
as cloud computing become more prevalent. Shared access to patient
information by the entire care team results in a much more
comprehensive patient record readily available whenever and
wherever it is needed. Cloud computing makes that possible and our
patent ensures that even when there is severe competition for
Internet bandwidth, we can provide continuous availability and
responsiveness to the user. In particular, the system could detect
and prioritize critical medical information over less vital billing
or inventory transactions to assure effective operation even in a
congested environment.”
Most electronic medical record (EMR) applications capture
patient data and only retain it in the computer of the recording
physician or hospital. PWeR is architected as a system
incorporating multiple applications which include EMR, practice
management, billing, e-Labs, e-Prescriptions, disease management,
medical home (CMS tier 3 qualified), messaging, kiosks and many
other key functions. EMR is simply one application in this
comprehensive system. The cloud computing model of PWeR facilitates
the entire healthcare delivery process.
Noel J. Guillama, Quantum President & CEO added, “Quantum,
in collaboration with subsidiary companies Renaissance Health
Systems and Quantum Innovations, seeks to provide an innovative,
one-stop and comprehensive solution that connects payers, providers
and patients and meets business needs industry wide. Single
purposed solutions are no longer adequate for the changing
healthcare industry. We believe interconnectivity, like that
provided by Quantum, is key to the federally-mandated
transformation of this industry. Further, we consider ourselves set
apart from our competition by our ability to empower the role of
primary care physicians and initiatives like the Patient Centered
Medical Home (PCMH). The PCMH concept focuses on the need to
coordinate the patient care team through streamlined communication.
Shared and real-time accessibility to patient information is vital
to this concept and we believe PWeR is a natural solution.”
About PWeR™
PWeR stands for Personal Wellness electronic Record™.
This 21st Century EMR solution is a new breed, intelligent
healthcare information platform that hosts medical records and
permits interactive use. Medical records will follow the patient,
giving every healthcare provider that sees a particular patient
access to all the information needed to assist in their diagnosis
and treatment plan. Providers can access a patient's entire medical
record at one glance. Patients can look back over physician
instructions or track their wellness progress. In critical
situations or in providing treatment to PWeR patients, hospitals
are enabled to access full medical histories and make educated
treatment decisions based on accurate data. That's PWeR -
complexity meets simplicity.
For more information, please visit www.myPWeR.com.
About The Quantum Group, Inc.
The Quantum Group is an innovation-driven Healthcare Services
Organization (HSO) that provides Technology Solutions
through PWeR, a 21st Century Electronic Medical Records (EMR)
platform; Provider Systems and services through Renaissance
Health Systems, a Medical Services Organization (MSO) with more
than 2,000 affiliated providers; and Business Services for
healthcare providers and facilities. For more information, please
visit www.QuantumMD.com.
Certain statements contained in this news release, which are not
based on historical facts, are forward-looking statements as the
term is defined in the Private Securities Litigation Reform Act of
1995, and are subject to substantial uncertainties and risks in
part detailed in the respective company's Securities and Exchange
Commission 10-K, 10-Q, S-8, SB-2, S-1 and 8-K filings (and
amendments thereto) that may 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"
“could” and other words of similar meaning. These statements are
subject to risks and uncertainties that cannot be predicted or
quantified and, consequently, actual results may differ materially
from those expressed or implied by these forward-looking
statements. Such risk factors include, without limitation, the
ability of the Company to properly execute its business model, to
raise substantial and immediate additional capital to implement its
business model, to continue revenue growth trend in fiscal
year 2009, to control patient medical cost relative to income
received, to attract and retain executive, management and
operational personnel, to continue growing its patient base,
to negotiate favorable current debt and future capital raises, to
negotiate favorable agreements with a diversified provider base and
HMO clients and to continue to supply the services needed by these
HMO clients as well as provider clients. We have further risk in
the deployment of our PWeR™ technology platform and the continuing
infrastructure development, hosting, security, sales and servicing;
further potential complications by the utilization by our clients,
technical and software setbacks, cost of development, as well as
the capital to deploy it as well as pricing and completive
pressures. We are also subject to changes in federal and state
government regulations dealing with both our provider system and
our technology solutions that could have a material economic affect
and cause interruptions of services. We are also subject to
contractual risk, expenses and compliance with our alliance
partner(s) agreements. The Company does not undertake any
obligation to publicly update any forward-looking
statements. As a result, investors should not place undue
reliance on these forward-looking statements.
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