The Quantum Group, Inc. Begins to Generate Revenues
January 17 2006 - 11:37AM
PR Newswire (US)
Community Health Systems 'Go Live' in Three Florida Counties
WELLINGTON, Fla., Jan. 17 /PRNewswire-FirstCall/ -- The Quantum
Group, Inc. (OTC:QTUM) (BULLETIN BOARD: QTUM) (
http://www.qtum.com/ ) announced today that with the acceptance and
treatment of its first health plan members in the fourth quarter of
2005, the Company has begun to formally generate revenues. Through
its subsidiary, Renaissance Health System of Florida, Inc. (RHS) (
http://www.rhsfl.com/ ), the Company has developed three Community
Health Systems (CHS) that are currently managing the care of
patients in three Florida counties. QTUM President and CEO Noel J.
Guillama commented, "The entire Company is thrilled with the
progress made by our Provider Specialist team in launching these
three Community Health Systems." Guillama, citing a recent
statistic published in The New York Times that indicated that 78
million baby boomers will begin retiring in the next five years,
continued, "Through strategic relationships that are established
with HMO partners, we are well-positioned to be a leader in
providing the healthcare needed for our baby-boomer population."
The healthcare industry represents over $100 billion in Florida --
making it the largest industry in the state. The Department of
Health and Human Services (HHS) announced that healthcare spending
shot up 6.3% in 2004, to a total of $1.9 trillion. That figure
represents an average of over $6,280 per person in the United
States. Further, Medicare spending increased 8.9% to a record high
of $309 billion in 2005. With the aforementioned baby-boomer
retirement surge leading the charge, Medicare Advantage growth is
projected to increase nearly 100% over the next four years. The
generation of revenues has propelled the Company from its
development phase to its current operational stage. Guillama, a
nationally recognized healthcare expert, is confident in the team
that has been put in place to take the Company to the next level.
"Our Company has gone to great lengths to find some of the most
talented professionals in the healthcare industry. Each employee of
our Company becomes an Equity Owner upon hire. We believe in
instilling pride and passion in our employees by empowering them
with a sense of ownership. As the Company succeeds, the rewards are
multi-faceted, thereby leading to increased employee satisfaction.
Our team is personally vested in the success of 'their' Company."
According to Guillama, that has been a vital component towards the
passion, excellence and dedication of the team -- and most
importantly towards the success of the Company thus far. The
Quantum Group has a highly aggressive plan in place for its
continued growth through its Community Health Systems, as well as
its own planned outsourcing services for physicians. "The
opportunities to cross-market and promote amongst our affiliated
Providers is significant," Guillama commented. "The Company is
positioned to be a total solutions provider. Healthcare is such a
highly fragmented industry, and Quantum is poised to provide value-
added services physicians require, all under one organization." The
mission of The Quantum Group is "to provide solutions to
physicians, to achieve cost reduction for organizations, and to
improve the lifestyle and healthcare of our Patients by using new
systems, more efficient processes and emerging technologies." The
Quantum Group, Inc. (QTUM) ( http://www.qtum.com/ ) is a
Wellington, Florida-based healthcare company, providing
outsourcing, technology-based solutions, government compliance,
education, policy consulting and venture management to the
healthcare industry. Quantum is currently involved in: outsourcing
for physicians, managed care organizations, healthcare facilities,
and physician associations; and providing leading-edge healthcare
services to consumers. The Quantum Group -- "healthcare solutions
for a new generation."(SM) 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
uncertainties and risks in part detailed in the respective
company's Securities and Exchange Commission 10-K, 10-Q, S-8 and
8-K filings that may cause actual results to materially differ from
projections. Although the company believes that its expectations
are reasonable assumptions within the bounds of its knowledge of
its businesses and operations, there can be no assurance that
actual results will not differ materially from their expectations.
Important factors currently known to management that could cause
actual results to differ materially from those in forward-looking
statements include the company's ability to execute properly its
new business model, to raise additional capital to implement new
business model, the ability to attract and retain personnel, and
the inherent risk associated with a diversified business to achieve
positive cash flow. In light of these risks and uncertainties,
there can be no assurance that the forward-looking information
contained in this press release will, in fact, occur. Media
Contact: Danielle Amodio Vice President Corporate Communications
The Quantum Group, Inc. 561.798.9800 DATASOURCE: The Quantum Group,
Inc. CONTACT: Danielle Amodio, Vice President Corporate
Communications, The Quantum Group, Inc., +1-561-798-9800 Web site:
http://www.qtum.com/ http://www.rhsfl.com/
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