Quantum Medical Transport, Inc. Releases Shareholders Letter
February 07 2018 - 8:00AM
InvestorsHub NewsWire
Sugar land, Texas
February 07, 2018-Quantum Medical Transport, Inc. (DRWN: OTC.PK)
Quantum Medical Transport, Inc. Releases Shareholders
Letter
Dear Fellow Stakeholders
I wanted to take this opportunity to provide you with an update on
the company’s vision for 2018. We have an exciting road ahead of us
for the development of Quantum Medical as a national healthcare
player. We started the year sharing with our stakeholders our plans
to develop (QuantH), our medical blockchain technology to support
the full healthcare ecosystem. We are looking to acquire software
companies in the Electronic Health Records (EHR)/ Electronic
Medical Records (EMR) industry. This is our strategy for initial
customer acquisition, and then we market to our existing customer
base to roll into the more secure distributed ledger blockchain
technology. We have identified specific targets for acquisition
pending closing our ICO.
An EHR/EMR contains vital data and
includes administrative & billing info, patient demographics,
progress rates, vital signs, and medical status. Moreover, it shows
the diagnosis, medications, immunization dates, allergies,
radiology & lab results, etc. This digital version offers much
more health data than computerized paper charts. EHR-EMR systems
are designed to share data with healthcare providers &
organizations. Some of them comprise laboratories, specialists,
medical imaging, pharmacies, emergency facilities, & school
& workplace clinics.
Once our ICO is closed we will seek to hire a Chief Technology
Officer, a Chief Operating Officer, a Director of Sales and a
technical support team in-house to support the implementation of
our blockchain technology. Our initial marketing budget will be $1
Million to rollout of medical blockchain technology platform.
Products will be marketed through direct sales and value-added
resellers. What is the core motivator for medical service providers
and facilitators to transition to blockchain medical records
storage and transmission? The answer is simple decentralized
distributed ledger (highly encrypted security), thus stopping
hackers from stealing patients information and ransom ware. The
second largest factor that motivates service providers to utilize
our service is the American Recovery and Reinvestment Act, all
public and private healthcare providers and other eligible
professionals (EP) were required to adopt and demonstrate
“meaningful use” of electronic medical records (EMR) by
January 1, 2014 in order to maintain their existing Medicaid and
Medicare reimbursement levels. Since that date, the use of
electronic medical and health records has spread worldwide and
shown its many benefits to health organizations everywhere.
“Meaningful use” of electronic health records (EHR), as defined by
HealthIT.gov, consists of using digital medical and health records
to achieve the following:
· Improve quality, safety,
efficiency, and reduce health disparities
· Engage patients and family
· Improve care coordination, and
population and public health
· Maintain privacy and security of
patient health information
The American Recovery and Reinvestment Act also included financial
incentives for healthcare providers who prove meaningful use
of electronic health records (HER). EHR is not only a more
comprehensive patient history than electronic medical records
(EMR), the latter of which contains a patient’s medical history
from just one practice, but was also the end-goal of the federal
mandate.
Penalties were also issued to those healthcare organizations that
were non-compliant. For example, Healthcare providers who didn’t
implement HER/EMR systems and demonstrate their meaningful use
by 2015 experienced a 1% reduction in Medicare reimbursements.
We currently provide medical billing for third party ambulance
companies and plan to expand this business model to gain more
market share so that owners can focus more on operations and let us
focus on billing.
We will continue to grow our core business in the emergency
medical and non-emergency medical space through acquisition of
smaller regional players.
"We have several new revenue generators as initiatives
for growth in 2018 which should improve stakeholders value says,
Ricky Bernard, CEO"
About Quantum Medical Transport/United
Ambulance
QUANTUM MEDICAL TRANSPORT, INC. /UNITED AMBULANCE, LLC is an
emergency and non-emergency medical services transportation company
that operates in the State of Texas. The Company provides basic and
advanced life support ground transport in an emergency and
non-emergency setting, 24 hours a day, and seven days a
week. The Company makes both local and regional out-of-town
services available on a daily dispatch basis.
Management remains focused on providing prompt, high-quality
patient care at the Advanced and Basic Life Support levels.
Employees will work diligently to achieve goals while maintaining
the highest standards of care.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking statements that involve
a number of risks and uncertainties. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as “believes,” “expects,” “may,”
“will,” “intends, “plans,” “should,” “seeks,” “pro forma,”
“anticipates,” “estimates,” “continues,” or other variations
thereof (including their use in the negative), or by discussions of
strategies, plans or intentions. A number of factors
could cause results to differ materially from those anticipated by
such forward-looking statements, including those discussed under
“Risk Factors” and “Our Business.” Forward-looking statements are
subject to known and unknown risks and uncertainties and are based
on potentially inaccurate assumptions that could cause actual
results to differ materially from those expected or implied by the
forward-looking statements. Our actual results could differ
materially from those anticipated in the forward-looking statements
for many reasons.
Investor Relations:
Ricky Bernard
832-436-1831 x100
info@quantummedicaltransport.com
www.quantummedicaltransport.com
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