The Quantum Group Deploys New Version of 21st Century EMR Solution - PWeRTM 3.0
11 August 2009 - 1:00PM
Business Wire
The Quantum Group, Inc. (NYSE Amex:QGP) announced that the third
version of PWeRTM (Personal Wellness electronic RecordTM), PWeR
3.0, is expected to deploy in the next 30 days. New functionality
and enhanced user experience features dominate the upgrades for the
new version of PWeR. In anticipation and alignment with Federal
healthcare mandates and Stimulus programs, PWeR is a new breed EMR
(electronic medical records) leveraging best practices technology
with ease of use for subscribers. The cloud computing architecture
of PWeR provides shared access of patient health information (PHI)
for the entire patient care team – including primary care
physicians, specialists and hospitals.
Pete Martinez, Senior Vice President, Chief Technology and
Innovations Officer said, “By 2014 physicians will be required to
have comprehensive EMR systems for their practices or face
penalties. Yet industry surveys note that less than 20% of
physicians in the U.S. currently use an EMR. This has created a
once in a lifetime opportunity to quickly fulfill the needs of 80%
of doctors in the U.S. What is most impressive is the Federal
Stimulus ARRA program that has already allocated $19.2 Billion that
will go towards the funding of EMRs at practices and
hospitals.”
PWeR has created a new and unique model for the integration of
the functions of a doctor’s office. Its key features include:
- Patient-Centric: PWeR creates a total
360O view of a patient by integrating all of the measurements,
diagnostics, treatments and care plans from all providers seeing an
individual. The resulting patient record can be accessed anywhere
in the world.
- Web-based, Software as a Service (SaaS)
Model: No software to download, maintain or upgrade which
results in low start-up and maintenance costs for physicians beyond
the monthly subscription fee.
- Cloud Computing: All records are securely
maintained in the network. This provides greater privacy while
requiring no dedicated servers for storage or trained personnel to
handle patient records management.
- Scalability: The PWeR platform can grow
at the speed of the Web.
- Cost: There is no dedicated hardware or
servers (a desktop, laptop or tablet will do), no license fees
(monthly contract), no upgrade fees, no need for dedicated staff to
manage IT.
The PWeR technology is enriched by 19 provisional patent
applications that create state-of-the-art visual interfaces,
knowledge wealth and predictive modeling in line with the Federal
direction of evidence based medicine.
Pete Martinez, Quantum Senior VP and Chief Technology &
Innovations Officer said, “This is a very exciting time in
healthcare innovation. Technologies and processes, already proven
in other industries, will have a major influence in this massive
transformation. PWeR is an excellent example of the high leverage
of 21st Century technology for simplicity, productivity and
creativity.”
Noel J. Guillama, Quantum President & CEO noted, “A key
component of our ongoing research and development is the input of
physicians, particularly the 2,000 affiliated providers of our
subsidiary company Renaissance Health Systems. We have held
hundreds of consultations to date and we are committed to
maintaining these dialogues for continuous improvements and
enhanced interconnectivity. We have also expanded our presentations
to physicians to include hospitals, healthcare systems and payers.
We believe our multi-faceted approach will facilitate our goal to
reduce inefficiencies, provide better care to the consumer
(patient) and actually make healthcare in general less expensive by
implementing greater technology.”
The Company notes that the response received from physicians,
hospitals, researchers and administrators has been very
encouraging.
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 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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