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The Quantum Group Announces Execution of 3rd Letter of Intent in
Support of Community Health System Initiative
WELLINGTON, Fla., Feb. 17 /PRNewswire-FirstCall/ -- The Quantum Group, Inc.
(OTC:QTUM) (BULLETIN BOARD: QTUM) announced today that its subsidiary company,
Renaissance Health Systems (RHS), Inc., has executed a third Letter of Intent
to build a Community Health System (CHS) in South Florida consisting of three
counties. This new CHS is designed specifically for the new Medicare Advantage
program in support of the Center for Medicare Services' (CMS) initiative to
provide more healthcare options to seniors. This new area represents a total
Medicare-eligible population of over 840,000 lives.
"With the execution of this third Letter of Intent, Renaissance has been
contracted to build systems throughout Florida. Pending final contracts in
negotiations and the continued assembling of personnel, we expect to be
generating revenues in less than 90 days," commented Noel J. Guillama,
President of The Quantum Group, Inc. He further stated, "With our integrated
approach to healthcare services, outsourcing and technology, we feel that
Quantum is well positioned to be a one-stop solutions provider for the medical
community by creating a more effective and efficient medical delivery system."
In a meeting held with company stakeholders, Mr. Guillama explained,
"Renaissance Health Systems has developed a new model for the benefit of
patients, providers and insurers alike -- the Community Health System or CHS.
In a CHS, the patient is recognized as the true consumer of healthcare
services. Patients are engaged to actively work along side their physician in
pursuit of their improved healthcare lifestyle. This tandem approach to a
patient's health benefits the insurer, the physician and most importantly the
patient as it emphasizes a proactive approach to wellness."
A recent study conducted by the Center for Health Statistics, a division of the
North Carolina Division of Public Health, concluded that 11% of
hospitalizations could have been avoided with primary care intervention.
The mission of Renaissance Health Systems (RHS) is to provide quality,
proactive and cost-effective healthcare to our patients while simultaneously
improving their quality of life and lifestyle.
The Quantum Group, Inc. 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; developing
three patent-pending healthcare solutions identified as Cybernaptics(SM),
Quantum Quotient(SM) (or QX2)(SM) and MDAutomated(SM), all with the intention
to provide new efficiencies to the $1.6 billion U.S. healthcare system; 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 report will,
in fact, occur.
Media Contact:
Danielle Amodio
Director of Corporate Communications
The Quantum Group, Inc.
561.798.9800
DATASOURCE: The Quantum Group, Inc.
CONTACT: Danielle Amodio, Director of Corporate Communications, The
Quantum Group, Inc., +1-561-798-9800
Web site: http://www.thequantumgroupinc.com/