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QTUM Defiance Quantum ETF

57.72
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Name Symbol Market Type
Defiance Quantum ETF AMEX:QTUM AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 57.72 0 00:00:00

Renaissance Health System of Florida, Inc. Secures Second and Third Operational Community Health Systems in Florida

15/08/2005 6:23pm

PR Newswire (US)


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WELLINGTON, Fla., Aug. 15 /PRNewswire-FirstCall/ -- Renaissance Health System of Florida, Inc. (RHS), a subsidiary of The Quantum Group, Inc. (OTC:QTUM) (BULLETIN BOARD: QTUM) , announced today that the Company's second and third Community Health Systems (CHS) have been completed and are fully operational. These new CHS networks are located in Miami-Dade and Broward Counties, with principal cities of Miami, Miami Beach, Coral Gables, Aventura, Kendall, Hialeah, Ft. Lauderdale, Hollywood, Davie, Weston and Pompano Beach. The first CHS was established in Volusia County earlier this year. Noel J. Guillama, President of Renaissance Health Systems of Florida, Inc., commented, "Our team is very pleased with this landmark event, as we continue to build upon our recent accomplishments. As we have done through our other recent expansions, we have found the best and brightest Providers to offer quality and comprehensive care to our future Patients in southeast Florida." Mr. Guillama went on to say, "With 40 Primary Care and 300 Specialist Providers from these two areas, we have expanded our total network to over 500 affiliated Providers. We expect to begin the management of Patient Care in these two counties within 60 days. We both progressively and aggressively continue to build our network of Providers as we establish Community Health Systems in ten additional counties." Barbara A. Roqueta, Vice President of Provider Operations, commented, "The significant progress RHS has made would not be possible without the efforts of our top-notch team of Provider Specialists. These individuals are truly the essence of what Renaissance embodies -- attentive to the services we offer to our contracted Providers and the determination to make a positive and significant impact towards quality healthcare in Florida. We could not be more pleased with their efforts." Miami-Dade and Broward Counties have a combined population of over 4,000,000 of which 538,000 are eligible for Medicare Advantage benefits. Among the recent accomplishments of RHS is the unveiling of its state-of- the-art, interactive website at http://www.rhsfl.com/ which features an extensive "Health & Wellness Center." Renaissance Health System of Florida, Inc. 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 a 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. 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. RHS contracts with Florida Health Maintenance Organizations (HMOs) to coordinate the care of patients in a proactive and cost effective environment. The Company's efforts are in support of the CMS objective to expand the healthcare options available to Medicare beneficiaries. 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 to provide new efficiencies to the $1.8 trillion 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 press release will, in fact, occur. Media Contact: Danielle Amodio Corporate Communications Officer 877.778.9300 DATASOURCE: The Quantum Group, Inc. CONTACT: Media, Danielle Amodio, Corporate Communications Officer, Quantum Group, +1-877-778-9300, or Web site: http://www.rhsfl.com/

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