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QTUM Defiance Quantum ETF

57.72
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
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 01:00:00

Renaissance Health Systems of Florida, Inc. Secures First Operational Community Health System in Florida

27/07/2005 2:00pm

PR Newswire (US)


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Renaissance Health Systems of Florida, Inc. Secures First Operational Community Health System in Florida WELLINGTON, Fla., July 27 /PRNewswire/ -- Renaissance Health Systems of Florida, Inc. (RHS), announced today that the Company's first Community Health System (CHS) has become fully certified and operational in Volusia County with principal cities of Daytona Beach, New Smyrna Beach, Port Orange and Ormond Beach. The Quantum Group, Inc. (OTC:QTUM) (BULLETIN BOARD: QTUM) the parent of RHS, announced on April 6, 2005 that a after two years of planning and nearly a year of implementation and development, that it had reached an agreement with a Florida-based Health Maintenance Organization. Through this agreement, RHS coordinates healthcare through its Community Health System, which has been specifically designed to provide care to Medicare Advantage members. "We are very pleased that after a substantial investment of time and resources, and meeting with the best and brightest of Volusia County medicine, we have organized and received approval to begin operations" commented Noel J. Guillama, President of Renaissance Health Systems of Florida, Inc. He went on to say, "Though we today have a network of Providers in strategic areas of Volusia County we look forward to expanding our network to provide our future patients even better coverage and more options for their care." RHS disclosed today that the HMO is Citrus Health Care of Tampa, Florida http://www.citrushc.com/. As of July 1, 2005, RHS reported it has reached agreement with over 400 Providers along Florida's east coast and anticipates to contract with 900-1000 Providers in 13 Florida counties by year's end. These efforts enable the Company to begin to provide more options to Patients, Providers and Managed Care Organizations later this year and early in 2006. 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 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 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: Renaissance Health Systems of Florida, Inc. CONTACT: Danielle Amodio, Corporate Communications Officer of Renaissance Health Systems of Florida, Inc., 1-877-778-9300, Web site: http://www.rhsfl.com/ http://www.citrushc.com/

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