The Quantum Group (NYSE Amex:QGP), in anticipation of eminent discussions with financial analysts, announced preliminary expectations for third quarter revenues of $9.75 million for fiscal year 2009. This figure would represent a 17% sequential increase in revenues over the first quarter of 2009 and a 113% increase over the same quarter of fiscal year 2008. Further, the Company notes that these expected revenues represent the 11th consecutive quarter of double-digit revenue growth. The final figures are subject to adjustment as we reconcile with our payer partners.

“We anticipate a continued ramp-up in operations as our services continue to grow in addition to the new revenues anticipated from PWeR™ (Personal Wellness electronic Record™), our dynamic healthcare technology platform,” commented Noel J. Guillama, Quantum President & CEO. “It is a true credit to the dedication and tremendous talent of our team that our business model continues to execute as planned. We believe we have the right combination of technology, systems, processes and agility required to thrive in this new era for the healthcare industry. Healthcare has reached the ‘tipping point’ and we believe our services and solutions can fulfill many of the needs of providers, hospitals, facilities and payers, in Florida and across the Country, as federally mandated reforms take hold. These are exciting times for healthcare and in turn, for Quantum.”

PWeR is a technology platform designed to integrate all of the principal applications a provider uses into one system including Electronic Medical Records (EMR), practice management (PM), scheduling & billing. “We have created a new breed EMR system that is web-based and integrates as a service, not unlike the online banking model,” noted Guillama.

PWeR utilizes a cloud computing architecture so that a patient’s entire care team, including primary care physicians, specialists, hospitals and any other provider that sees the patient, may share information and access the patient’s complete medical record. We’ve quite simply applied proven technology and methodologies from other transformed industries to healthcare by linking information to the one constant element – the patient.”

“America is at a crossroads with regard to healthcare costs, productivity and quality. We believe that healthcare reform is not an option; it is a necessity. The role of primary care physicians and initiatives like the Patient Centered Medical Home (PCMH), need to be the national standard,” Guillama stated. “Additionally, we believe that payers and providers must become more efficient to reduce unnecessary administrative and duplicative costs. A comprehensive, technology-driven and community-based clinical operating system is a key component. Quantum was founded upon these key principles and as such, we believe we are well prepared to aggressively participate in the reform of this industry.”

Guillama concluded, “Healthcare is the largest industry in the United States and is a $4 trillion industry worldwide. As healthcare continues to grow as a percentage of our national GDP, reform cannot come soon enough.”

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.

In this announcement, the Company has given guidance on revenues expected for the fiscal 3rd quarter of 2009. Actual results may vary substantially in part due to the actual reporting by the health plan partners under contract including the number of assigned patient lives, enrollments, and retroactive disenrollments and other conditions that are not apparent at the time of this release. The Company is not required to file updates and/or changes to this guidance prior to the filing of the unaudited 2nd quarter results for 2009 with the Securities and Exchange Commission and subsequent audited financial statements for the year ending October 31, 2009. 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.

Quantum Grp., (The) (AMEX:QGP)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Quantum Grp., (The) Charts.
Quantum Grp., (The) (AMEX:QGP)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Quantum Grp., (The) Charts.