The Quantum Group Announces Filing of Utility Patent Application
April 28 2009 - 7:00AM
PR Newswire (US)
WELLINGTON, Fla., April 28 /PRNewswire-FirstCall/ -- The Quantum
Group, Inc. (NYSE Amex: QGP) announced today that it has filed a
utility patent application to enhance the security architecture of
PWeR(TM), (Personal Wellness electronic Record), the Quantum
healthcare technology platform. This application joins 18
provisional patents previously filed by the Company. The utility
patent entitled "System and Method for Recovering Synchronized and
Secure Distributed Medical Information by Web-Oriented Pooling,"
was developed to protect the multiple sources of data entering the
PWeR system, while maintaining the integrity of the original format
and information. The security measures imparted by this patent
protect the exchange of text, graphics and key entries as they are
input into the system. PWeR is a Web-based model that enables the
connectivity of healthcare providers, facilities and payers to
create comprehensive patient records. This patent supplements the
measures PWeR already has in place to address HIPAA privacy
concerns. Pete Martinez, Quantum Senior Vice President and Chief
Technology & Innovations Officer commented, "Healthcare is
looking for 21st Century solutions to technologically drive
efficiencies into the system and improve the quality of patient
care. Naturally a key concern is the security and usability of the
data input by physicians. Earlier this year we entered into a
hosting agreement with IBM to ensure the highest level of privacy
and security available for the patient information residing within
our system. This patent takes that measure to the next level as we
protect the information as it is input by each physician and
facility caring for the patient." The Company expects to file
additional patent applications throughout this year largely in
support of PWeR. About PWeR(TM) PWeR stands for Personal Wellness
electronic Record(TM) (http://www.mypwer.com/). This IBM hosted,
HIPAA-compliant, intelligent healthcare information platform 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. About The Quantum Group, Inc. The
Quantum Group (http://www.quantummd.com/) provides business process
solutions, service chain management, strategic consulting and
leading edge technology innovations to the healthcare industry.
Through our dynamic patient-centric architecture, we empower the
communication that is critical for the coordination of care and
take aim at the $700 billion inefficiency gap in the United States
healthcare industry. We are guided by a mission to develop
efficiencies, improve the quality of patient care and achieve cost
reductions for the nation's largest and fastest growing industry.
We have developed leading-edge technology with the creation and
deployment of a series of innovative patent-pending initiatives.
Through approximately 2,000 healthcare providers and multiple
insurance company relationships under management, we are positioned
to be a catalyst for change to the healthcare industry. 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(TM) 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. FOR MORE INFORMATION, PLEASE CONTACT:
RedChip Companies Dave Gentry: 407.644.4256 x104 or PR Financial
Marketing Jim Blackman: 713.256.0369 or The Quantum Group, Inc.
Danielle Amodio: 561.798.9800 DATASOURCE: The Quantum Group, Inc.
CONTACT: Dave Gentry, RedChip Companies, +1-407-644-4256 x104, ; or
Jim Blackman, PR Financial Marketing, +1-713-256-0369, ; or,
Danielle Amodio, The Quantum Group, Inc., +1-561-798-9800, Web
Site: http://www.quantummd.com/
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