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Electronic Health Record Services added to Quantum Medical Technology Solutions

The Quantum Group, Inc. has announced that its subsidiary, Quantum Medical Technologies, Inc. , has introduced its latest cutting edge solution to improve patient wellness and medical practice efficiency. This new product is a web-based Electronic Health Record (EHR) developed by a combination of experienced physicians, technology experts and healthcare administrators.

Quantum President and CEO Noel J. Guillama commented, "We are adding this new solution to our system of physician-centric services entitled "Q-Care," which are designed to provide physicians with additional time and cost saving benefits. The Electronic Health Record will be a key component in providing quality patient care as it allows healthcare providers to access one comprehensive source to share and research information regarding a particular individual."

The Quantum EHR is an Application Service Provider (ASP), licensed by the Company, designed to meet the interoperability requirements established by the Certification Commission for Healthcare Information Technology (CCHIT) and the Continuity of Care Records (CCR). This internet-based solution significantly reduces the initial costs of set up, training, and operating costs. Compared to in-house, server-based EHR systems, this ASP-based EHR removes expenses associated with obsolescence, expensive upgrades and maintenance. There are no up front costs to the physician under the Quantum program.

A complimentary component of the EHR is its ability to fully integrate with the medical claims processing and collection system of The Quantum Group subsidiary, QMed BILLING, Inc. (http://www.QMEDBILLING.com). The combination of these solutions potentially provides the physician with significant savings in time and cost. The use of both solutions by the medical practice will facilitate the electronic exchange of billing information from the EHR to the QMed BILLING system in real time, thus reducing the overall time it takes to process and collect the claim.

The Quantum Group, based in Wellington, Florida, is one of Florida's largest community based healthcare provider systems. In conjunction with its subsidiary companies, Renaissance Health System of Florida, Inc. (RHS) (http://www.RHSFL.com) and QMed BILLING, Inc., Quantum provides administrative and support services to the Florida managed care industry as well as to the physicians of Florida. Through our growing number of nearly 1,300 contracted physicians and multiple managed care relationships in the state of Florida, we are strategically positioned to bring increased efficiencies to the over $100 billion Florida healthcare industry. According to an article published in the August 22, 2006 edition of the New York Times (By Gina Kolata), "By 2030, predicts Robert W. Fogel, a Nobel laureate at the University of Chicago Graduate School of Business, about 25 percent of the G.D.P. will be spent on health care, making it 'the driving force in the economy,' just as railroads drove the economy at the start of the 20th century."

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