WELLINGTON, Fla.--(BUSINESS WIRE)--The Quantum Group, Inc. (NYSE Amex:QGP) announced that the third version of PWeRTM (Personal Wellness electronic RecordTM), PWeR 3.0, has deployed according to schedule. PWeR is the one patient, one record™ medical record platform that the Company believes is a relevant and real solution to meet current federal healthcare mandates and stimulus programs. This SaaS (Software as a Service) platform features multiple applications including electronic medical records (EMR), practice management, e-Labs and e-prescriptions.
Current federal regulations require physicians that provide care to Medicare patients adopt electronic medical records systems by the year 2014, or face penalties. Industry surveys reveal that less than 20% of physicians in the U.S. currently use an EMR creating a fertile market for sales. The federal stimulus (ARRA) program has already allocated $19.2 billion that will go towards the funding of EMRs at practices and hospitals. Noel J. Guillama, President & CEO commented, "With the heavy focus on healthcare reform in our country, we believe we have deployed the right business model and technologies to be a leader in the 21st century of healthcare."
Pete Martinez, Senior Vice President and Chief Technology & Innovations Officer noted, "PWeR is a natural solution for providers and hospitals for several reasons. 1) It is low cost. PWeR is Software as a Service, so there is no need to purchase expensive servers as all of the data is accessed, entered and shared via the web. 2) Data is secure. The banking industry has taken a firm stance on protecting data while providing accessibility to your account information and transactions in a real-time environment. Healthcare should follow suit and patient health information (PHI) should be available wherever and whenever it is needed. 3) One patient, one record. Shared access of PHI for the entire patient care team (including primary care physicians, specialists and hospitals) is vital to creating comprehensive medical records."
Martinez continued, "It is exciting to demonstrate how we can connect physicians, hospitals, payers and patients through PWeR. Shared access to one patient record is critical to defining the 360 degree view of the patient. Eyes light up when we present PWeR because it is something the industry has not seen before. Our cloud computing approach and software as a service (SaaS) methodology provides for low cost, rapid deployment that is scalable for the solo practioner to groups with hundreds, even thousands, of providers. We believe the possibilities are endless as the data we begin to mine has relevance for clinical trials, governmental agencies and drug companies. Ultimately, the greatest reward comes for the patient as PWeR empowers them to take a proactive approach to their own wellness."
New functionality and enhanced user experience features dominate the upgrades for the new version of PWeR. The PWeR technology is enriched by 19 provisional patent applications that create state-of-the-art visual interfaces, knowledge wealth and predictive modeling in line with the Federal direction of evidence based medicine.
About PWeR™
PWeR stands for Personal Wellness electronic Record™. This 21st Century EMR solution is the one patient, one record™ 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 through Quantum Global Professional Services (QGPS) for healthcare providers and facilities. For more information, please visit www.QuantumMD.com.
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