To facilitate objectives and provide a complete circle of services to our clients, The Quantum Group has organized three distinct, yet integrated operating divisions:
- Renaissance Health Systems, Inc.
- Quantum Innovations, Inc.
- Quantum Global Professional Services, Inc.
Through Renaissance Health Systems, Quantum coordinates the care of patients on behalf of the payers that have contracted with us, through the utilization of our network of independent physicians and other healthcare providers, and our own technology systems. Our model interacts with each of the three key hubs of the healthcare industry - the providers (primary care physicians / specialists / ancillary facilities), hospitals and payers. To accomplish the connectivity required for these communications, our Quantum Innovations subsidiary has developed software technology to better manage our core business. We have an enterprise platform that includes multiple applications usedby provider offices or hospitals. The platform, known as PWeRTM (Personal Wellness electronic RecordTM) is patient-centric and capable of receiving patient information from multiple sources. PWeR is hosted on a secure and reliable network that provides scalability and privacy into this HIPAA compliant platform. PWeR is a low cost, multi-application and simple to use software system written as Web-based, open architecture and is Software as a Service (SaaS) platform. The scalability of PWeR allows for centralized patient data to be accumulated at local, state, national and global levels.
The Company also provides other services and products to healthcare providers in and outside of its network. These services include medical billing and collection, purchasing, technology and insurance products. These services are designed to reduce administrative time and expense from the physician's practice and increase their revenue collection rate. All these value added services are offered by Quantum Global Professional Services.
Understanding the Market
Current healthcare spending in the United States accounts for 16% of the Nation's gross domestic product ("GDP"). This represents an average of over $7,026 for each person in the United States. Healthcare has been the only net growth sector over the last 10 years as healthcare spending has risen from 13.6% (1997) of GDP to 16% (2006) while housing, food, technology, auto and defense have remained flat as a percentage of GDP.
In its February 2008 report, CMS estimated that healthcare spending in the United States is projected to be above $2.2 trillion or approximately 16.3% of the GDP in 2007 and would grow to $4.3 trillion, or 19.5% of the GDP by 2017. In the United States, healthcare outlays have grown faster than the consumer price index. According to CMS, healthcare outlays are projected to grow at a rate of 6.7% annually between 2007 and 2017. The projected principal drivers for this growth include continued cost-increasing medical innovation, inflation, continued demand for prescription drugs and the aging baby boomer demographic.
