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The Quantum Group Announces Increased Patient Enrollment Following Medicare Advantage Open Enrollment Period



April 14th, 2008

   2008 APR 14 -- The Quantum Group, Inc. (AMEX:QGP)(AMEX:QGP.WSA)(AMEX:QGP.WSB) (www.QuantumMD.com) announced that, following an open enrollment period instituted by The Centers for Medicare and Medicaid Services (CMS), the Company's subsidiary, Renaissance Health Systems, increased its enrolled Medicare Advantage base to 2,240 and is on track to reach a projected 5,000 enrollments by December 31, 2008.

   During the CMS open enrollment period, which runs from November 15th through March 31st of each year, Medicare-eligible patients are allowed to choose or switch health plans. Patients who come of eligible age for Medicare or Medicaid during the balance of the year as well as those who become eligible to receive both Medicaid and Medicare benefits or are eligible for special needs waivers, are able to select a plan year round.

   Noel J. Guillama, President and CEO of The Quantum Group, stated earlier this week that the Company plans to continue recruitment of Medicare eligible individuals for the remainder of the year. Mr. Guillama said, "The state of Florida welcomes new residents by the thousands each month, many of which are Medicare-eligible and looking to retire in the Sunshine State. We will continue to work with our HMO partners to pursue marketing initiatives geared to the newly Medicare eligible, those who are receiving both Medicare and Medicaid benefits as well as those with special needs waivers."

   Guillama continued, "We are also in discussions with our HMO partners to cultivate new or transferred providers and/or patient assignments who are already enrolled in Medicare Advantage plans with each respective HMO.

   "Our strategy is on track to focus on the continued growth of our provider base and enhancement of our relationships with our HMO partners during the closed enrollment season. Further, we look forward to the anticipated rollout of several of our most exciting outsourcing services and products geared to increase the efficiency and effectiveness of healthcare providers later this year - particularly our previously announced dynamic technology platform initiative."

   Referring to the continued expansion of affiliated healthcare providers, Barbara Roqueta, Senior Vice President of Provider Operations, stated, "We have enjoyed the ongoing growth of our provider base. We are on track to reach our projected goal of 2,500 providers by the end of this calendar year. We have established Community Health Systems in 26 counties and are engaged in an expansion to establish our presence in an additional six counties this calendar year."

   Keywords: Medicare and Medicaid, HMO, Health Insurance, Health Maintenance Organizations, Health Policy, Medicaid, Medicare, The Quantum Group Inc.

   This article was prepared by Managed Care Weekly Digest editors from staff and other reports. Copyright 2008, Managed Care Weekly Digest via NewsRx.com.

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