SUGAR LAND, Texas, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- Quantum Medical Transport, Inc. (OTC.PK:DRWN)
Dear Fellow Stakeholders
I wanted to take this opportunity to provide you with an update on the company’s vision for 2018. We have an exciting road ahead of us for the development of Quantum Medical as a national healthcare player. We started the year sharing with our stakeholders our plans to develop (QuantH), our medical blockchain technology to support the full healthcare ecosystem. We are looking to acquire software companies in the Electronic Health Records (EHR)/Electronic Medical Records (EMR) industry. This is our strategy for initial customer acquisition, and then we market to our existing customer base to roll into the more secure distributed ledger blockchain technology. We have identified specific targets for acquisition pending closing our ICO.
An EHR/EMR contains vital data and includes administrative & billing info, patient demographics, progress rates, vital signs, and medical status. Moreover, it shows the diagnosis, medications, immunization dates, allergies, radiology & lab results, etc. This digital version offers much more health data than computerized paper charts. EHR-EMR systems are designed to share data with healthcare providers & organizations. Some of them comprise laboratories, specialists, medical imaging, pharmacies, emergency facilities, & school & workplace clinics.
Once our ICO is closed we will seek to hire a Chief Technology Officer, a Chief Operating Officer, a Director of Sales and a technical support team in-house to support the implementation of our blockchain technology. Our initial marketing budget will be $1 Million to rollout of medical blockchain technology platform. Products will be marketed through direct sales and value-added resellers. What is the core motivator for medical service providers and facilitators to transition to blockchain medical records storage and transmission? The answer is simple decentralized distributed ledger (highly encrypted security), thus stopping hackers from stealing patients information and ransom ware. The second largest factor that motivates service providers to utilize our service is the American Recovery and Reinvestment Act, all public and private healthcare providers and other eligible professionals (EP) were required to adopt and demonstrate “meaningful use” of electronic medical records (EMR) by January 1, 2014 in order to maintain their existing Medicaid and Medicare reimbursement levels. Since that date, the use of electronic medical and health records has spread worldwide and shown its many benefits to health organizations everywhere.
“Meaningful use” of electronic health records (EHR), as defined by HealthIT.gov, consists of using digital medical and health records to achieve the following:
- Improve quality, safety, efficiency, and reduce health disparities
- Engage patients and family
- Improve care coordination, and population and public health
- Maintain privacy and security of patient health information
The American Recovery and Reinvestment Act also included financial incentives for healthcare providers who prove meaningful use of electronic health records (EHR). EHR is not only a more comprehensive patient history than electronic medical records (EMR), the latter of which contains a patient’s medical history from just one practice, but was also the end-goal of the federal mandate.
Penalties were also issued to those healthcare organizations that were non-compliant. For example, Healthcare providers who didn’t implement EHR/EMR systems and demonstrate their meaningful use by 2015 experienced a 1% reduction in Medicare reimbursements. We currently provide medical billing for third party ambulance companies and plan to expand this business model to gain more market share so that owners can focus more on operations and let us focus on billing.
We will continue to grow our core business in the emergency medical and non-emergency medical space through acquisition of smaller regional players.
“We have several new revenue generators as initiatives for growth in 2018 which should improve stakeholders value,” says Ricky Bernard, CEO.
About Quantum Medical Transport/United Ambulance
QUANTUM MEDICAL TRANSPORT, INC. /UNITED AMBULANCE, LLC is an emergency and non-emergency medical services transportation company that operates in the State of Texas. The Company provides basic and advanced life support ground transport in an emergency and non-emergency setting, 24 hours a day, and seven days a week. The Company makes both local and regional out-of-town services available on a daily dispatch basis. Management remains focused on providing prompt, high-quality patient care at the Advanced and Basic Life Support levels. Employees will work diligently to achieve goals while maintaining the highest standards of care.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “intends,” “plans,” “should,” “seeks,” “pro forma,” “anticipates,” “estimates,” “continues,” or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under “Risk Factors” and “Our Business.” Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
Investor Relations:
Ricky Bernard
832-436-1831 x100
info@quantummedicaltransport.com
www.quantummedicaltransport.com