We tend to associate Millennials with the proliferation of technology; however, all the key technology improvements that we are witnessing today were effectively developed during the life of the trailing edge Baby Boomers (1956 to 1966). We the “trailing-edge” are the technology generation.
Our children, Millennials, have taken to technology and the creation of applications, at a ferocious rate. Few have used, let alone remember, the typewriter; they are more familiar with the computer keyboard introduced while in grade school.
These Millennials are starting to enter the healthcare system en masse. The leading edge of the Millennials today are 37 years old. They don’t function well without technology and as they enter healthcare, along with their parent’s high healthcare consumption years, healthcare is facing an inflection point and technology is the only answer.
We see Millennials beginning to question everything… I suppose you might say that we taught them right! Millennials are used to sharing their profile information across multiple platforms by simply entering a password and clicking a button. For them, filling out a form in longhand is a foreign concept, though we do it at nearly every visit to a physician.
Quantum Innovations, Inc., is pleased to announce that it has been accepted in to the Palm Beach County Medical Society (PBCMS) as an Endorsed Partner. This status is reached only with the approval of the recommendation and vote by the Board of Directors of the distinguished, nearly 100-year-old processional society.
Noel J. Guillama, President of Quantum Innovations, Inc. commented, “we are honored to be associated with such distinguished and historical society as the Palm Beach County Medical Society. For nearly 100 years it has represented the professionals of our community. We are committing to provide new technology solutions and to help enrich the science of wellness. We thank the PBCMS for the opportunity to help.”
Tenna Wiles, CEO of the PBCMS noted “we are pleased to add Quantum Innovations, Inc. to the “Endorsed Partner” status. We know of Mr. Guillama’s dedication to the community and to helping providers find better solutions and challenges, in particular in the use of new technologies.”
Quantum Innovations announced that it will use this opportunity to advance the profile of its innovative PWeR 3.0 Electronic Medical Record and Practice Management Platform. PBCMS member physicians will receive reduced pricing and enhanced local support.
Click here to read more
Noel Guillama, CEO of Quantum Group, attended the exclusive, SALT conference in Las Vegas last week.
SALT is essentially the “who’s who” of thought leaders – speakers this year included the 47th Vice President of the United States Joe Biden, and former UK Prime Minister David Cameron – and the conference bring together the thought leaders in finance, investment, political and economic trends is the world. Over 1,800 thought leaders, public policy officials, business professionals, investors and money managers from over 42 countries and 6 continents attended.This was the second time Quantum was invited to SALT, and gave Quantum the opportunity to meet with major family offices, venture capital, private equity and sovereign wealth funds.
Quantum were able to have in-depth meetings with three new groups interested in healthcare and health information technology – both domestic and from Europe – plus they will have access to the proprietary attendees platform for another years.
SALT was a great opportunity for Quantum and one that they will continue to harvest as a growth opportunity for PWeR.
Click here to see the list of investors.
Click here to see the full list of speakers.
The latest blog from Grace Century’s portfolio project , Quantum Group’s PWeR, is an insightful look into the future of the electronic health records (EHR) industry.
Quantum CEO, Noel Guillama explains in the article that improved care was supposed to be the result of the drive in recent years to populate the US healthcare system with EHR’s, however little evidence has shown that Meaningful Use Certification (MU-2) has done this. Hence, MU2 is not meaningful to MACRA (Medicare Access and CHIP Reauthorization Act of 2015) and the associated inefficiencies have potentially cost the industry billions of dollar.
Read the full article by clicking here.
A recent article on ZD Net takes a look at cloud computing / technology and how it the business models to generate revenue from related products have evolved over the years.
Our electronic medical records partner The Quantum Group Inc, have developed an innovative cloud- based system known PWeR, which a shortened version of Personal Wellness Record. Quantum currently employs a subscription model, which interestingly is how most the companies who use cloud technology in other industries – Amazon being a prime example – are structuring their business models.
Scott Wolf, President and Director of Research for Grace Century, commented “this is an interesting article on the subject of cloud technology, and from our perspective is it notable that Quantum have taken a commercial path which is similar to that of cutting-edge industry giants in other technology-based market sectors. The difference between the healthcare sector and other market sectors is that the use of cloud computing and related technology is very much behind in the healthcare sector, and Quantum are one of the very few companies in this sector who have embraced such technology at a best-practice level.”
Read the full article on ZD Net by clicking here.
Dubai Health Authority (DHA) has announced that Salama, its electronic medical record (EMR) system, will be rolled out in three phases this year, according to a recent article in Computer Weekly.
11,000 DHA staff will be trained to use Salama in 2017, which already contains 1.4 million patient records and has experienced 112 million transactions. The three phases will be rolled out in April, August and November of this year respectively
Amani Al Jassmi, director of information technology at the DHA, said “Salama marks the transformation of our medical services as it re-engineers the entire process, unifying 25 applications through a single interface. The records system will bring together information about radiology, laboratory, dental, dietetics and so on under one single system.”
Scott Wolf, President and Director of Research for Grace Century, commented, “As always, Dubai continues to lead the world in healthcare reform, by giving patients more control over their own health. Like our Portfolio project, the Quantum Group (and it’s platform PWeR™), patient portals are key by empowering people over their own records.”
Read the full story on Computer Weekly here
The increased demand for digital and automative technology in medicine is driving a significant increase in demand for electronic medical record (EMR) and electronic health record (EHR) products, according to our recent article in Digital Journal.
The technology behind EMR enables the storage of a huge range of data pertaining to the medical history of patients, delivering fast access of patient information to clinicians and ultimately promoting better clinical outcomes for patients. The prevalence of EMR uptake is especially pronounced in larger hospitals, with a slower uptake currently observed in smaller hospitals however it is felt that this lower uptake is related to the relatively smaller budgets that smaller hospitals have at their disposal.
The Quantum Group have announced that PWeR, Inc. (Personal Wellness electronic Records) have joined The Palm Beach Technology Association, or ?Palm Beach Tech? (PBT).
PBT is a non-profit membership association uniting, building, and enhancing the creativity of innovators and entrepreneurs in Palm Beach County. They are involved in software development, mechanical & electrical engineering, as well as technology industries throughout Palm Beach County. As a countywide trade association, Palm Beach Tech promotes industry growth by working with business groups, educational institutions, and government entities to support the goals of member companies. The core focus is to produce positive long-term economic impact and growth by attracting new business, supporting startups, and building the talent pool.
Grace Century has successfully boosted its presence in Asia’s early-growth private equity market after being invited to a series of meetings and seminars. Scott Wolf, Grace Century’s CEO and Director of Research, represented the company in Singapore May 28 through June 3, 2015.
A growing demand for U.S. Dollar denominated projects, plus a strong appetite for health and regenerative medicine themed investments by Asian investors, were key factors which prompted the invite from Grace Century’s Singaporean colleagues. Grace Century sought to capitalize on its expertise, in what is an increasingly attractive sector for early growth investment projects. Weakness in Singaporean real estate has added fuel for investors to diversify.