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Grace Century

Grace Century’s electronic health records project, Quantum Group, signs $10mFunding agreement with U.K.’s Pro-Activ Group

: Wednesday, July 30 - 2014 @ 09:30

Grace Century, has announced that a $10m allotment in Preferred Series AA, 5% has been agreed with U.K.’s joint relationship between Pro-Activ Group and Property Accountancy & Management Ltd. to advance the EHR (electronic health record) project with The Quantum Group, Inc., utilizing their technology platform, PWeR 2.0.

“We believe this is a ‘game-changer’ for Quantum and upon successful completion, will be sufficient to launch Quantum to market within 90 days in the U.S.,” said Scott Wolf, CEO of Grace Century, FZ LLC.

Pro-Activ is headed by Darren Carter and Property Accountancy & Management Ltd.’s Andy Priestley. The two have cultivated a unique consortium focused on industry disrupters and positioning their clients in the optimum positions early in the life cycle.

Darren Carter commented, “We are excited to assist Quantum in it’s fund raise and be able to be a part of the global shift in IT as it relates to healthcare, increasing efficiencies in the delivery of healthcare are essential in a service sector under ever increasing stress where there are increasing pressure on budgets.”

Andy Priestley commented, “Quantum’s solution to health patient’s records being stored, assessed, shared and managed interactively with all health care professionals, will cost a fraction of the sum the British government wrote off when attempting unsuccessfully to deliver a similar solution.”

“We have worked hard for a few years to bring our portfolio of patents forward and build a healthcare technology platform that we believe is state-of-the-art and a true turnkey solution that the industry wants and needs. We believe that our product is unique, and offers the solution the U.S. medical community is looking for,” said Noel J. Guillama, President of The Quantum Group, Inc. “Not only do we integrate the Electronic Health Records between the multiple providers a patient may have, it also adds scheduling, drug interaction, e-Prescriptions, blood lab orders/results, medical billing and electronic transfers of medical claims to every major insurer in the United States. Soon, additional features will be added such as telemedicine,” Noel added.

Guillama commented further on future of the EHR industry, “We believe that after an estimated $50bn invested in EHR in the U.S. by both the governmental agencies and private industry since 2010, along with 40% doctor dissatisfaction in current installed EHRs who are looking to replace what they have, the opportunity for a new product is very high. We are emboldened with recent reports by major delivery systems in the U.S. which have noted that integrated EHRs both increase quality and reduce cost.”

“We are confident that the addition of Pro-Activ and its members will drive Quantum to be the leader in the information sector of healthcare,” said Wolf.

For more info please contact:
Laurie Pehar Borsh
Email: [email protected]
Tel: +18009152151 ext:706

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Wednesday, July 30- 2014 @ 9:30 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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