Quad M Solutions Inc. Signs Memorandum of Understanding with Quantum Computing
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Edgewater, N.J., Jan. 19, 2022 (GLOBE NEWSWIRE) — Quad M solutions, Inc.(MMMM:OTC) has signed a memorandum of understanding with Quantum Computing Inc. (QCI) (Nasdaq:QUBT) to develop and deliver a quantum solution to improve the efficiency of self-underwriting of the medical insurance company.
Quad M is expected to have tens of thousands of employees covered using its medical insurance solutions through its subsidiary, Nuaxess2, in 2022. Quad M Solutions Inc. will work with QCI to design a quantum solution using its more than 100 000 people and its growing database of medical data. recordings.
Currently, like all medical insurance companies and other self-insured companies, Quad M Inc. uses a standard medical questionnaire to underwrite its employees. Quad M intends to use Qatalyst from Quantum Computing Inc.™ off-the-shelf quantum software to enable Quad M Solutions Inc. to generate a quantum-ready classical computing solution in the short term. This will allow Quad M to take into account several variables that had never been taken into account or used to reduce its underwriting costs.
The companies intend to market this product to other self-insured companies and medical insurance companies once it is perfected, leveraging information from current medical records. They think it’s a potential multi-billion dollar market. Quad M Solutions Inc. will pay Quantum Computing Inc. between $5 and $10 per employee per month for services provided by QCI.
Mr. Joseph Frontiere, CEO of Quad M Solutions Inc., said, “QCI is the only company with software that allows us to implement our underwriting solution in a quantum way. It is independent of any quantum hardware or classical computer, allowing us to use today’s cutting-edge technology to massively improve our underwriting process. The current state of quantum computers and supercomputers has reached the point where we felt it would give us a huge technological competitive advantage in the staffing solutions industry. I am very proud to work with one of the most innovative software companies in the world.
Mr. Robert Liscouski, CEO of Quantum Computing Inc., said, “Working with Quad M Solutions provides our business with a real test case while generating significant revenue. We plan to create a joint product that we will bring to market for the multi-billion dollar insurance industry. Qatalyst™ is perfectly designed to use today’s advanced computer technology to provide more accurate and diverse information about the underwriting process.
About Quad M Solutions, Inc.
Quad M Solutions Inc. is a public holding company that provides self-funded health plans, staffing services, human resource human resources, payroll services, pension, supplemental and workers’ compensation insurance. work to employers of small and medium-sized groups of 1 to 500 employees, and the explosion of the essential worker “Gig Economy”, a labor market that is characterized by the prevalence of short-term contracts or freelance work, not d permanent jobs. The four subsidiaries of our Company, NuAxess 2, Inc., PrimeAxess, Inc., OpenAxes, Inc. and PrimeAxess 2.LLC are important in conveying who we are and what we do.
We strive to provide these employers and individuals with the right tools to be able to manage and control all facets of their healthcare experience and their eventual health outcomes. Prevention, wellness and cures have become part of our corporate mission for people who want to manage and control their short and long term health care needs.
Our self-insurance programs are consumer-focused and technology-enabled and, in itself, self-insurance is affordable, transparent and tailored to the healthcare and retirement needs of employees seeking better benefits, integrated health information and a better medical care provider. access and outcomes.
For more information, please visit: QuadMSolutions.com and NuAxess.com.
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