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Rising Financial Solutions Taps Director of Business Development for Medicare Set Aside Administration Offerings
Date:6/29/2009

CHICAGO, June 29 /PRNewswire/ -- Rising Financial Solutions, LLC, a medical-financial management company and wholly-owned subsidiary of Rising Medical Solutions, Inc., is pleased to announce the appointment of Hany Abdelsayed as the Director of Business Development for its Medicare Set Aside (MSA) Administration services.

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Abdelsayed joins Rising Financial Solutions (Rising) with nearly 20 years of claims handling and related Medicare Set Aside experience, most recently as Director of Sales for PMSI (formerly Health Advocates), a leading industry provider of MSA allocation services. A certified subject matter expert and instructor for the Insurance Education Association (IEA), Abdelsayed has been invited to speak on Medicare Secondary Payer Regulation by multiple insurance carriers, third party administrators, and adjuster associations across the country.

Abdelsayed's responsibilities at Rising include establishing and developing industry relationships associated with the delivery of Rising's MSA Professional Administration and Self-Administration Support offerings. Additionally, Abdelsayed will play a key role in the strategic sales, marketing, and operational efforts related to these solutions.

Said Abdelsayed, "What attracted me to Rising was that the Company had been in business for quite some time prior to the establishment of the MSA industry and many of its service providers. The organization has been around since 1999 and it not only has the necessary Medicare and financial management expertise, it also has extensive medical cost containment expertise gained through the repricing of billions of dollars in medical charges. This cost containment and reimbursement experience is unique amongst MSA Administration firms and it provides a strong foundation for delivering our MSA funds management and extension services."

Rising's Chief Operating Officer, Cecil Pickens, commented, "With the increasing risks associated with the mishandling of MSAs, the need for claimants to receive professional assistance or support in administering these funds is paramount. Hany's considerable experience and relationships in the MSA industry enhances our leadership in this space and we are excited to have him on board."

About Rising Financial Solutions, LLC

A wholly-owned subsidiary of Rising Medical Solutions, Inc. (www.risingms.com), Rising Financial Solutions, LLC (www.risingfs.com) is a leading medical-financial management solutions organization that services the auto, workers' compensation, group health, and liability markets. Through its suite of offerings, Rising Financial Solutions delivers professional financial management, provider payment, and healthcare transaction solutions to clients nationwide, including insurance carriers, self-insured employers, government organizations, third party administrators, attorneys, and patients.

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Media Contact

For more information, contact Rachel Racz at rachel.racz@risingms.com / 877-747-4644, x5893.


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SOURCE Rising Financial Solutions, LLC
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