Navigation Links
Rising Medical Solutions Chooses Bank of America to Bring Enhanced Cash Management and Provider Payment Solutions to the Marketplace

CHICAGO, June 13 /PRNewswire/ -- Rising Medical Solutions, Inc. (Rising), a leading medical-financial solutions organization, is pleased to announce that they have chosen Bank of America as their banking service provider for the Company's client-facing treasury management offerings.


Specifically, Rising will utilize Bank of America Direct(R) treasury services as the foundation for the Company's medical Provider payment solutions. The relationship between the two organizations allows for a simple, reliable system to maintain and track multiple Payer accounts and sub-accounts so that client transactional activity is individually segregated, independently reported, and effectively controlled. Based upon client disbursement preference, the Bank of America relationship supports both Rising's checkwriting and electronic Provider payment options for its Payer clients.

The Bank of America relationship also supports Rising's Custodial Account Administration offering, whereby Rising provides professional administration of medical settlement funds across all lines of insurance. Acting as the Custodian, Rising will apply jurisdictional requirements, Medicare guidelines, and cost containment protocols to extend the life of these settlement funds which are designated to pay for an injured party's future medical expenses. Again, Bank of America's treasury services will provide Rising with the tools to easily administer, report on, and manage Provider disbursements from multiple Custodial Accounts of which there are two types -- Medicare Set Aside (MSA) Custodial Accounts, for settlement cases that meet certain Medicare criteria, and Medical Custodial Accounts, for settlement cases that do not involve Medicare.

"Using Bank of America's significant resources to simplify and support Rising's cash management offerings will greatly benefit our clients. These enhanced service capabilities are a natural extension of Rising's medical cost containment and care management programs and are consistent with the caliber of service that our customers have come to expect from us," comments Rising CFO Tom Galvan. "We look forward to a successful and collaborative relationship with this prominent financial institution."

About Rising Medical Solutions, Inc.

Headquartered in Chicago, Illinois, Rising is a leading medical-financial solutions organization that services the auto, workers' compensation, and liability markets. Through its comprehensive medical cost containment and care management programs, Rising provides compelling business outcomes to clients nationwide, including insurance carriers, self-insured employers, government organizations, third party administrators, and attorneys.

About Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,500 ATMs and award-winning online banking with nearly 25 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Media Contact

For more information, contact Rachel Racz at /

877-747-4644, x5893.
Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Jason Beans

SOURCE Rising Medical Solutions, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Spotting Vitamin-D Deficiency in the Absence of Symptoms: ZRT Laboratorys New, One-of-a-Kind Blood Spot Test Answers the Call for Early Detection of Rapidly Rising D-Deficiencies
2. Impact of Rising Gas, Food Prices Felt Globally
3. Rising Garners Top Honors on the Private Company Indexs Top Five Growth Companies List for Q1 2008
4. California Green and Organic Purchasing Strong Despite Rising Prices Says Mambo Sprouts Survey
5. Kids Growing Up on Grown Up Drugs: New Research Shows Treatments for Adult Ailments Rapidly Rising in Children
6. Rising Medical Solutions and CEO Are Featured as a Case Study in the Effective Small Business Management, Ninth Edition Textbook
7. Roches Vidal Honored as 2008 HBA Rising Star
8. GSKs Ernestine Harris Honored as Industry Rising Star by Healthcare Businesswomens Association
9. Flip Flops, Mulch and No Coat: Study Identifies Surprising Barriers to Outdoor Activity for Kids in Child-Care Centers
10. Albania: Rising expectations drive growing health care needs
11. Top Policy Experts to Debate Link Between Rising Health Care Costs and Advances in Medical Technology, Wednesday, April 16, 2008, From 8:30 - 10:00 A.M., at DCs National Press Club
Post Your Comments:
(Date:11/25/2015)... ... ... “While riding the bus, I saw a passenger in a wheelchair drenched ... be a convenient and comfortable way to protect them from bad weather, so I ... travel during cold or inclement weather. In doing so, it ensures that the user ...
(Date:11/25/2015)... ... November 25, 2015 , ... Privately owned Contract Development ... expansion of its current state of the art research, development and manufacturing facility ... increase its manufacturing capacity as well as to support its clients’ growing research ...
(Date:11/25/2015)... ... November 25, 2015 , ... Students and parents have something to be thankful ... Create Real Impact awards. California Casualty is proud to support the contest ... distracted and reckless driving, the number one killer of young drivers. , Almost ...
(Date:11/24/2015)... Mississauga, ON (PRWEB) , ... November 24, 2015 , ... ... Deborah Williams without a referral for dental implants at her Mississauga, ON ... qualified and experienced in the placement of dental implants. , Missing teeth can ...
(Date:11/24/2015)... ... November 25, 2015 , ... Catalent ... for drugs, biologics, consumer health and global clinical supply services, today announced that ... Clinical Trial Supply East Asia Conference, to be held at the InterContinental Seoul ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... 25, 2015 Endo International plc (NASDAQ: ENDP ... , President and CEO, will discuss corporate updates at the ... New York on Wednesday, December 2, 2015 ... on Investor Relations, and then the link to the event. ... start time to visit the site and download any streaming ...
(Date:11/25/2015)... 2015 Asia -based ... BioLight and the New Investors will make a direct ... a private placement. The financing will help IOPtima to ... used in the treatment of glaucoma, as well as ... IOPtimate™ system with the U.S. Food and Drug Administration, ...
(Date:11/25/2015)... 2015 - Will Also Offer ... (CME) --> - Will Also ... (CME) --> - Will ... Medical Education (CME) Elsevier , a ... will feature latest diagnostic imaging textbooks and decision support tools, as ...
Breaking Medicine Technology: