Navigation Links
Rising Medical Solutions Chooses Bank of America to Bring Enhanced Cash Management and Provider Payment Solutions to the Marketplace
Date:6/13/2008

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.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080206/AQW030LOGO-b)

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 rachel.racz@risingms.com /

877-747-4644, x5893.
Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Jason Beans http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=73105


'/>"/>
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:
*Name:
*Comment:
*Email:
(Date:5/25/2016)... (PRWEB) , ... May 25, 2016 , ... There was a time when tampons and ... going with the flow and turning to menstrual cups, like Lunette . To make ... is introducing their new anthem in this catchy video ! , It’s easy ...
(Date:5/25/2016)... ... 25, 2016 , ... Dr. Travis Schwarz is an experienced dentist who leads ... MO 63366. He serves patients of all ages with a full menu of dental ... is reflected in the superior patient reviews that he has consistently earned during his ...
(Date:5/25/2016)... , ... May 25, 2016 , ... ... services and products in the developing world, is pleased to release their 2015 ... over 5 million unwanted pregnancies, almost 14,000 maternal deaths and 3.8 million unsafe ...
(Date:5/25/2016)... ... May 25, 2016 , ... ... its annual Medical and Prescription Drug survey , an employee benefits ... survey, which was conducted in December 2015, indicates that employers are turning to ...
(Date:5/25/2016)... (PRWEB) , ... May 25, 2016 , ... "FCPX LUT ... quality of your footage," said Christina Austin - CEO of Pixel Film Studios. ... can quickly and easily add stylish color grades to their footage. A LUT is ...
Breaking Medicine News(10 mins):
(Date:5/25/2016)... Deutschland und GERMANTOWN, Maryland , ... Zusammenarbeit mit Therawis bedient dringenden ...   QIAGEN N.V. (NASDAQ: ... bekannt, eine Lizenz- und Entwicklungsvereinbarung mit Therawis Diagnostics ... die Onkologie eingegangen zu sein. Ein erstes Projekt ...
(Date:5/25/2016)... 2016  Zymo Research Corp. announced today the ... materials that help researchers obtain the most accurate ... The rapid growth of the study of microbiomes ... standard methods to improve the reproducibility and quality ... at every step of the measurement process including ...
(Date:5/25/2016)... , May 25, 2016 ... Size, Share, Development, Growth and Demand Forecast to 2022 ... Insulin Pump and Others)" published by P&S Market Research, ... $9,998.3 million in 2015, and it is expected to ... on type, the insulin pump segment is expected to ...
Breaking Medicine Technology: