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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 man
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SOURCE Rising Medical Solutions, Inc.
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