Rising Financial Solutions Acquires InTrust's MSA Administration Assets

CHICAGO, Nov. 2, 2011 /PRNewswire/ -- MSA Administration company Rising Financial Solutions, a sister company of Rising Medical Solutions, recently acquired the MSA Custodial Account assets of InTrust Services – an MSA Administration company headquartered in Lake Mary, Florida.

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Together, the two companies will join their expertise to spearhead new innovations in the MSA industry, with Rising acting as the Professional Custodial Account Administrator for all existing and new MSA member accounts. This shift of duties will enable InTrust's CEO Robert Barson to focus on implementing some of his best ideas into fully functional solutions.

"We are excited to add Robert's MSA Administration wisdom to our team," says Rising CEO Jason Beans, a recent Patient Advocacy awards finalist for the industry's first MSA Administration Web Portal. "Bringing advances in technology, efficiencies and protection to all MSA settlement parties is the collective vision of both our organizations."

It's Rising's even-handed approach that appealed to InTrust. "Rising has in place not only the infrastructure, medical cost containment capabilities and people to make significant headway in MSA Administration, but also a culture of doing what's right," says Robert Barson. "That combination is hard to find, but essential for making a real impact in a space where so many different parties are involved."

The combined entities create one of, if not the largest, aggregation of custodial accounts being managed in the industry. The companies will debut their single, combined MSA Administration solution at the National Workers' Compensation and Disability conference in Las Vegas, NV on November 9 and 10. There, attendees can learn how the solution helps maximize claimants' MSA funds, protects Medicare's interests and reduces liability for all settlement parties.

About Rising Financial Solutions LLC

A wholly-owned subsidiary of Rising Holdings Inc. and sister company of Rising Medical Solutions, Rising Financial Solutions is a leading financial management organization that offers Medicare Set Aside (MSA) Trust Account Administration services – both professional administration and self-administration support – as well as other Medicare compliance services to the workers' compensation, auto and liability markets. The company serves clients nationwide, including: payers, attorneys, structured settlement brokers, financial institutions and patients.

About Rising Medical Solutions Inc.

Rising Medical Solutions is a national medical-financial solutions firm that provides medical bill review, hospital bill review and medical cost containment services to the workers' compensation, auto, liability and group health markets. Inc. magazine and the Private Company Index (PCI) rank the Chicago-based company as one of the fastest growing private enterprises in America.

About InTrust Services LLC

InTrust Services is a national consultancy focusing on innovative settlement and post-settlement solutions. For 15+ years, InTrust has worked as an advocate for all settlement parties and has managed over a half a billion dollars of custodial funds. Clients include: Insurance Carriers, Third Party Administrators, Plaintiff and Defense Counsel, Structured Settlement Brokers and injured individuals.

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Jason Beans

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SOURCE Rising Medical Solutions Inc.