Medical Fund Administration Solutions

RISING has brought together all the critical aspects of medical fund administration into a single solution. For the first time, a powerful medical cost containment program combined with the stability of financial management is available from the same service provider. Whether you're seeking a professional administrator for Workers' Compensation medical settlement funds or looking to support an injured worker who will self-administer their Medicare Set Aside (MSA) funds, RISING is uniquely positioned to assist in your endeavors.

For assistance determining if MSA Professional Administration or Self-Administration Support is needed for your particular case, RISING has developed a proprietary MSA Administration Recommendation Tool that will provide an online recommendation for administering the MSA settlement funds.

>> Medicare Set Aside (MSA) Administration Services

Professional Administration - MSA Custodial Accounts & Medical Custodial Accounts:

A MSA Custodial Account is established for the professional administration of MSA funds. RISING’s MSA Custodial Account administration services fully adhere to the numerous standards sanctioned by CMS. These standards include proper bank account establishment, accurate bill repricing of Medicare-allowable medical expenses, appropriate provider disbursements, and submission of the necessary reporting on account activity. RISING’s professional administration of MSA Custodial Accounts protects beneficiaries’ future Medicare benefits and protects payers and attorneys from potential actions by Medicare.

RISING also provides professional administration of medical settlement funds that fall outside of CMS requirements. These Medical Custodial Accounts are established namely for non-Medicare allowable medical expenses (in conjunction with an MSA Account) or for Workers’ Compensation settlement cases that do not involve Medicare.

Contact us at medadmin@risingms.com to learn more about RISING’s Professional Administration services or, to make a referral, please complete our Medical Fund Administration Referral Form.

Self-Administration Support - MSA Accounts:

There are certain times when professional administration of an MSA Account is neither required nor the most effective solution for managing injury settlement funds. In these instances, RISING can provide those who self-administer access to the necessary resources, forms and knowledge to manage an MSA Account pursuant to CMS requirements. More importantly, Rising’s services provide beneficiaries with an improved comfort level about self-administering an MSA account, thus enhancing the ability of payers and attorneys to protect beneficiaries and themselves from potential future negative repercussions.

Contact us at medadmin@risingms.com to learn more about RISING’s Self-Administration Support services or, to make a referral, please complete our Medical Fund Administration Referral Form.