CHICAGO – Rising Medical Solutions, Inc., has launched a new online portal designed to help payers, patients and providers better understand healthcare transactions.

Rising VISION 2.0, once integrated, will allow payers to access feature functions specifically designed for health insurance agencies.

 "With this release, Rising is only scratching the surface of our revolutionary plans for this solution," said company CEO Jason Beans. "Not only do we have new technologies in our development cycle for payers, but we also will be rolling out comprehensive tool sets for Rising's provider and patient constituents in 2009. Our ultimate goal with Rising VISION is to radically simplify traditional medical transaction methodologies and therefore take the pain out of the healthcare process for all parties involved in the system."

Company executives say VISION was developed to help reduce the review and approval cycle for healthcare transactions. It strives to shorten the processes that are involved with patient billing while at the same time providing adjusters and a clear view of the medical claim.

"We were fortunate to be an early adopter of VISION 2.0 and I can confirm that its payer functionality is unlike anything I've experienced in the industry,” said Steve Wood, a claims manager with third party administrator ClaimsOne, “We've only been using the application for four weeks now and already we see the major impact it is having on our claims operations in terms of better, faster and easier decision making."

Company offiicials say the online patient and provider functionalities are expected to be released by the end of this year. The patient portal includes the ability for Medicare Set Aside self-administration parties to access regulatory requirement guidelines, annual filing tools and medical bill repricing resources. The provider portal features include access to electronic remittance advice and electronic payment records, enrollment and W-9 submission tools and e-signature capabilities.