CAB Receivables Management Experiences Steady Growth; Customization Brings Results for New Clients

CHARLESTON, S.C. – With the hiring of its new Chief Operating Officer (Chris Williams) as well as the new Executive Director of Business Development (Chuck Hobbs), CAB Receivables Management (www.cabrmc.com) is anticipating continued growth in a weak economy.

In the past 45 days, Kelly Molony, President of CAB Receivables Management, has been customizing best practices for its clients that traditionally have never thought of using an Extended Business Office / Early Out process.

“With our new management team we have the luxury of being able to customize individual programs for our clients,” stated Molony. This type of flexibility has created new clients, which creates new jobs. “This is an exciting time for CAB Receivables Management. By creating new jobs for the local community and creating solutions for our customers, it is fun to watch,” mentioned Molony.

CAB Receivables Management’s company-wide professionalism impressed Newberry Physicians, a physician network managed by Newberry County Memorial Hospital located in South Carolina. CAB Receivables Management will be handling their Extended Business Office / Early Out process. Newberry Hospital has been using CAB for several years and has experienced a significant cash flow increase on their self-pay accounts. Their cash flow success has led them to inquire about other CAB services. Another hospital that has chosen CAB is Rutherford Hospital, a Top 100 National Hospital. Duke University Hospital is the only other hospital to share that distinction with RHI from North or South Carolina. Providing a wide variety of inpatient, outpatient and emergency services, Rutherford Hospital also makes compassion, patient satisfaction and customer service it highest priority.

CAB Receivables Management is pleased with the response to launching new products and will continue to build on the overall vision of the company in 2010.

For additional information regarding CAB, contact Chuck Hobbs @ 800-233-4674 ext. 2007.

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