Connolly, Inc. is a private, global recovery audit firm with more than 750 employees headquartered in Atlanta Georgia. The firm’s marketing, IT, finance, and HR functions, as well as its main data center, are located in Wilton, CT. Recovery auditing is a financial best practice recognized by leading organizations worldwide for reducing erroneous payments, improving processes, and enhancing performance. Connolly’s clients include many of the world’s largest and best run companies in virtually all industries.

Recovery Auditing

Recovery auditing involves recouping the millions of dollars each year that companies and government agencies have erroneously paid to suppliers, vendors, and providers. These errors can include duplicate payments, missed discounts, incorrectly coded medical claims, and more. These types of improper payments are endemic to most large organizations and can range from less than 1% to as much as 8% of expenditures.

History

Connolly was founded in 1979 by James Connolly, a former executive at the Gimbels department store, and was initially known as Connolly Consulting Associates. The company’s initial focus was on retailers, but the business was expanded to non-retailers in the early 1990s, and to healthcare medical claims auditing in the late 1990s. Larry Connolly assumed leadership of the company in 1991 and remains the CEO today. Larry’s sister Libby Connolly Alexander assumed leadership of the company’s healthcare division in 2007.

Divisions

Connolly’s Healthcare Division serves commercial and government payers in the identification of erroneous healthcare claims. The company has also worked for the Centers for Medicaid and Medicare Services (CMS) as a Recovery Audit Contractor

Recovery Audit Contractor

The Recovery Audit Contractor, or RAC, program was created through the Medicare Modernization Act of 2003 to identify and recover improper Medicare payments paid to healthcare providers under fee-for-service Medicare plans...

(RAC) since 2005.

Connolly’s Retail Division serves 18 out of 20 of the U.S.’s top retailers and assists. The Commercial Division assists clients with overpayments in the area of accounts payable as well as contract compliance.

Awards

Connolly was selected in 2008, 2009, and 2010 as one of Inc. magazine’s 5000 Fastest Growing Private Companies in America.

Connolly was recognized in 2010 and 2011 as one of the Best Places To Work in Connecticut by the Hartford Business Journal