Connolly, LLC (formerly Connolly, Inc.) is a private, global-recovery audit firm with more than 1,200 employees, and two divisions Global Retail and Healthcare. The company is headquartered in

Wilton, Connecticut Wilton is a New England town, town in Fairfield County, Connecticut, United States. As of the 2020 United States census, 2020 census, the town population was 18,503. The town is part of the Western Connecticut Planning Region, Connecticut, Wester ...

Recovery Auditing

Recovery auditing involves recouping the money that companies and government agencies have erroneously paid to suppliers, vendors, and providers. These errors can include duplicate payments, missed discounts, and incorrectly coded medical claims. 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 Gimbel Brothers (known simply as Gimbels) was an American department store corporation that operated for over a century, from 1842 until 1987. Gimbel patriarch Adam Gimbel opened his first store in Vincennes, Indiana, in 1842. In 1887, the comp ...

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, retiring in 2012. Libby Connolly Alexander is the CEO.

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

(RAC) since 2005. Connolly’s Retail Division serves 19 out of the top 20 U.S. retailers.

References

{{Reflist, 2 Companies based in Atlanta Accounting firms of the United States Financial services companies established in 1979 Privately held companies based in Georgia (U.S. state) 1979 establishments in Georgia (U.S. state)