Connolly, Inc
| Company type | Private |
|---|---|
| Industry | Recovery auditing |
| Founded | 1979 |
| Founder | James Connolly |
| Headquarters | Wilton , United States |
Key people | Libby Connolly Alexander (CEO) |
Number of employees | 1200+ |
Connolly, LLC (previously known as Connolly, Inc.) operates as a privately held, international recovery audit organization employing more than 1,200 professionals across two main sectors: Global Retail and Healthcare. Its corporate headquarters are located in Wilton, Connecticut.
Recovery Auditing
Recovery auditing focuses on reclaiming funds that businesses and government entities have inadvertently disbursed to suppliers, vendors, or service providers. Common mistakes include duplicate billing, overlooked discounts, and inaccurately processed medical claims. These types of payment errors frequently occur within large enterprises and can represent between less than 1% up to 8% of total spending.
History
The company was established in 1979 by James Connolly, who previously held an executive role at Gimbels. Originally named Connolly Consulting Associates, it initially concentrated on retail clients. During the early 1990s, the firm broadened its reach beyond retail, and by the late 1990s, it had incorporated healthcare medical claims auditing into its services. Leadership was under Larry Connolly from 1991 until his retirement in 2012. Presently, Libby Connolly Alexander serves as CEO.
Divisions
The Healthcare Division assists both commercial insurers and government payers by detecting inaccurate healthcare claims. Since 2005, Connolly has functioned as a Recovery Audit Contractor (RAC) for the Centers for Medicaid and Medicare Services (CMS).
Connolly’s Retail Division provides services to 19 out of the top 20 U.S. retail companies.