News

Read the latest Connolly news and press releases to find out more about what’s happening in recovery auditing.

CONNOLLY ACHIEVES INC. 5000 FOR FIFTH CONSECUTIVE YEAR

August 21, 2012
For the fifth consecutive year, Inc. magazine today ranked Connolly, Inc. as one of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.         Full Article...

Connolly Offers Healthcare Payers Cost Control Assistance

June 18, 2012
Connolly, Inc. has published a white paper that provides advice to assist healthcare payers in cutting costs and generating savings. The white paper, entitled “Reducing Specialty Drug Expense through Identification and Elimination of Claim Payment Errors,” gives specific insight into how post-payment recovery audits can help reduce specialty drug expenses.         Full Article...

Advent Agrees to Invest in Connolly, Inc.

June 13, 2012
Advent International, the global private equity firm, today announced it will make a strategic growth investment in Connolly, Inc., a leading provider of technology-enabled recovery audit services in the United States, Europe and Canada.         Full Article...

Connolly Property Audits Ensure Lease Term Adherence According to Connolly, Inc. White Paper

February 8, 2012
In a paper titled “Property Audit – Assuring confidence in the adherence to negotiated lease terms by identifying payment errors and recovering funds,” Connolly explains how delaying a property audit initiative will make it harder to recover overpayments. Property audits can help property directors, property managers and finance directors avoid contract adherence oversights resulting in overcharges when dealing with the purchase, lease and maintenance of a business’s commercial property.         Full Article...

Connolly Freight audits improve predictability of retail operations According to Connolly White Paper - A New Connolly Leadership Discussion

February 1, 2012
In a paper titled “Retail Freight Guidelines - Ensuring predictability of operations by monitoring compliance with routing guides and driving continuous process improvement”, Connolly explains how a regularly scheduled and comprehensive freight auditing is integral to the enforcement and maintenance of a company’s freight routing guide. “By understanding where routing exceptions occur, retailers can better manage their core carrier programs, recover shipping overpayments, and use empirical data to establish the optimal business rules for their operations” says James Stoia who oversees Connolly’s Freight Center of Excellence.         Full Article...

Connolly Showcases Pharmacy Recovery Audit Expertise – Thought Leadership White Paper Offers Insight into Industry Complexities

November 10, 2011
Connolly, Inc., the world’s largest privately held recovery audit firm, has released a thought leadership white paper geared to assist chain pharmacies in their battle against supply shortages and other disruptions. In the release, Connolly explains how adopting a set of best practices can curtail what ends up being an expensive and time consuming inevitability for most chain pharmacies; obtaining substitutions due to prescription drug supply shortages. “There are some things pharmacies can do to protect themselves against events beyond their control which otherwise would negatively affect them financially,” says Gary Giger, Connolly Principal and pharmacy subject matter expert.         Full Article...

Connolly Leads Global Discussion on Contract Compliance

November 8, 2011
Brussels, BE - Bob Donohue, Connolly’s Executive Vice President for its Commercial Division led a master class today at ProcureCon 2011 entitled “Best practice in contract compliance to get real value from your suppliers.” Attended by an international gathering of senior procurement professionals from companies spanning multiple industries, the discussion covered numerous topics ranging from Contract risk assessment within the context of enterprise risk management to Education and training programs for Procurement teams regarding: contract management and performance audits. According to Mr. Donohue, “the session provided a forum for leading companies to exchange ideas and learn more about the untapped value they can generate from contract compliance audits.”         Full Article...

Connolly Hosts Top US Retailers at Signature Event: PEAKS Summit

October 31, 2011
Connolly, Inc., the world’s largest privately held recovery audit firm, held its fifth annual signature Retail event October 19 – 21, in Miami, Florida. The PEAKS (Post-audit Expertise And Knowledge Sharing) summit is a forum for the exchange of key audit concepts, discussions of new business opportunities, and networking. Connolly provides recovery auditing services for 19 of the top 20 U.S. Retailers, many of whom attend the annual event. Connolly also provides recovery auditing services through its Healthcare and Commercial lines of business.         Full Article...

Connolly Does Well While Also Doing Good

September 7, 2011
“Connolly employees are showing a higher-than-ever level of commitment to their work, while also taking actions to support the charitable causes they believe in,” said CEO Larry Connolly of Connolly, Inc. the world’s largest privately-held recovery audit firm. “Employee morale and output is terrific and our fiscal half year numbers look great.” The company, comprised of nearly 900 employees, performs recovery auditing services for the largest and best-run companies in the world. Included for the fourth year on the Inc. 5000 list of the fastest growing private companies in America, it has also twice been named a “Best Places to Work” company.         Full Article...

Connolly Achieves Inc 5000 for Fourth Consecutive Year

August 23, 2011
Inc. magazine today released its annual Inc. 5000 exclusive listing of the nation's fastest-growing private companies, which once again includes recovery audit firm Connolly, Inc.. The list represents a comprehensive look at an important segment of the economy—America’s independent entrepreneurs. According to Inc., the companies on this list have created 350,000 jobs in the past three years. Aggregate revenue reached $366 billion, up 14% from last year.         Full Article...

Connolly Declares Green Day

August 5, 2011
Connolly, Inc., the largest privately held recovery audit firm in the world, launched a “Green” Day aimed at curtailing waste and cleaning up the environment. “The day is designed to encourage conservation of natural resources by eliminating waste and pooling resources,” said Marketing Manager Susan Meller who initiated the effort along with HR Manager Mitch Podob. Both work at the Audit Support Center in Wilton, CT.         Full Article...

Wilton Y Computer Lab Dedication

June 3, 2011
The Wilton Family Y now has a dedicated computer room for children in its afterschool Neighborhood Club program as a result of the donation of refurbished laptop computers from the Wilton office of Connolly, Inc., a recovery audit firm. A ribbon cutting was held on May 25 and was attended by Connolly CEO Larry Connolly, COO Libby Alexander, and Executive Vice President Robert Alexander , along with Y staff and Board members. The donation is part of Connolly’s philanthropic endeavors to give back to the local community through their Wilton based Employee Activity Committee.         Full Article...

Connolly Participates in Red Cross Veterans Campaign

May 25, 2011
Connolly, the largest privately held recovery audit firm in the world, participated in the American Red Cross’s “Thank You Cards for Veterans” campaign. On Thursday, May 5, the nearly 200 employees of the firm’s Audit Support Center in Wilton, CT queued up to sign cards with personal messages thanking veterans for their service. All of the personalized cards were delivered to veterans hospitals on Armed Forces Day, May 21.         Full Article...

Connolly Named to The Governor's Prevention Partnership

May 1, 2011
Partnership as a result of the efforts of five Connolly employees, and an employee’s spouse.         Full Article...

Connolly Employees and Owners Donate More than $30K to Japan’s Relief Efforts

April 28, 2011
Connolly employees and the company’s owners donated more than $30,600 to ease the suffering caused by the March 11 earthquake in Japan. Connolly offered a way for employees to pool contributions and set a goal of $3,000 to be raised over ten days. Donations by employees totaled $15,321 instead which was matched by Connolly’s owners. Connolly selected the American Red Cross as conduit for the funds, and they gratefully accepted the donation on April 25, 2011. “This is a beautiful donation,” said David Wolff, Chief Development Officer of the Connecticut Chapter. “We want you to know that 100% of the funds will go directly to relief in Japan.”         Full Article...

Connolly Named to Connecticut Governor’s Prevention Partnership Honor Roll

April 20, 2011
Connolly was awarded a place on the honor roll of the Connecticut 2010 Governor’s Prevention Partnership as a result of the efforts of five Connolly employees. George Marrazzo, Director of Data Services; Jason Lee, Manager, Data Services; Stephanie Schwartz, HR Generalist I; Mike Spellman, Business Systems Analyst; and Christina Askenback, Data Center Coordinator provide volunteer mentoring to students in Norwalk through the Norwalk Mentor Program. Mike Spellman’s wife, Alex, also participates. Mentors choose a student from any grade, kindergarten to twelfth, from one of 19 public Norwalk schools. The mentors spend an hour a week with their assigned charges, playing games, listening to them, or engaging in structured activities. Mentees are identified by their school social workers as being in need of extra help due to self esteem and other issues. The Norwalk Mentor Program recently celebrated “25 Years of Changing Lives” with a celebration at Stepping Stones Children’s Museum which drew more than 400 people.         Full Article...

Connolly an Integral Part of Upcoming IAPP “Fusion Forum”

April 14, 2011
Connolly will play an integral role in the upcoming International Accounts Payable Professionals (IAPP) Forum taking place May 8-12 in Orlando, Florida. Expected to draw more than 2,000 financial operations professionals from the US, the UK and Canada, “Fusion” is the largest conference of its kind in the world. Connolly CEO, Larry Connolly is slated to introduce Cynthia Cooper, the “whistle blower” who exposed WorldCom in 2002, still the largest corporate fraud case in history. Commercial President David Davies will discuss opportunities for managing the cash cycle in the “payments to sourcing” continuum. VP Client Relations Butch Jones will moderate an all day learning lab catering to accounts payable operations. The topic is “Accounts Payable in the Retail Environment,” and leading retailers from across the country will attend. Connolly is well positioned to host this session as the firm provides recovery audit services to 19 of the top 20 U.S. retailers. Connolly is a Diamond Sponsor for the event.         Full Article...

Connolly Taps Former U.S. Secretary of Health and Human Services Donna Shalala as Keynote Speaker at Healthcare Summit

March 9, 2011
Connolly brought in heavy-hitter Dr. Donna E. Shalala, who was Secretary of Health and Human Services under President Clinton, as keynote speaker for Connolly’s Third Annual Healthcare Recovery Audit Summit. She is currently the president of the University of Miami, and the Connolly event took place in nearby Miami Beach. Expounding on one of her favorite topics, the influence healthcare reform has had on the U.S., Shalala wowed attendees at the March 2 -4 event, which also featured presentations by Connolly experts and clients as well as roundtable discussions and breakout sessions for knowledge sharing. Connolly’s healthcare line of business has skyrocketed in recent years, due in part to the CMS RAC (recovery audit contract) awarded as a result of the Tax Relief and Health Care Act of 2006. Connolly’s contract covers 39% of the U.S.         Full Article...

Connolly Achieves Another Record Revenue Year in 2010

March 3, 2011
“Connolly, Inc. closed out another record revenue year in 2010, topping the $150 million plateau for the first time ever,” said CEO Larry Connolly. The Atlanta-based recovery audit firm maintained its five-year revenue compound annual growth rate (CAGR) of 20 %-plus through a combination of organic growth, new services, and new clients. In 2010, Connolly also recovered over $ 1 billion for its clients for the first time ever, as new hires swelled the employee ranks to over 750.         Full Article...

Connolly Managers Meeting Unites Staff and Leaves Charitable Imprint

February 10, 2011
Connolly held its annual Managers Meeting January 31 – February 2, drawing more than 100 Connolly staff from around the United States, the UK and Canada. The meeting provided a way for the widely dispersed and highly mobile staff to connect with each other, get plugged into new strategic objectives and goals, and celebrate the achievements of the past year. This year, it also left a charitable imprint on some of Miami’s needy children.         Full Article...

Connolly Recognized as One of the Best Places to Work in Connecticut

January 25, 2011
Connolly has been named for the second year in a row as one of the “Best Places to Work in Connecticut.” In an awards program executed by Hartford Business Journal and the Best Companies Group, the Audit Support Center in Wilton was recognized for its workplace excellence, as determined through employee and employer questionnaires and interviews. The recognition attests to Connolly’s Employer of Choice status, which is reflected in the company’s ability to attract and retain the best workers in the industry. This is due to the company’s challenging and rewarding work environment. and competitive compensation and benefits programs. The actual ranking among the top 25 awardees will be revealed at an awards ceremony to be held in Hartford, CT on March 24. Last year, Connolly ranked 16th overall statewide.         Full Article...

Connolly Launches New Website

December 2, 2010
Connolly, the largest privately held recovery auditing firm in the world, has launched a new website that reflects the company’s expertise in the areas of Healthcare, Retail, Commercial and Contract Compliance. “The company has been experiencing phenomenal growth since its inception and the new website reflects this growth, particularly as it relates to our individual lines of business,” said CEO Larry Connolly. The firm was founded in 1979 and serves 120 clients in the US, the UK and Canada.         Full Article...

Connolly Sponsors Industry Summit in London, UK

November 29, 2010
Connolly UK recently held a knowledge-sharing summit in London on November 10, and 11 entitled Perspectives. Attended by 32 clients and prospects and featuring industry experts from Europe and the US the Summit provided the opportunity for some of the largest global companies to learn about industry best practices and trends, as well as gain perspective on the industry from industry leaders sharing real business experiences.         Full Article...

Connolly Audit Support Center Donates Laptops and More to Local Nonprofits

November 22, 2010
Connolly, the largest privately held recovery auditing firm in the world, has donated 101 laptops, as well as food and games to local nonprofits. The firm’s Audit Support Center, located in Wilton, Connecticut, donated the laptops to organizations including the Wilton Y, A Better Chance of Wilton, Christian Community Action in Norwalk, The Open Door Shelter in South Norwalk and the Waveny Center in New Canaan. The food and mentoring supplies support the Human Services Council of Norwalk’s school based health center and the Norwalk Mentoring Program. “We believe strongly in giving back to the communities in which we live and work,” said CEO Larry Connolly.         Full Article...

Connolly’s Industry Summit Promotes Knowledge Sharing and Best Practices

November 15, 2010
Connolly, the largest privately held recovery auditing firm in the world, invited retail and commercial clients to Las Vegas for several days of informational presentations given by a variety of professional presenters. The summit, known as PEAKS (Post audit Expertise and Knowledge Sharing), provides clients with a venue for furthering their knowledge about the complex practice of recovery auditing. “The level of Knowledge Sharing that takes place at PEAKS is phenomenal,” said one Connolly client. Presentations ranged from the intricacies of freight auditing to global systems implementation.         Full Article...

Connolly Appoints New Commercial President

October 11, 2010
Connolly, the largest privately held recovery auditing firm in the world, has appointed a new president of its Commercial Division, David Davies. The Commercial Division is one of three divisions at Connolly that also includes Retail and Healthcare. Reporting directly to CEO Larry Connolly, and working out of the Atlanta office, Davies began his tenure October 4, 2010. “David is a seasoned commercial executive with a track record of both top line growth and bottom line improvement,” Larry Connolly said. “He will assist the company with increasing scope and adding services at existing clients among other goals.”         Full Article...

Connolly is Again Ranked Among the Fastest Growing Private Companies in America

August 20, 2010
This is the third consecutive year recovery auditing firm Connolly has been included on the prestigious Inc. 5000 list of the fastest-growing private companies in America. The list represents a comprehensive look at an important segment of the economy – America’s independent minded entrepreneurs. “The leaders of the companies on this year’s list have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. President Bob La Pointe. “It’s a reflection of the hard work of our entire group of employees,” said CEO Larry Connolly.         Full Article...

Connolly Sponsors Event for Food Executives in Dallas

June 1, 2010
Connolly, a worldwide leader in recovery auditing, sponsored an event for food executives at the 60th Annual Food Marketing Institute (FMI) conference in Dallas, Texas. CFO’s and controllers of major food stores attended the event which took place in early May. Connolly VP Client Relations, Butch Jones, said, “This is one of the few venues that are exclusively for high level financial leaders in this segment of retailing. It’s an excellent opportunity for Connolly to make connections.” Connolly provides recovery auditing for numerous major food companies among its retail clients.         Full Article...

Connolly Ranked as one of the Best Places to Work

May 30, 2010
Connolly was ranked as one of the 'Best Places to Work in Connecticut'. The annual ranking is sponsored by the Hartford Business Journal and the Best Companies Group, and includes a survey assessment of employees and management to rank companies in the areas of company culture, benefits, and overall employee satisfaction.         Full Article...

Connolly Hosts Accounts Payable Learning Lab at IAPP 2010

May 17, 2010
Connolly hosted The Learning Lab for Accounts Payable Professionals during FUSION 2010, the International Accounts Payable Professionals (IAPP) forum which took place in Dallas, Texas, May 9-13. IAPP is an association committed to the advancement of accounts payable professionals. The Learning Lab is designed to promote Accounts Payable benchmarking among retailers, drive process improvement and impart knowledge from subject matter experts.         Full Article...

Connolly EVP Merrill Interviewed on Future of Recovery Auditing

May 11, 2010
Featured in the May issue of AP Matters, Connolly EVP John Merrill said the future of Recovery Auditing is toward increased sophistication requiring ever more experienced auditing and IT professionals. “Even though software has eliminated the easy low hanging fruit that recovery auditing typically encountered 35 years ago, technology will never fully replace the complex multi-faceted services Connolly offers,” he said.         Full Article...

Connolly Headquarters Moves Up

May 6, 2010
Connolly, a worldwide recovery audit firm with headquarters in Atlanta, Georgia has moved up 21 floors in the building the currently occupies in Buckhead, effective Saturday, May 1. “In response to our tremendous expansion of organic double digit growth, we are moving to larger space,” said CEO Larry Connolly. Connolly currently provides recovery auditing services to 120 clients in the areas of Retail, Commercial and Healthcare and enjoys a 97% Customer Satisfaction and Loyalty rating. The company employs more than 700 auditors and audit support staff and has offices in the US, the UK and Canada.         Full Article...

Connolly Helps Refine Microsoft Products

March 30, 2010
Connolly’s enviable position as the largest private recovery audit firm in the world is due in part to the constantly evolving technology that keeps it on the cutting edge. This technology, which results in part from Connolly’s strategic partnership with Microsoft, provides the data analysts, auditors and support services staff with the means to speed processes. It also helps the organization cut costs. Recently Connolly participated in beta testing the 2010 Microsoft suite of Products that includes SharePoint, Office, Visual Studio and SQL Server. Feedback from Connolly helped mold the final product and was beneficial to both entities. “Having the information and access to the products gave us a huge head start in implementing the system,” said CIO Mike Matloub.         Full Article...

Connolly Celebrates 31 Years in Recovery Auditing

February 23, 2010
Connolly announced today that it is celebrating 31 years in the recovery audit business, having been founded in 1979 by Jim Connolly, a former president of Gimbels. The company, which is headquartered in Atlanta, Georgia, has offices throughout the US, and in the UK and Canada. Employing more than 700 auditors and audit support staff, the firm provides services for more than 14 industry verticals in the areas of Healthcare, Retail and Commercial. With a 97% customer satisfaction and loyalty rating, and consistent double digit growth, Connolly is the largest private recovery audit firm in the world and is well positioned for the future.         Full Article...

Connolly Healthcare Holds Recovery Audit Summit

February 6, 2010
Connolly Healthcare’s Recovery Audit Summit was held over a three day period, February 3 – 5, in Naples, Florida. Attended by Connolly Healthcare clients and prospects representing more than a dozen health plans and payers from around the country, the Summit agenda included presentations from healthcare industry analysts and Connolly experts who provided insight into the future of healthcare insurance and managed care. The Editor-in-Chief of Health Affairs, Susan Dentzer, spoke about the impact of Health Care Reform, and Mike Sick, President, Connolly Healthcare moderated an interactive panel where leaders from three different health plans gave insight into specific challenges they face. Lori Aronson, Principal, Connolly Healthcare, spoke on Contract Compliance Auditing and Jim West, VP Data Services spoke about the importance of Data Analytics for Improving Audit Quality. Attendees were extremely satisfied with the Summit as evidenced by follow-up surveys.         Full Article...