Cotiviti Press Releases: 2014 05 15 Connolly Merges w/ iHeath Technologies

FOR IMMEDIATE RELEASE Connolly LLC and iHealth Technologies Merge to Create Comprehensive Payment Integrity Firm May 15, 2014 Representatives from Connolly, LLC and iHealth Technologies recently announced that they have joined together to create the leading pure-play payment integrity vendor. Connolly is the market leader for post-payment recovery audit in the healthcare and retail industries. iHealth Technologies is the leader in payment policy management solutions, providing post-adjudication, pre-payment reviews of medical claims. “Connolly and iHT both have highly recognized brands, strong client relationships and a very strong value proposition to offer to clients,” said CEO Doug Williams. “The merger will drive additional value and service to our clients as we bring the two complementary organizations together, and leverage our collective strengths.” “Solutions like the ones we offer blend business intelligence, technology and highly talented and focused people to help clients improve processes and profitability. Our solutions contain costs, lower administrative burdens, and increase efficiencies,” Mr. Williams said citing the natural cultural fit of Connolly and iHealth Technologies as being as important a fit as the solutions portfolio. The consolidated company will have more than 90 clients including 80% of the top 25 payers, and 75% of the largest retailers in the U.S. The company has offices in the U.S., Europe, Canada and India. Founded in 1979, Wilton, Connecticut-based Connolly is the world’s largest privately-held recovery auditing services firm. Connolly processes over 3 trillion payment records each year, recovering nearly $3 billion in overpayments for clients through two lines of business, Healthcare and Global Retail. Connolly also reviews contracts for noncompliance and offers process improvement recommendations that help clients mitigate future financial losses. Founded in 1981, Atlanta, Georgia-based iHealth Technologies’ core business helps clients assure accuracy in their payment policy through a rules-based engine that checks claims for errors related to clinical coding prior to payment. iHT has the market-leading share of the advanced analytics pre-pay market and reviewed $40 billion of claims in 2013.