Analytics company to create 45 high-paying jobs
FRANKFORT, Ky. (Aug. 27, 2015) — Gov. Steve Beshear and Louisville Mayor Greg Fischer today announced that Connolly iHealth Technologies will open a facility in Louisville. A leading payment integrity and payment transaction analytics company, Connolly iHealth Technologies will create 45 jobs and invest nearly $3.5 million into the project.
“Louisville has a long history of successful health care companies, and the expansion of Connolly iHealth Technologies will help to build upon that success,” Beshear said. “The company is growing throughout the United States, and I’m excited to know that the commonwealth is going to be part of that growth.”
Connolly iHealth Technologies will move into a new state-of-the-art facility in the Meidinger Tower. The additional jobs will add to an employee base of 140 financial services team members already working in Louisville. In addition to its expansion in Louisville, the company recently opened a health care office in Salt Lake City that will provide up to 145 long-term STEM jobs serving health care clients in the western U.S.
“The expansion of Connolly iHealth Technologies is a great addition to Louisville’s thriving lifelong wellness and aging care sector and complements our innovative approach to increasing our technology-based workforce,” Fischer said. “The high-wage, STEM-based jobs created by this expansion will help Louisville increase its strength as an industry leader in health technology.”
The company helps clients contain costs, lower administrative burdens, improve payment accuracy, and leverage analytic and clinical resources. It serves nearly 100 clients through 50 offices located in four countries and across three continents. Reviewing more than 2 trillion transactions each year, the Connolly saves clients in excess of $2 billion annually. Clients include 20 of the top 25 health care payers and nine of the top 10 retailers in the U.S., as well as Medicaid managed care in 35 states.
“We unlock hidden value for our clients, delivering superior results for them through our talented team and effective technology processes,” said Doug Williams, CEO of Connolly iHealth Technologies. “Expanding our team in Kentucky is good for our clients, good for the economy of Kentucky, and good for us. We are very excited to be taking this next big step in the Bluegrass State.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $850,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, Connolly iHealth Technologies is eligible to receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 4,100 Kentucky companies.