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2016 Annual Report

Chairman & CEO's Shareholder Letter

2016 was a milestone year for Cotiviti. In May, we successfully completed our IPO on the New York Stock Exchange and over the course of the year we generated over $3.7 billion in value for our clients.

David Swift, Chairman of the Board

Douglas Williams, Chief Executive Officer

Letter to Shareholders
Picture of David Swift, Douglas Williams

Company Overview

Cotiviti (NYSE: COTV) is a leading payment accuracy provider that helps healthcare payers and retailers achieve their business objectives by unlocking value from the incongruities the company discovers in the complex interactions customers have with stakeholders. Cotiviti helps clients capture over $3.7 billion annually through improved payment accuracy. Cotiviti provides services to twenty of the top twentyfive largest U.S. healthcare payers and eight of the top ten U.S. retailers.


Cotiviti Healthcare integrated solutions help clients enhance payment accuracy in an increasingly complex healthcare environment. We leverage our robust technology platform, configurable analytics, proprietary information assets and expertise in healthcare reimbursement to help our clients enhance their claims payment accuracy.


Connolly, a division of Cotiviti, is a leading provider of payment accuracy solutions that improve efficiency and effectiveness of payment networks. Retailers process and validate extremely high volumes of transactions with disparate suppliers on varying terms. We work with retail clients in the United States, Canada and the United Kingdom to realize their negotiated allowances, concessions, rebates and other incentives associated with merchandise procurement, logistics and other service transactions.

Our Directors

Picture of David Swift

David Swift, 2014, Chairman

Executive Business Partner, Advent International Corporation

Picture of J. Douglas (Doug) Williams

J. Douglas (Doug) Williams, 2014

Chief Executive Officer, Cotiviti Holdings Inc.

Picture of Elizabeth (Libby) Connolly Alexander

Elizabeth (Libby) Connolly Alexander, 2012

Retired, former Chief Executive Officer of Connolly, LLC

Picture of Mala Anand

Mala Anand, 2016

President of Analytics, SAP SE

Picture of J. Lawrence (Larry) Connolly

J. Lawrence (Larry) Connolly, 2012

Retired, former Chief Executive Officer of Connolly, LLC

Picture of Kenneth Goulet

Kenneth Goulet, 2015

Retired, former Executive Vice President, Anthem Inc.

Picture of Ruben J. King-Shaw

Ruben J. King-Shaw, Jr., 2016

Managing Partner and Chief Investment Officer, Mansa Capital, LLC

Picture of John Maldonado

John Maldonado, 2012

Managing Director, Advent International Corporation

Picture of James (Jamie) Parisi

James (Jamie) Parisi, 2015

Retired, former Chief Financial Officer, CME Group Inc

Picture of Christopher Pike

Christopher Pike, 2012

Managing Partner, Advent International Corporation

Picture of Douglas Present

Douglas Present, 2012

Retired, former Chief Executive Officer, Managed Health Care Associates, Inc.

Investor Information

Annual Meeting

Thursday May 25, 2017

Investor Relations

Jennifer W. DiBerardino
Vice President, Investor Relations
(203) 642-0718

Executive Office

The Terraces South
115 Perimeter Center Place
Suite 700
Atlanta, Georgia 30346
(770) 379-2800

(1)Adjusted EBITDA is a non-GAAP measure. For a reconciliation of the most directly comparable GAAP measure refer to page 52 of the Annual Report on Form 10-k for the year ended December 31, 2016.