CorVel

CorVel Corp. engages in the provision of workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies. It operates through the Managed Care segment. The company was founded by V. Clemons Gordon Sr. in 1987 and is headquartered in Irvine, CA.

Earnings data Q4 2021

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CorVel reports strong Q3 earnings, invests in AI technologies

CorVel's Q3 performance reflects growth in revenues and earnings, supported by a focus on quality and consistency in operations.
The company's strengths lie in industry recognition, stable financial foundation, and successful investments in system enhancements.
Challenges include market sensitivity, mental health impacts, and the need for ongoing digital transformation refinement.
Opportunities exist in AI-driven solutions, automation, and efficiency improvements to drive future growth and competitiveness.

CorVel reports robust Q3 earnings, invests in AI solutions

CorVel's Q3 2024 performance reflects strong revenue growth and profitability, driven by successful initiatives in key market segments.
Strategic investments in technology and workforce optimization underscore the company's commitment to innovation and operational excellence.
Challenges in transaction volume and staffing highlight areas for improvement, while opportunities in AI solutions and mental health initiatives offer avenues for future growth.

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CorVel Corp. engages in the provision of services to employers and payors in the risk management and insurance services arenas, including workers' compensation, general liability, auto liability, and hospital bill auditing and payment integrity. It operates through the Patient Management Services and Network Solutions Services segments. The Patient Management Services segment includes claims administration, utilization review, medical case management, and vocational rehabilitation. The Network Solutions Services segment consists of fee schedule auditing, hospital bill auditing, coordination of independent medical examinations, diagnostic imaging review services, and preferred provider referral services. The company was founded by V. Clemons Gordon Sr. in 1987 and is headquartered in Fort Worth, TX.

CorVel Corporation (CRVL) CEO Michael Combs on Q1 2021 Results - Earnings Call Transcript

IRVINE, Calif., May 05, 2021 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL), a national provider of risk management solutions, has been approved by the Maryland Board of Nursing as the only certified Workers' Compensation Case Manager (WCCM-RN) training program in the state. The state of Maryland recognizes WCCM as a specialty practice within the nursing field because the position requires advanced knowledge and skills to act as a patient advocate while navigating the workers' compensation process.

Maryland Board of Nursing Approves CorVel as Provider of Workers' Compensation Case Management Certification for Specialty Nurses

Industry veteran brings extensive management and operational experience to workers' compensation industry leader Industry veteran brings extensive management and operational experience to workers' compensation industry leader

CorVel Names Joseph Rupp as Area Vice President

CorVel Session Looks at How the Pandemic Pushed Transformation of Care, Next Steps CorVel Session Looks at How the Pandemic Pushed Transformation of Care, Next Steps

Virtual End-to-End Care in Workers' Compensation to be Presented at RIMS

Itemized Bill Review and DRG Validation Are Performed by a Division of a Publicly Traded Company, Independent from Ongoing Market Consolidation Itemized Bill Review and DRG Validation Are Performed by a Division of a Publicly Traded Company, Independent from Ongoing Market Consolidation

CERiS Offers First Prepayment Dual Reviews For Payment Integrity Programs

Industry veteran brings extensive experience to nationwide leader in technology-driven programs for workers' compensation solutions Industry veteran brings extensive experience to nationwide leader in technology-driven programs for workers' compensation solutions

Lori Landon Appointed Vice President of Network Solutions at CorVel Corp.

CorVel's (CRVL) CEO Michael Combs on Q4 2020 Results - Earnings Call Transcript

Workers' Compensation and Other Leave Types, All Managed from a Single Point of Intake

CorVel and ReedGroup Announce Partnership to Offer Integrated Disability Management

The self-administered, FDA EUA test kit adds to CorVel's comprehensive telehealth platform, allowing employees to get results from the safety of their home, reducing the risk of exposure

CorVel and 1health Partner to Provide At-Home COVID-19 Testing for Essential Workers and Companies

CorVel Corporation (CRVL) CEO Michael Combs on Q3 2020 Results - Earnings Call Transcript

CorVel Corporation's (CRVL) CEO Michael Combs On Q3 2020 Results - Quick Version Earnings Call Transcript

IRVINE, Calif., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Vasantha Prammagnanam, Vice President of Information Systems at CorVel Corporation (NASDAQ: CRVL), has been named a winner of the 2020 Women to Watch award by Business Insurance. The award program, which began in 2006, recognizes women leaders doing outstanding work in risk management and commercial insurance.

CorVel's Vasantha Prammagnanam Wins Business Insurance 2020 Women to Watch Award

IRVINE, Calif., Sept.  22, 2020  (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) was named Third Party Association Team of the Year at the Business Insurance U.S. Insurance Awards on September 10 for its innovative work with the State of Tennessee. The award honors teams of professionals that accomplish major achievements and demonstrate excellence in the commercial insurance and risk management sector.

U.S. Insurance Awards Name CorVel 2020 TPA Team of the Year

IRVINE, Calif., Sept.  15, 2020  (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) has been recognized by Business Insurance as a winner of the 2020 Innovation Awards for its Virtual Care Services. The awards program, now in its 11th year, recognizes leadership, inventiveness and ingenuity in products and services designed for risk management professionals. 

CorVel’s Virtual Care Services Win 2020 Business Insurance Innovation Award

CorVel Corporation (CRVL) CEO Michael Combs on Q2 2020 Results - Earnings Call Transcript

CorVel is Monitoring Rapidly Emerging Legislation to Keep Employers Informed CorVel is Monitoring Rapidly Emerging Legislation to Keep Employers Informed

CorVel Leverages Integrated Platform to Provide Liability Management as COVID-19 Claims Rise

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New App for Injured Workers Facing Surgery Adds to CorVel’s Case Management Tools New App for Injured Workers Facing Surgery Adds to CorVel’s Case Management Tools

CorVel Expands Virtual Care Management Services and Programs to Facilitate Transition Back to Work During Pandemic

CorVel Corporation's (CRVL) CEO Michael Combs on Q4 2020 Results - Earnings Call Transcript

The Unique Reporting Tool Informs Bill Review Decisions During Rapidly Changing Pandemic The Unique Reporting Tool Informs Bill Review Decisions During Rapidly Changing Pandemic

CERiS Announces New COVID-19 Dashboard for Payers

IRVINE, Calif., May  14, 2020  (GLOBE NEWSWIRE) -- CorVel Corporation, a national provider of risk management solutions, today announced expansion of its provider portal interface, increasing payment options to ensure timely and accurate payment for healthcare providers.

CorVel Announces Improved Payment Process for Payers Using Provider Portal, Ensuring Prompt and Accurate Payment for Front-Line Healthcare Providers

Virtual Care Approach Maximizes Safety for Employees Who May Be Infected and for Injured Workers Required to Shelter in Place Virtual Care Approach Maximizes Safety for Employees Who May Be Infected and for Injured Workers Required to Shelter in Place

CorVel Offers Coronavirus Hotline Plus Complete Virtual Triage and Care for Early Screening and Remote Treatment During Pandemic

Appointment Heralds Expansion of Prospective Review Services for Health Care Payers Appointment Heralds Expansion of Prospective Review Services for Health Care Payers

National Claims Reviewer CERiS Names Mark Johnson as Vice President of Product Management

CorVel Corporation (CRVL) CEO Michael Combs on Q4 2019 - Earnings Call Transcript

CorVel Corporation (CRVL) CEO Michael Combs on Q3 2019 - Earnings Call Transcript

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