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Corvel Corp. - CRVL STOCK NEWS

Welcome to our dedicated news page for Corvel (Ticker: CRVL), a resource for investors and traders seeking the latest updates and insights on Corvel.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Corvel's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Corvel's position in the market.

Rhea-AI Summary
CorVel Corporation (CRVL) responds to the growing demand for vocational evaluation services post-pandemic by establishing a 'center of excellence', offering virtual and in-person services nationwide. The focus is on aiding companies in returning injured employees to work safely and efficiently through various assessments and research tools.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
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none
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Rhea-AI Summary
CorVel Corporation (CRVL) has been Certified™ by Great Place To Work® for the 4th consecutive year, showcasing a commitment to employee satisfaction and a positive work environment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
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none
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News
Rhea-AI Summary
CorVel Corporation (NASDAQ: CRVL) reported a strong financial performance for the quarter and nine months ended December 31, 2023, with revenues increasing to $202 million and $588 million respectively. Earnings per share also saw growth, reaching $0.99 for the quarter and $3.27 for the nine-month period. The company achieved a 34% increase in new business sold and demonstrated strong customer retention rates of 95% for Gross Revenue Retention and 108% for Net Revenue Retention. CorVel's innovative use of advanced technology and AI initiatives has led to increased efficiency and effectiveness in its payment integrity services and claims teams, contributing to improved user experience and results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.5%
Tags
earnings
Rhea-AI Summary
CorVel's CERIS leverages generative AI and machine learning to enhance payment integrity in medical claims, improving efficiency and accuracy. The company pioneers the use of AI and ML to automate tasks, identify fraud or errors, interpret medical language, and summarize data. This advancement allows for increased throughput, accuracy, faster turnaround time, and improved savings ratios for clients, ultimately leading to higher job satisfaction and improved outcomes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.12%
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none
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News
Rhea-AI Summary
CorVel Corporation (NASDAQ: CRVL) announced its Q3 2023 results, reporting revenues of $196 million, a 10.7% increase from the same quarter last year. Earnings per share for the quarter were $1.15, compared to $0.83 in the prior year. Revenues for the six months ended September 30, 2023, were $386 million, a 9% increase from the same period in 2022. The company experienced balanced growth in Network Solutions and Patient Management business. Investments in technology and operational excellence are well received in the market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags
earnings
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Rhea-AI Summary
CorVel Corporation has announced the promotion of Jeff Gurtcheff to Chief Claims Officer. Gurtcheff will oversee workers’ comp and liability claims operations, lead technology innovation, and launch new products and services. Gurtcheff has experience in machine learning and generative AI.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
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none
Rhea-AI Summary
CorVel Corporation releases new Generative AI module to interpret medical records and improve efficiency for adjusters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.75%
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AI
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Rhea-AI Summary
CorVel Corporation launches CorVel University, a national training initiative for claims specialists, focusing on workers' compensation claims management and integrated technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.8%
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none
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Rhea-AI Summary
CorVel Corporation congratulates Randy Jouben for receiving the 2023 Workers’ Comp Risk Management Award for Excellence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.28%
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none
Corvel Corp.

Nasdaq:CRVL

CRVL Rankings

CRVL Stock Data

4.50B
9.08M
46.92%
53.76%
2.12%
Dental Laboratories
Manufacturing
Link
US
Fort Worth

About CRVL

together, let's do more. corvel is a leader of risk and healthcare management solutions to employers, third party administrators, insurance companies and government agencies. we are publicly traded (nasdaq:crvl) and annual revenues exceeded $493 million in fy2015. our continued customer growth is a testament to our financial stability and our significant investments in new systems and technologies allows us to continue to deliver industry-leading solutions to the marketplace. corvel has approximately 3,500 associates who serve more than 2,000 customers through a national branch office network covering all 50 states.