Welcome to our dedicated page for Corvel news (Ticker: CRVL), a resource for investors and traders seeking the latest updates and insights on Corvel stock.
CorVel Corporation provides technology-enabled risk management solutions for workers’ compensation and health, auto, and liability programs. The company partners with employers, third-party administrators, insurance companies, and government agencies, combining claims management, bill review, preferred provider networks, utilization management, case management, pharmacy, directed care, and Medicare services.
CorVel news commonly covers earnings releases, financial-performance webcasts, product innovation, and the use of artificial intelligence, machine learning, and natural language processing in claims and care-management workflows. Recent company updates also include the CareMC claims management platform, the CorVel Connected AI-powered claims intelligence layer, workplace recognition, and leadership or product-portfolio developments tied to insurance and risk management services.
CorVel Corporation announced its proactive response to the rise in liability claims due to COVID-19. The company is leveraging its expertise to assist clients with claims related to inadequate PPE, social distancing, and contingency plans. CorVel’s liability division is monitoring emerging legislation on workers' compensation and business interruptions as many states revise laws to address these claims. With a robust system, the company provides tools for effective claims management, ensuring timely support for clients navigating this complex landscape.
CorVel Corporation, a leading provider of workers’ compensation solutions, announced a quarterly earnings release webcast scheduled for August 4, 2020, at 11:30 am EDT, featuring CEO Michael Combs and CFO Brandon O’Brien. This event aims to offer stakeholders insights into the company’s financial performance and strategic direction. CorVel emphasizes its technology-driven risk management processes designed to control costs and improve outcomes for clients, including employers and insurance companies. The company warns of inherent risks that could affect future performance, drawing attention to their SEC filings for detailed disclosures.
CorVel Corporation has enhanced its case management resources in response to COVID-19, introducing virtual tools to support injured workers. Key offerings include virtual wellness checks, telehealth programs, and a customizable app aimed at improving recovery metrics. Previous app results indicate a 57% faster return to work and a 38% reduction in medical costs. Additionally, new employee assessment screenings and education ensure a safe return to the workplace in alignment with CDC guidelines. CEO Michael Combs emphasizes adapting to evolving work environments with proactive strategies for healthcare management.
FORT WORTH, Texas, May 20, 2020 (GLOBE NEWSWIRE) -- CERiS, a division of CorVel Healthcare, has launched a COVID-19 dashboard for insurance clients to enhance payment integrity processing. This tool offers real-time data on COVID-19 cases, locations, and claims, aiding informed decision-making during the pandemic. CERiS aims to reduce unnecessary work for hospitals and ensure accurate reviews continue where possible. The solution helps clients evaluate case-specific information, avoiding broad, assumption-based decisions. CERiS reports significant savings with its services, achieving 62% savings on implant claims.
CorVel Corporation announced its upcoming Fiscal Year Earnings Release Webcast scheduled for May 27, 2020, at 11:30 am EST. The event will be hosted by CEO Michael Combs and CFO Brandon O'Brien. CorVel is a leader in providing workers’ compensation solutions across various sectors, emphasizing technology and early intervention in risk management. The press release also includes a note on forward-looking statements, highlighting risks related to financial performance and stock trends, cautioning investors about potential performance inconsistencies.
CorVel Corporation announced an expansion of its provider portal interface, enhancing payment options for healthcare providers to ensure timely compensation. The CEO, Michael Combs, emphasized the importance of supporting frontline medical professionals amid the pandemic. The upgraded portal enables providers to submit bills and medical records electronically, reducing payment delays. CorVel's commitment to investing in technology during these challenging times aims to streamline claims management and improve outcomes for injured workers, showcasing its financial stability and dedication to innovation.