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.
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CorVel Corporation (NASDAQ: CRVL) has launched a pharmacy technician certification test preparation program aimed at enhancing pharmacy training and increasing certifications among team members involved in pharmacy benefits management.
This initiative, developed during the pandemic, consists of an eight-week course that has resulted in a 100% pass rate among participants. CorVel mandates certification for all employees in relevant roles, establishing a new industry standard.
The program aims to ensure comprehensive pharmacy knowledge across the organization, facilitating better oversight and problem-solving in workers' compensation cases.
Furthermore, the pharmacy team actively monitors opioid use, collaborating closely with case managers to ensure safe and cost-effective prescriptions for injured workers, enhancing patient recovery outcomes.
CERIS, a CorVel company, has released a white paper titled "The Pulse of Payment Integrity," urging healthcare payers to focus on reviewing claims prior to payment. This proactive approach aims to reduce errors and strengthen relationships between payers and providers by preventing excess payment collections post-transaction. The document highlights challenges from the COVID-19 pandemic, such as the surge in telehealth services and evolving value-based care initiatives. CERIS emphasizes that a shift in payment integrity culture is essential for reducing care costs and enhancing patient outcomes. The company has a long-standing history of helping clients save billions annually through its payment integrity services.
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