Corvel Corp Stock Price, News & Analysis

CorVel Corporation recently published a report analyzing the impact of COVID-19 on workers' compensation claims in 2021. The analysis shows a 6% overall increase in claims compared to 2020, with a notable 38% decrease in COVID-related claims and a 14% increase in non-COVID claims. The data spans from April 1 to December 31, 2021, highlighting trends as industries began to return to normal. CorVel aims to help clients navigate these changes with insights gleaned from their CogencyIQ team.

CorVel Corporation (NASDAQ: CRVL) reported quarterly results for June 30, 2022, showing a rise in revenues to $176 million from $153 million in the same period last year. Earnings per share increased to $0.94 from $0.92. The company emphasized continued growth driven by CERiS in payment integrity, while investing in automation for enhanced team efficiency. Despite the economic climate, CorVel's approach has maintained a high return on equity. Key financial metrics indicate resilience and operational effectiveness amidst ongoing challenges.

CorVel Corporation will host a Quarterly Earnings Release Webcast on August 3, 2021, at 11:30 am EST. The event will feature insights from CEO Michael Combs and CFO Brandon O’Brien. CorVel utilizes AI, machine learning, and natural language processing to manage healthcare costs for various stakeholders, including employers and insurance companies. The company emphasizes the importance of understanding risks and uncertainties that may affect future financial performance, highlighting the variability in stock performance compared to past results.

CorVel Corporation (NASDAQ: CRVL) reported strong financial results for the quarter and fiscal year ended March 31, 2022. Earnings per share for Q4 reached $1.09, up from 81 cents year-over-year, while revenues increased to $171 million from $146 million. For the fiscal year, EPS rose to $3.66, a significant increase compared to $2.55 the previous year, with annual revenues climbing to $646 million from $553 million. The growth was driven by new bookings in the CERiS operation and productivity improvements through automation.

CorVel Corporation will host a Fiscal Year Earnings Release Webcast on May 26, 2022, at 11:30 am EST, featuring CEO Michael Combs and CFO Brandon O’Brien. The company focuses on technology-driven solutions for managing healthcare costs and episodes of care, partnering with various entities like employers and insurance companies. Forward-looking statements indicate potential risks regarding future performance, suggesting that past financial results may not predict future outcomes. For further information visit corvel.com.

CorVel Corporation (NASDAQ: CRVL) has introduced a new Claims Risk Score interface in its CareMC Edge® platform, enhancing claims management through artificial intelligence and predictive analytics. This feature evaluates multiple factors to determine the risk level of claims, helping professionals intervene early and effectively. Key aspects analyzed include return to work estimates, pain levels, and claimant medical compliance. The Risk Score recalibrates continuously with new information, aiming to improve claim outcomes and reduce costs.

CorVel has announced the appointment of Tomika A. Russell as President of Symbeo, enhancing leadership in cloud technology and global invoice solutions. With over 20 years of experience, Russell aims to drive growth through strategic business planning and team development. Formerly at Daimler Trucks North America, she optimized operations and revenue through digital strategies. Her leadership is expected to significantly impact Symbeo’s operational efficiencies and customer solutions, amidst a commitment to leveraging AI and machine learning.

CorVel has appointed Jeff Gurtcheff as Vice President of Enterprise Comp, bringing over 30 years of industry experience. His role will focus on enhancing product vision, managing compliance, and driving profit growth through improved risk management processes. Previously, Gurtcheff served as Vice President of National Accounts. President and CEO Michael Combs praised Gurtcheff's leadership skills. CorVel utilizes advanced technologies to manage workers' compensation and health services, emphasizing a commitment to innovative solutions.