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 (CRVL) delivers AI-powered risk management and claims processing solutions for employers, insurers, and government agencies. This news hub provides investors and industry professionals with timely updates on the company’s operational milestones, technological advancements, and regulatory engagements.
Access authoritative reporting on CRVL’s earnings announcements, strategic partnerships, and innovations in healthcare cost containment. Our curated collection features press releases covering AI-driven claims automation, machine learning applications in utilization review, and expansions of its provider networks.
Key updates include developments in CorVel’s proprietary platforms like CareMC, Medicare service enhancements, and regulatory compliance achievements. Bookmark this page for verified information about CRVL’s market positioning in the evolving risk management sector, without promotional bias or speculative content.
CorVel Corporation (NASDAQ: CRVL) reported impressive financial results for the quarter ending December 31, 2021. Earnings per share increased to 76 cents, up from 63 cents a year earlier, while revenues surged to $165 million, compared to $142 million in Q4 2020. For the nine months ending December 31, 2021, EPS reached $2.57 against $1.74 the previous year, with revenues totaling $475 million, up from $407 million. Robust sales and continued investment in payment integrity services contributed to this growth, further enhanced by the demand for virtual care solutions during the pandemic.
CorVel Corporation is set to host its Quarterly Earnings Release Webcast on February 1, 2022, at 11:30 am EST. The event will feature key executives, including Michael Combs and Brandon O’Brien. CorVel utilizes advanced technologies like artificial intelligence and machine learning to improve health care management, partnering with various stakeholders in the industry. The press release also warns investors of risks regarding future performance based on past results.
CorVel Corporation (NASDAQ: CRVL) has launched CogencyIQ, an innovative solution designed to assist risk managers and claims professionals in navigating complex claims and data analysis. This new system leverages artificial intelligence and predictive analytics to provide actionable insights, improve outcomes for injured workers, and support decision-making with tailored reporting and loss-run analysis. CogencyIQ features business intelligence tools, insight consulting, and advanced AI capabilities such as litigation risk scoring, enhancing clients' ability to manage claims effectively.
CorVel Corporation (NASDAQ: CRVL) reported strong financial results for Q2 2021. Earnings per share (EPS) were 88 cents, up from 65 cents year-over-year. Revenue increased to $158 million from $136 million in the prior year. For the first half of the fiscal year, EPS rose to $1.81 from $1.11, while revenue reached $310 million compared to $266 million previously. The growth is attributed to improved operational efficiencies and an increase in telehealth services, which are currently 38 times higher than pre-pandemic levels. The company continues to invest in technological advancements.
CorVel Corporation is set to host its Quarterly Earnings Release Webcast on November 2, 2021, at 11:30 am EDT. The event will be led by President and CEO Michael Combs and CFO Brandon O’Brien. This webcast aims to provide insights into the company's latest financial performance and future outlook. CorVel leverages advanced technologies like AI and machine learning to improve healthcare cost management and services in workers' compensation, health, and liability sectors. For inquiries, investors can contact their Investor Relations team.
CorVel Corporation (NASDAQ: CRVL) executives will address the future of telehealth and stress management at the 2021 National Workers Compensation and Disability Conference on Oct. 20-21, 2021. CEO Michael Combs emphasizes insights from the COVID-19 pandemic. CorVel will participate in three panel discussions focusing on workforce leadership, traumatic stress support, and the future of telehealth.
CorVel Corporation (NASDAQ: CRVL) announced that partners from Staples, Hoag Memorial Hospital, and the City of Oklahoma City received the All Star Risk Managers 2021 award from Risk & Insurance. This recognition highlights their effective risk management strategies. Staples’ new workers’ compensation program yielded a 50-70% claim avoidance rate and a 73% claim closure rate, while Hoag's initiatives led to a 28% cost reduction per claim. Oklahoma City implemented safety measures that prevented COVID outbreaks. CEO Michael Combs praised these innovations.
CorVel Corporation (NASDAQ: CRVL) has been awarded the 2021 Innovation Award by Business Insurance for its Virtual Functional Restoration Services, aimed at pain management for injured workers. This program employs a biopsychosocial model of care, addressing chronic pain claims that constitute a significant portion of workers' compensation costs. CorVel's approach has reportedly led to a 50% reduction in morphine equivalency for participants, highlighting its potential to improve recovery outcomes and reduce unnecessary medical expenses.
CorVel Corporation (NASDAQ: CRVL) reported strong Q1 2021 results with earnings per share increasing to $0.92 from $0.46 a year earlier. Revenues climbed to $153 million, up from $130 million.
The cash balance rose by $45 million to $139 million, reflecting operational efficiencies. The company noted a resurgence in medical procedures, claims, and managed care demand, positioning itself to meet heightened market needs amid industry resourcing challenges.
CorVel Corporation will host a quarterly earnings release webcast on August 3, 2021, at 11:30 am EST. The event will feature CEO Michael Combs and CFO Brandon O’Brien, discussing the company's financial performance and future outlook. CorVel utilizes advanced technologies like artificial intelligence and machine learning to manage healthcare services and costs effectively. Investors are reminded of the potential risks and uncertainties associated with forward-looking statements in the release.
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