Corvel Corp Stock Price, News & Analysis

CorVel Corporation (NASDAQ: CRVL) has enhanced its Care Advocacy model to improve worker’s compensation claims management by emphasizing a nurse's role in the first 30 days post-injury. The updated program incorporates personalized service, aiming to expedite care and recovery. Key results include a 49% reduction in litigated claims, 53% decrease in total temporary disability payments, and a 74% reduction in medical costs. The initiative is expected to enhance satisfaction and outcomes for injured workers, showcasing a commitment to patient-centered care.

CorVel Corporation (NASDAQ: CRVL) reported its financial results for the quarter and fiscal year ending March 31, 2021. Earnings per share for Q4 rose to $0.81, up from $0.64 year-over-year, despite a revenue decrease to $146 million from $147 million. For the fiscal year, EPS remained stable at $2.55, but revenues dropped to $553 million, down from $592 million in the previous year. The company noted significant growth in its CERiS health market segment and continues to leverage technology and AI for improved operations. CorVel also celebrated its 30th anniversary on NASDAQ.

CorVel Corporation will host a webcast on May 27, 2021, at 11:30 am EDT to discuss its fiscal year earnings. CEO Michael Combs and CFO Brandon O’Brien will provide insights into the company's financial performance and future outlook. The event is aimed at investors and stakeholders interested in CorVel's strategic initiatives in managing healthcare costs through advanced technology. Investors can access the webcast with a broadband connection and Windows Media Player. For further information, contact Investor Relations at 949-851-1473.

CorVel Corporation (NASDAQ: CRVL) has been approved by the Maryland Board of Nursing as the sole provider of the Workers’ Compensation Case Manager (WCCM-RN) training program in Maryland. This program, significant due to its focus on patient advocacy and navigation through the workers’ compensation process, comes after the previous vendor terminated its offering. CorVel’s training course aims to ensure quality case management for injured workers in Maryland and is now open for registration.

CorVel Corporation (NASDAQ: CRVL) has appointed Joseph Rupp as Area Vice President, bringing over 30 years of management experience to enhance the company’s operations in California. Rupp's role focuses on optimizing employee performance and meeting revenue goals. Previously, he led successful teams at MetLife and Safeco Insurance, generating significant revenue growth. CorVel leverages advanced technology for risk management solutions, catering to various sectors. The appointment aims to boost market share and customer satisfaction.

CorVel Corp. is set to present a session on the transformation of care due to the pandemic at RIMS LIVE 2021. David Lupinsky will co-host the session discussing AI and telehealth in claims management. The session aims to showcase how these technologies enhance care for injured workers and improve patient experiences, making care delivery more efficient and cost-effective. The conference offers access to this session for 60 days post-event. CorVel utilizes technology to manage health care costs and related services, emphasizing the importance of data-driven care.

CERiS, a division of CorVel Healthcare, has launched enhanced prospective claim review services for clients paying medical claims. This new offering features comprehensive reviews for itemized bills and DRG validation, with a track record of correcting billed charges. CERiS utilizes advanced technology like AI and machine learning to ensure payment integrity. As a publicly traded company, its independent operations stand out in a consolidating market, with a strong commitment to growth and investment in innovative systems.

CorVel Corporation (NASDAQ: CRVL) announced Lori Landon as Vice President of Network Solutions, bringing over 20 years of experience in the workers' compensation sector. Landon will oversee various products, streamline workflows, and lead competitive market analysis to enhance service capabilities. The company attributes its recent growth to an agile technical foundation that has successfully adapted to increased telehealth demand. This strategic addition aims to strengthen CorVel's innovative offerings and fulfill its commitment to improving customer outcomes.