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) 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.
CorVel Corporation will release its quarterly earnings results on February 2, 2021, during a webcast at 11:30 am EST. The webcast will be led by CEO Michael Combs and CFO Brandon O’Brien. The company provides advanced workers’ compensation solutions to various sectors, emphasizing technology and proactive risk management. CorVel is publicly traded on NASDAQ under the symbol CRVL.
The press release also includes a forward-looking statement, highlighting various risks that may affect future performances.
CorVel and ReedGroup have partnered to enhance absence management through a new integrated program, combining workers' compensation and other leave types.
This initiative aims to streamline processes for employees facing absences due to illness or injury, offering a centralized intake process available 24/7. The program is designed to reduce costs for employers while ensuring regulatory compliance and prompt employee return to work.
Key benefits include seamless employee experience and integrated analytics reporting.
CorVel Corporation has partnered with 1health to provide self-administered COVID-19 testing kits for employees, enhancing its telehealth platform. The home tests, featuring nearly 100% accuracy, allow employees to safely collect samples and receive lab-certified results within 36 hours, promoting workplace safety. As COVID-19 cases rise, this initiative helps employers manage employee health efficiently, facilitating quicker returns to work. CorVel's telehealth program currently handles up to 300 COVID-related inquiries daily, ensuring timely response and care for employees.
CorVel Corporation (NASDAQ: CRVL) reported Q2 earnings of 65 cents per share with revenues of $136 million, and year-to-date revenues of $266 million. Despite ongoing global economic uncertainty, the company exhibited strong fundamentals with robust new business sales. The pandemic has accelerated technology adoption, enhancing CorVel's digital strategy and leading to a significant rise in telehealth usage. Strategic partnerships in the healthcare sector are expected to improve payment operations and reduce costs.
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