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.
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.
CorVel Corporation (NASDAQ: CRVL) was awarded the Third Party Association Team of the Year at the Business Insurance U.S. Insurance Awards on September 10 for exceptional achievements with the State of Tennessee. The recognition highlights CorVel's innovative claims management services, which have improved efficiency and reduced costs. Key efforts include a statewide return-to-work program, pharmacy solutions, and 24/7 nurse triage. This partnership has significantly helped the Tennessee government manage risk among its 85,000 employees and 6.7 million residents.
CorVel Corporation (NASDAQ: CRVL) has been awarded the 2020 Innovation Award by Business Insurance for its Virtual Care Services. This program, which includes 24/7 nurse triage, assists in the care and recovery of injured workers by providing integrated solutions from initial care to return-to-work processes. CEO Michael Combs emphasized the need for innovative management of claims and patient care, particularly during the COVID-19 pandemic. The award recognizes the company’s leadership in risk management solutions, amidst an increase in nominations this year due to the pandemic's impact.
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