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 Corp (NASDAQ: CRVL) generates a steady flow of news as a national provider of risk management solutions focused on workers’ compensation and related health, auto, and liability services. The company frequently issues press releases on its quarterly and fiscal-period financial results, highlighting revenue trends, gross profit, and earnings per share, as well as commentary on the factors influencing its performance.
News about CorVel often centers on its use of technology, including artificial intelligence, machine learning, natural language processing, and Agentic AI, to enhance claims management and healthcare cost control. Updates describe enhancements to platforms such as CareMC Edge, AI-driven tools within the CERIS division, and generative-AI-based capabilities for document processing and claim milestone identification. These announcements provide insight into how CorVel is applying advanced technology across workers’ compensation, group health, and property and casualty operations.
Investors and industry observers will also find coverage of corporate initiatives and recognitions. Recent news has included CorVel’s inclusion on TIME’s America’s Growth Leaders 2026 Ranking and repeated Great Place To Work Certification, as well as leadership recognition such as a CorVel executive being named to Business Insurance’s “Women to Watch” list. The company also issues releases on events such as its annual meeting, stock incentive plan approvals, and live earnings webcasts.
In addition, CorVel publishes case-oriented stories involving its partners, such as collaborations to transform workers’ compensation programs through nurse triage, data-informed safety cultures, and redesigned claims review processes. For readers tracking CRVL, this news page offers a centralized view of earnings announcements, technology developments, governance updates, workforce and culture recognition, and partner program results related to CorVel’s risk management business.
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.
Summary not available.
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.
CorVel Corporation (NASDAQ: CRVL) reported Q1 2020 earnings with EPS at 46 cents and revenues of $129.6 million, reflecting a decline from the previous year due to reduced healthcare activity amid the pandemic. The cash position improved by $11 million to $94 million. Despite transaction volume increases, the company faced challenges related to elective surgeries. Investments in virtual care and technology are progressing, with enhancements to its Care Edge platform. The balance sheet shows total assets of $425 million.
CorVel Corporation announced its proactive response to the rise in liability claims due to COVID-19. The company is leveraging its expertise to assist clients with claims related to inadequate PPE, social distancing, and contingency plans. CorVel’s liability division is monitoring emerging legislation on workers' compensation and business interruptions as many states revise laws to address these claims. With a robust system, the company provides tools for effective claims management, ensuring timely support for clients navigating this complex landscape.
CorVel Corporation, a leading provider of workers’ compensation solutions, announced a quarterly earnings release webcast scheduled for August 4, 2020, at 11:30 am EDT, featuring CEO Michael Combs and CFO Brandon O’Brien. This event aims to offer stakeholders insights into the company’s financial performance and strategic direction. CorVel emphasizes its technology-driven risk management processes designed to control costs and improve outcomes for clients, including employers and insurance companies. The company warns of inherent risks that could affect future performance, drawing attention to their SEC filings for detailed disclosures.
CorVel Corporation has enhanced its case management resources in response to COVID-19, introducing virtual tools to support injured workers. Key offerings include virtual wellness checks, telehealth programs, and a customizable app aimed at improving recovery metrics. Previous app results indicate a 57% faster return to work and a 38% reduction in medical costs. Additionally, new employee assessment screenings and education ensure a safe return to the workplace in alignment with CDC guidelines. CEO Michael Combs emphasizes adapting to evolving work environments with proactive strategies for healthcare management.
FORT WORTH, Texas, May 20, 2020 (GLOBE NEWSWIRE) -- CERiS, a division of CorVel Healthcare, has launched a COVID-19 dashboard for insurance clients to enhance payment integrity processing. This tool offers real-time data on COVID-19 cases, locations, and claims, aiding informed decision-making during the pandemic. CERiS aims to reduce unnecessary work for hospitals and ensure accurate reviews continue where possible. The solution helps clients evaluate case-specific information, avoiding broad, assumption-based decisions. CERiS reports significant savings with its services, achieving 62% savings on implant claims.
FAQ
What is the current stock price of Corvel (CRVL)?
What is the market cap of Corvel (CRVL)?
