CorVel

CorVel Corp. engages in the provision of workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies. It operates through the Managed Care segment. The company was founded by V. Clemons Gordon Sr. in 1987 and is headquartered in Irvine, CA.

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CorVel reports strong Q3 earnings, invests in AI technologies

CorVel's Q3 performance reflects growth in revenues and earnings, supported by a focus on quality and consistency in operations.
The company's strengths lie in industry recognition, stable financial foundation, and successful investments in system enhancements.
Challenges include market sensitivity, mental health impacts, and the need for ongoing digital transformation refinement.
Opportunities exist in AI-driven solutions, automation, and efficiency improvements to drive future growth and competitiveness.

CorVel reports robust Q3 earnings, invests in AI solutions

CorVel's Q3 2024 performance reflects strong revenue growth and profitability, driven by successful initiatives in key market segments.
Strategic investments in technology and workforce optimization underscore the company's commitment to innovation and operational excellence.
Challenges in transaction volume and staffing highlight areas for improvement, while opportunities in AI solutions and mental health initiatives offer avenues for future growth.

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CorVel Corp. engages in the provision of services to employers and payors in the risk management and insurance services arenas, including workers' compensation, general liability, auto liability, and hospital bill auditing and payment integrity. It operates through the Patient Management Services and Network Solutions Services segments. The Patient Management Services segment includes claims administration, utilization review, medical case management, and vocational rehabilitation. The Network Solutions Services segment consists of fee schedule auditing, hospital bill auditing, coordination of independent medical examinations, diagnostic imaging review services, and preferred provider referral services. The company was founded by V. Clemons Gordon Sr. in 1987 and is headquartered in Fort Worth, TX.

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FORT WORTH, Texas, Dec. 24, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) today announced the effectiveness of a three-for-one forward stock split, along with a proportionate increase in the number of authorized shares of its common stock to accommodate the stock split.

CorVel Announces Effectiveness of Three-For-One Forward Stock Split

FORT WORTH, Texas, Dec. 13, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announces that its Board of Directors approved a three-for-one forward stock split of its common stock. The Board also approved a proportionate increase in the number of authorized shares of common stock to accommodate the stock split. The Board did not approve an increase in the number of authorized shares of preferred stock.

CorVel Announces Three-For-One Forward Stock Split and Authorized Share Increase

FORT WORTH, Texas, Nov. 29, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announces V. Gordon Clemons is electing to retire as a member of the Company's Board of Directors (the “Board”) and as Chairman of the Board, effective November 26, 2024, after 37 years of service. Clemons founded CorVel Corporation in 1988 and has served as Chairman of the Board since the Company went public in 1991. Effective upon Clemons' retirement, Michael G. Combs, the Company's President and Chief Executive Officer, was appointed as the new Chairman of the Board. Clemons has been an advisor to Combs since 2017, and he will continue to be available to Combs as an outside consultant.

CorVel Announces Retirement of V. Gordon Clemons

FORT WORTH, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter ended September 30, 2024. Revenues for the quarter were $224 million, an increase from $196 million in the September quarter of 2023. Earnings per share for the quarter were $1.35, compared to $1.15 in the same quarter of the prior year.  Revenues for the six months ended September 30, 2024 were $436 million, an increase from $386 million during the six months ended September 30, 2023. Earnings per share for the six months ended September 30, 2024 were $2.60, compared to $2.29 during the six months ended September 30, 2023.

CorVel Announces Revenues and Earnings

CorVel Corporation has won two 2024 Business Insurance awards: one for innovation in generative AI and another for “Claims Team of the Year” with O'Reilly

Business Insurance Honors CorVel with Two Awards in 2024

FORT WORTH, Texas, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Today, CERIS, a CorVel Company, has announced advancements to its current Fraud, Waste, and Abuse (FWA) solutions, including earlier detection capabilities and improved behavioral analytics. These new integrations and services will expand on CERIS' current FWA offering for customers as they navigate a complex healthcare industry and work to better manage and mitigate prevalent fraud and risk issues in today's landscape. Through identity and behavioral analytics, scanners, dashboards, reporting, and FWA consulting, CERIS' enhanced solutions are automating detection and errors in billing to aid payers in prevention and remediation.

CERIS Announces Enhanced Offering to Fraud, Waste, and Abuse Solutions

Symbeo launches RapidInvoice on Amazon Business's Market App Center for B2B ecommerce with a solution that enhances AP functions and supports financial operations to reduce costs and improve productivity Symbeo launches RapidInvoice on Amazon Business's Market App Center for B2B ecommerce with a solution that enhances AP functions and supports financial operations to reduce costs and improve productivity

Symbeo partners with Amazon Business to extend the reach of its RapidInvoice AP automation solution

Corvel is at a new high after news that the health care management company will use generative AI to manage claims and provide other services.

Generative AI In Health Care Management Lifts This Stock To New Highs

CorVel (NASDAQ: CRVL) unveils AI-driven managed care solutions, offering seamless integration and enhanced insights for partners, improving patient care.

CorVel Announces New Integrations for Managed Care Services Enabling Partners to Increase Connectivity and Create a Seamless Workflow Experience

CorVel provides cost-effective vocational evaluations nationwide, aiding injured employees' return to work with tailored solutions by certified experts

CorVel Launches “Center of Excellence” for Vocational Evaluation Services

FORT WORTH, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDQ:CRVL), is proud to be Certified™ by Great Place To Work® for the 4th year in a row. The prestigious award is based entirely on what current employees say about their experience working at CorVel. Great Place To Work® is the global authority on workplace culture, employee experience, and leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation.

CorVel Earns 2024 Great Place To Work Certification™

FORT WORTH, Texas, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Advancements in artificial intelligence (AI) and machine learning (ML) are significantly improving results and efficiencies for payment integrity in medical claims, according to CERIS, a CorVel company. “CERIS leads the industry in leveraging AI and ML to automate tasks for greater efficiency and accuracy, to find patterns that may indicate fraud or systemic errors, to interpret medical language, and to summarize large amounts of information into actionable data,” said Steve Sutherland, Senior Vice President of Information Systems for CERIS, a Fort Worth-based company that has pioneered the use of this technology for payment integrity.

CERIS Announces Innovations in Artificial Intelligence and Machine Learning That Improve Payment Integrity

FORT WORTH, Texas, Oct. 26, 2023 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDQ:CRVL), a national provider of risk management solutions, today announced the promotion of Jeff Gurtcheff to Chief Claims Officer. As the Company's Chief Claims Officer, Gurtcheff will oversee workers' comp and liability claims operations, including leading technology innovation, managing claims staff operations, and launching new products and services that deliver industry-leading performance for the company's partners.

CorVel Promotes Jeff Gurtcheff to the Position of Chief Claims Officer

New Capabilities to Interpret Content Will Improve Speed and Accuracy of Evaluating Medical Records New Capabilities to Interpret Content Will Improve Speed and Accuracy of Evaluating Medical Records

CorVel Announces First Generative AI Module

Curriculum Covers End-to-End Workers' Compensation Claims Management and the Application of Integrated Technology Curriculum Covers End-to-End Workers' Compensation Claims Management and the Application of Integrated Technology

CorVel University Launched to Enhance Careers and Capabilities for Claims Professionals

The award recognizes multiple innovative programs for Fairfax County, Virginia The award recognizes multiple innovative programs for Fairfax County, Virginia

Randy Jouben Receives 2023 Workers' Comp Risk Management Award for Excellence

FORT WORTH, Texas, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Carhartt Inc., one of America's leading manufacturers of durable workwear and outdoor apparel, and CorVel Corporation (NASDAQ: CRVL), a national provider of risk management solutions, were named Risk Management Team of the Year during a live award presentation on July 19, 2023, hosted by Business Insurance. The 2023 U.S. Insurance Awards highlights exceptional work by insurance professionals working at companies across the commercial insurance industry including retail brokers, TPAs, insurers, reinsurers and more.

Carhartt Inc. and CorVel Corporation Named Risk Management Team of the Year in 2023 U.S. Insurance Awards

CorVel Corp ( CRVL , Financial), a prominent player in the insurance industry, is currently trading at $214.57 with a market capitalization of $3.69 billion. The company's stock price has seen a gain of 4.48% today and a 10% increase over the past four weeks.

CorVel Corp (CRVL): A Stock with Good Outperformance Potential

New solution for payment automation drives success, improved security for enterprise and mid-market-size organizations New solution for payment automation drives success, improved security for enterprise and mid-market-size organizations

Symbeo, a CorVel Company, launches payment solution purpose-built to meet today's B2B challenges

Partnership enhances risk management strategies and improves outcomes for Fairfax County, Virginia, Carhartt, and Lithia & Driveway Partnership enhances risk management strategies and improves outcomes for Fairfax County, Virginia, Carhartt, and Lithia & Driveway

Risk & Insurance Names Three CorVel Clients as Winners of 2023 Risk All-Star Awards

Expanded Capabilities in CorVel's Industry-Leading Technology Will Reduce Costs, Minimize Liability, and Enhance Holistic Care and Claims Oversight. Expanded Capabilities in CorVel's Industry-Leading Technology Will Reduce Costs, Minimize Liability, and Enhance Holistic Care and Claims Oversight.

CorVel Announces First Generative AI Initiative to Transform Claims and Case Management

CorVel Corporation: Best Nearby Insurance Cap-Gain Stock Wealth Builder Prospect.

CorVel Corporation: Best Nearby Insurance Cap-Gain Stock Wealth Builder Prospect

Expanded Training Requirements Sets New Industry Standard for Quality Pharmacy Management Expanded Training Requirements Sets New Industry Standard for Quality Pharmacy Management

CorVel Launches Pharmacy Technician Certification (CPhT) Test Preparation Program

FORT WORTH, Texas, April 11, 2023 (GLOBE NEWSWIRE) -- CERIS, a CorVel company, has released “The Pulse of Payment Integrity,” a white paper encouraging healthcare payers to focus on reviewing claims before they are paid, as opposed to months or years afterward in a post pay environment. The whitepaper notes that taking such an approach to payment integrity reduces errors and improves the relationship between payers and providers by eliminating the need to collect excess payments after they have been made.

News for CorVel Stock (CRVL)