CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement services, retrospective utilization review, facility claim review, professional review, pharmacy services, directed care services, Medicare solutions, clearinghouse services, independent medical examinations, and inpatient medical bill review. It also provides a range of patient management services, such as claims management, case management, 24/7 nurse triage, utilization management, vocational rehabilitation, and life care planning, as well as processing of claims for self-insured payors with respect to property and casualty insurance. The company was incorporated in 1987 and is headquartered in Fort Worth, Texas.
IPO Year:
Exchange: NASDAQ
Website: corvel.com
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. Second Quarter Fiscal Year 2025 Highlights
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. The
FORT WORTH, Texas, July 30, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ:CRVL) announced the results for the quarter ended June 30, 2024. Revenues for the quarter were $212 million, an increase from $190 million in the June quarter of 2023. Earnings per share for the quarter were $1.25, compared to $1.14 in the same quarter of the prior year. First Quarter Fiscal Year 2025 Highlights Revenue increased 11% to $212 million, compared to first quarter of fiscal year 2024.Gross profit increased 15% to $48.2 million, at 22.7% gross margin, compared to first quarter of fiscal year 2024 gross profit of $41.9 million.Diluted earnings per share increased 10% to $1.25, compared to first q
PORTLAND, Ore., July 09, 2024 (GLOBE NEWSWIRE) -- Symbeo, Inc., a CorVel Company, has partnered with Amazon Business App Center to deliver its RapidInvoice, an AI-enabled optical character recognition (OCR) product. The partnership is a significant stride into the mid-market and SMB market, as more companies are drawn to e-commerce platforms such as Amazon's B2B marketplace. This move allows customers to leverage wholesale pricing for goods and services, with the added advantage of integrated payment reconciliation to financial systems, promising a future of enhanced efficiency and cost-effectiveness. Symbeo RapidInvoice is an accounts payable (AP) automation solution for Amazon Business
FORT WORTH, Texas, May 22, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ:CRVL) announced the results for the quarter and fiscal year ended March 31, 2024. Revenues for the quarter were $207 million, an increase from $185 million in the same quarter of the previous year. Earnings per share for the quarter were $1.12, compared to $1.04 in the same quarter of the prior year. Revenues for the fiscal year ended March 31, 2024 were $795 million, compared to $719 million for the fiscal year ended March 31, 2023. Earnings per share for the fiscal year ended March 31, 2024, were $4.40, compared to $3.77 for the fiscal year ended March 31, 2023. Patient Management services, including reven
FORT WORTH, Texas, April 23, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ:CRVL), a national provider of risk management solutions, is announcing upcoming innovations to its managed care service offerings. Over the past year, CorVel has invested substantially in advanced technologies, particularly Generative AI. As a result, CorVel is pleased to introduce a new hub platform to the carrier market. This offering will lessen our partners' IT constraints and lead to better program outcomes. Founded over thirty years ago, CorVel started as a managed care solutions provider, and these services have remained the cornerstone of the business. As a leader in the industry, CorVel is committed
FORT WORTH, Texas, Feb. 28, 2024 (GLOBE NEWSWIRE) -- To meet the growing demand for cost-effective vocational evaluation services in workers' compensation, CorVel Corporation(NASDAQ:CRVL), a national provider of risk management solutions, has created a "center of excellence" for its clients, offering services virtually and in-person across the U.S. "Companies are focused on keeping good employees, so they value in-depth vocational evaluation assistance that enables them to get injured employees back to work in the right job situation, safely and productively," noted Karen Thomas, Vice President, Clinical Services at CorVel. "By ramping up our resources, we are better equipped to help ou
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. "This recognition, for the fourth year in a row, underscores the commitment and passion of the CorVel team. Achieving certification as a Great Place to Work reaffirms what we've long understood: our business flourishes wh
FORT WORTH, Texas, Jan. 30, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ:CRVL) announced the results for the quarter ended December 31, 2023. Revenues for the quarter were $202 million, an increase from $179 million in the December quarter of 2022. Earnings per share for the quarter were $0.99, compared to $0.96 in the same quarter of the prior year. Revenues for the nine months ended December 31, 2023 were $588 million, compared to $533 million for the nine months ended December 31, 2022. Earnings per share for the nine months ended December 31, 2023, were $3.27, compared to $2.73 for the same nine-month period in 2022. The 2023 calendar year ended with a 34% increase in new bu
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.
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FORT WORTH, Texas , Feb. 02, 2022 (GLOBE NEWSWIRE) -- CorVel, a national provider of risk management solutions, has named Jeff Gurtcheff as Vice President of Enterprise Comp. With more than 30 years of experience, Gurtcheff brings a deep understanding of the industry with strategic leadership and management expertise. As Vice President of Enterprise Comp, Gurtcheff will refine product vision and strategy related to corporate goals and manage resources responsible for regulatory compliance, claims handling, quality, and standards and procedures. His position will also support product line profit growth by developing improved processes, risk management practices, and analytical reporting.
Symbeo RapidInvoice is an accounts payable (AP) automation solution for Amazon Business customers that provides receiving, tracking, document separation and classification, and AI-enabled OCR for improved financial reporting and reconciliation. Customers will realize easy setup within five business days, eliminate waste, improve visibility for purchasing power, and proactively manage cash flow for current and future financial needs.
CorVel (NASDAQ:CRVL) reported quarterly earnings of $1.12 per share. This is a 7.69 percent increase over earnings of $1.04 per share from the same period last year. The company reported $207.23 million in sales this quarter. This is a 11.75 percent increase over sales of $185.44 million the same period last year.
CorVel (NASDAQ:CRVL) reported quarterly earnings of $0.99 per share. This is a 3.13 percent increase over earnings of $0.96 per share from the same period last year. The company reported $202.30 million in sales this quarter. This is a 12.78 percent increase over sales of $179.39 million the same period last year.
CorVel (NASDAQ:CRVL) reported quarterly earnings of $1.15 per share. This is a 38.55 percent increase over earnings of $0.83 per share from the same period last year. The company reported $195.52 million in sales this quarter. This is a 10.20 percent increase over sales of $177.43 million the same period last year.
CorVel (NASDAQ:CRVL) reported quarterly earnings of $1.14 per share. This is a 21.28 percent increase over earnings of $0.94 per share from the same period last year. The company reported $190.25 million in sales this quarter. This is a 7.91 percent increase over sales of $176.31 million the same period last year.
Symbeo, Inc., a CorVel company, has launched a new solution for Payments as part of its offering for Accounts Payable Invoice Automation. In partnership with Corpay, the global leader in business payments with a comprehensive and trusted suite of online payment solutions, Symbeo’s Payments product streamlines the payment process, expands working capital, and cuts cost by removing manual processes, contributing to a modern work environment with automated invoice and payments approvals, centralized controls, and the agility to respond to environmental factors quickly.
CorVel (NASDAQ:CRVL) reported quarterly earnings of $0.96 per share. This is a 26.32 percent increase over earnings of $0.76 per share from the same period last year. The company reported $179.39 million in sales this quarter. This is a 9.05 percent increase over sales of $164.51 million the same period last year.