CorVel Corporation (NASDAQ:CRVL) is a technology-enabled provider of workers’ compensation and disability insurance claims management solutions, serving insurers, third-party administrators and self-insured employers. The company offers an integrated suite of services designed to streamline the claims lifecycle, including medical bill review, utilization review, pharmacy benefit management, vocational rehabilitation and case management. CorVel’s platform leverages advanced analytics and proprietary technology to optimize cost containment, improve clinical outcomes and enhance customer experience.
Founded in 1987 and headquartered in Irvine, California, CorVel has grown from a regional bill review firm into a national services organization. The company entered the managed care market in the early 1990s and launched its first web-based claims management tools in the mid-1990s, positioning itself at the forefront of digital innovation in the workers’ compensation industry. Over the years, CorVel has expanded through organic growth and strategic acquisitions, broadening its service offerings and strengthening its technology infrastructure.
CorVel’s solutions are delivered through a cloud-based platform that integrates data from medical providers, pharmacies and claims administrators, allowing clients to manage large volumes of claims efficiently and in compliance with state regulations. The company maintains a network of preferred provider organizations in all 50 states and Puerto Rico, and supports employers across a range of industries including healthcare, retail, manufacturing and construction. CorVel also offers telemedicine services and advanced clinical decision support tools to help reduce medical costs and expedite return-to-work timelines.
Under the leadership of President and Chief Executive Officer Kevin Slawin, CorVel continues to invest in technology and service innovation, aiming to enhance predictive analytics, improve user interfaces and expand its telehealth capabilities. The company’s management team includes seasoned executives with deep experience in insurance operations, healthcare management and software development. CorVel’s focus on data-driven insights and customer-centric solutions positions it as a strategic partner for organizations seeking to control claims costs while delivering high-quality care to injured workers.
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