Corvel Corporation
Business Description
CorVel is a national provider of workers’ compensation solutions for
employers, third party administrators, insurance companies, and government agencies
seeking to control costs and promote positive outcomes. The Company applies
technology, intelligence, and a human touch to the challenges of risk management
so that their clients can intervene early and often while being connected to
the critical intelligence they need to proactively manage risk. CorVel specializes
in applying advanced communication and information technology to improve healthcare
management for workers’ compensation, group health, auto and liability
claims management. With a technology platform at its core, the Company’s
connected solution is delivered by a national team of associates who are committed
to helping clients deliver programs that meet their organization’s performance
goals.
The Company’s services include claims management, bill review, preferred
provider networks, utilization management, case management, pharmacy services,
directed care and Medicare services. CorVel offers its services as a bundled
solution (i.e. claims management), as a standalone service, or as add-on services
to existing customers. Customers of the Company that do not purchase a bundled
solution generally use another provider, use an in-house solution, or choose
not to utilize such a service to manage their workers’ compensation costs.
When customers purchase several products from CorVel, the pricing of the products
sold is generally the same as if the product were sold on an individual basis.
Bundled products are generally delivered in the same accounting period.
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