CorVel Corporation (CRVL)
CorVel Corporation operates in the Insurance - Brokers industry of the Financial Services sector, headquartered in Fort Worth, TX, US. The stock last traded at $70.67, up 0.23% on the session, giving a market capitalisation of $3.60B. On trailing twelve-month figures it carries a trailing P/E of 31.41, a net margin of 11.7%. Its beta of 0.97 implies it has historically moved less than the broad market.
CorVel Corporation delivers comprehensive solutions designed to assist employers, third-party administrators, insurance providers, and government entities in effectively managing healthcare claims. The company focuses on controlling medical expenditures and ensuring high-quality care across various sectors, including workers' compensation, auto liability, and general health. Leveraging advanced technologies such as artificial intelligence, machine learning, and natural language processing, CorVel enhances the oversight of entire healthcare episodes and their associated costs. Their service portfolio includes a wide array of network solutions, featuring automated medical fee auditing, management and reimbursement for preferred providers, retrospective utilization reviews, and detailed scrutiny of both facility and professional claims. Additionally, they offer pharmacy services, directed care programs, Medicare solutions, clearinghouse functionalities, independent medical examinations, and inpatient medical bill reviews. Beyond network services, CorVel provides a suite of patient management offerings, encompassing claims and case management, round-the-clock nurse triage, utilization management, vocational rehabilitation, and life care planning. The company also processes property and casualty claims specifically for self-insured clients. Established in 1987, CorVel maintains its corporate headquarters in Fort Worth, Texas.
CorVel Corporation is most often compared with the following Financial Services names: