CorVel

CorVel is a company that offers comprehensive risk management solutions for payors and employers. It provides integrated claims management solutions specifically for workers’ compensation, and offers liability management services to resolve claims quickly and cost-effectively. CorVel also provides disability management services to help manage employment leaves and return-to-work programs, and offers alternative risk solutions tailored to unique business needs. The company utilizes AI and machine learning to optimize patient care and claims management, leveraging data-driven technology through its CogencyIQ platform to identify trends and make data-driven recommendations. CorVel’s proprietary network of providers serves over 10 million workers across the country, ensuring quality care through a comprehensive credentialing process. The company offers a range of services including workers’ compensation, liability management, and disability management, all integrated into a single platform called CareMC Edge. Additionally, CorVel provides virtual care options, pharmacy benefit management, ancillary care solutions, and Medicare services to ensure compliance with reporting requirements. Publicly traded on Nasdaq since 1991, CorVel reported over $719 million in annual revenue and is the only independent, publicly-traded claims management provider. The company offers a nurse triage hotline, predictive modeling, a return-to-work module, a comprehensive provider network, a fast-track program for non-complex liability claims, litigation management services, nurse file review, and a range of liability claims services. CorVel also has a generative AI initiative to transform claims and case management, provides insights and analytics through an executive dashboard on CareMC Edge, and offers a patient advocacy model to ensure quality and holistic care.