Greetings. Welcome to our community.
Hometowns everywhere meant more
to all of us this year. Along the way we discovered just what we
are all made of, and that when challenged, we come together immediately.
Despite all the challenges of 2001, CorVel's services to families,
employees and organizations, expanded to new record levels for the
fourteenth consecutive year.
Our strategic investments in networks of healthcare professionals
(PPOs) and Internet initiatives, launched several years ago, have
begun to pay dividends. Return on shareholders' equity exceeded
25% after tax. We expanded our office network, launched a second
generation PPO and began work in the Caribbean.
As our brand recognition expands and our technology enables us to
more efficiently assist patients during episodes of care, we are
increasingly working directly with very large employers. CorVel's
investments in systems, a national branch office network and continued
relationships with healthcare providers, have positioned us to do
more and more for large organizations.
CorVel's strategy remains to excel in the service
of injured or ill patients. Working collaboratively with employers,
payors and healthcare professionals, we continue to steadfastly
pursue the development of ever-better systems. Each incremental
improvement helps us work with more synergy.
Our new CorCare Select services include improved assistance to patients
needing help scheduling appointments, and to healthcare providers
with the administrative tasks in their practices.
We saw increasing interest in our services during the year from
the auto market. Investments made to tailor our processing to the
needs of auto insurers are now paying off.
The Company We Keep
As CorVel has grown we have increasingly worked with
a very fine group of national organizations as customers. A number
of the large institutional investors in CorVel have had long term
positions, and have been willing to spend time assisting us in our
business. I believe our investor relationships in this day of high
volume trading and rapid investment turnover, are truly unique.
As always, it is also a great pleasure to thank the over 3,250 employees
of CorVel for their hard work and commitment this year and all the