The bottom line, though, is improving outcomes for patients, as well as for those who pay for healthcare. Accelerating the process allows employees to return to work more promptly. Delays incurred in being diagnosed and treated can be reduced. Getting employees back to work optimizes their ability to be rejoined with their associates and to retain their work habits. Improving return-to-work is the best way to reduce workers' compensation costs.

Automation also reduces the cost of managing claims. CorVel's ASP (Application Service Provider) tools allow payors to use software tools without the costs of managing and maintaining software on their own systems. Internet-based solutions maximize access while minimizing computing costs. Newer workflow management tools are also reducing the amount of labor required to conduct claims management. Increasingly, software is able to automatically address issues in claims management and simplify the collection of information.

The service enhancements and patient outcomes achieved by CorVel have created a solid return for our shareholders. Over the last decade we have improved the Company's return on equity. Our share repurchase program has helped keep our equity base consistent with the market opportunities. Revenue and profits have grown consistently. Today, we have the largest office network in our industry and lead in most technology categories.

In spite of the accomplishments of the last few years, there still remains much to do in our effort to streamline the administration of workers' compensation. It is important that payors and providers have positioned themselves properly to benefit from ongoing innovation in healthcare administration and information processing. CorVel continues to invest ambitiously, and is committed to continuing its investments in the long term. The goal of constant and continuing improvement inspires us in our work and in our mission of improving outcomes in disability management.

We'd like to thank our employees for their ongoing commitment and hard work, and our shareholders for their support as well.