On NASDAQ Since 1991
CorVel Announces Telehealth Services
IRVINE, California, August 26, 2015 - CorVel Corporation (NASDAQ: CRVL) announced today telehealth services as part of their existing Enterprise Comp claims management model to deliver immediate access to providers for injured employees. The Company currently offers early intervention services for workers’ compensation customers through a 24/7 nurse triage hotline. After being screened by a triage nurse, their service offering will now include the ability to connect injured workers with virtual doctor visits via computers and smart mobile devices.
“Telehealth is an exciting enhancement for the workers’ compensation industry and our program. By engaging this new technology, we hope to impact our program by streamlining communication and facilitating care for the injured worker more efficiently. We continue to look to CorVel for innovations to improve our program and look forward to the positive outcomes ahead,” said Jenny Novoa, Senior Director, Risk Management and Safety at Gap Inc., a CorVel client.
Telehealth, which is approved in nearly all states, is integrated into the Company’s proactive healthcare model as an option for qualified injuries, primarily musculoskeletal. Industry research shows the sooner an injured worker seeks care, the better outcomes that are produced, including faster return to work and reduced claims costs. Telehealth preserves the integrity of the patient-physician relationship with confidential, HIPAA compliant transactions, while also channeling injured workers to network providers for physical therapy or prescriptions when needed.
“As CorVel continually looks to improve the quality of care for injured workers, telehealth was a logical next step for us,” said David Lupinsky, Vice President, Medical Review Services. “We are adding convenience for the injured worker while significantly reducing lag times from the workplace injury to initial treatment.”
CorVel remains focused on delivering innovative, technology-driven solutions with continuous investments in the Company’s technology infrastructure. All claims data obtained through telehealth visits is loaded into CorVel’s claims management portal, www.caremc.com, in real time making the information easily accessible for all constituents. Telehealth introduces the next generation of on-demand information processing solutions for risk management.
CorVel Corporation is a national provider of innovative workers’ compensation, auto, liability and health solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. We apply technology, intelligence, and a human touch throughout the risk management process so our clients can intervene early and often while being connected to the critical intelligence they need to proactively manage risk. With a robust technology platform at its core, our connected solution is delivered by a national team of associates who are committed to helping clients design and administer programs that meet their organization’s performance goals.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, statements relating to the Company’s results of operations, including product investment strategies, bill review and claims management services. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement.
The risks and uncertainties referred to above include, but are not limited to, factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2015 and the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2014, September 30, 2014 and December 31, 2014. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
CorVel Corporation is publicly traded on the NASDAQ National Market System under the stock symbol CRVL. The CorVel Corporation Annual Report on Form 10-K filed with the Securities and Exchange Commission may be obtained by clicking here or by contacting:
2010 Main Street Suite 600
Irvine, California 92614