IRVINE, Calif., April 10 /PRNewswire-FirstCall/ -- CorVel Corporation (Nasdaq: CRVL), a national healthcare management company, today announced the launch of the dashboard, a graphical tool for employers and claims professionals seeking high level information to manage their benefits programs. The dashboard is featured within CorVel's business to business website, http://www.caremc.com . CareMC provides a managed care portal in which employers, patients, payors and providers can work together to optimize disability claims' outcomes.
Risk managers and claims management professionals must act in real time, on information summarized to facilitate decisions. CorVel's new dashboard brings a variety of critical reports together in one central screen. Scheduled for introduction at this year's Risk and Insurance Management Society Conference and Exhibition in New Orleans, April 15 through April 18, this decision-support tool brings multiple information streams together in a console from which management can quickly see developing trends and make timely decisions.
The dashboard is a central feature of CorVel's CareMC website. The CareMC website facilitates healthcare transaction processing. Information gathered in CareMC is immediately consolidated and available to benefits management personnel, insurers, patients and treating physicians. Using artificial intelligence techniques, the website provides situation alerts and event triggers, to facilitate prompt and effective decisions. Users of the dashboard can quickly see where event outliers are occurring within the claims management process. If costs exceed pre-determined thresholds or activities fall outside expected timelines, decision-makers can be quickly notified. Large amounts of information are consolidated and summarized to help customers focus on the critical issues.
CareMC can be customized to match the unique needs of each user, and be connected with Human Resource and/or payroll systems. For instance, when integrated with the employer's payroll system, users of the site can be assured of having accurate employee identification, including all related demographics. Increasingly, the integration of systems is possible and CareMC is designed to make such connections easy and efficient. The elimination of data errors and the time delays involved with paper processing, are two of the big advantages of moving to web-based processing. Summary reports of injury experience help employers better understand how to improve safety results. By tracking both occupational and non-occupational absences, CareMC enables much improved productivity management.
About CareMC
CareMC connects employers, claims professionals, providers and case managers, accelerating the resolution of disability claims and improving outcomes. CareMC tools address: absence management, claim status reporting, case manager updates and medical bill adjudication. By integrating all of the managed care services involved in an episode of care, CareMC extends the value in the automated processing of incident reporting to other components of claims management.
About CorVel
CorVel Corporation ( http://www.corvel.com ) is a national provider of leading-edge services and solutions in the field of managed healthcare. CorVel specializes in applying information technology and eCommerce applications to improve healthcare management in the workers' compensation, group health, auto and disability management insurance markets. The Company provides networks of preferred providers, case management, utilization management, independent medical evaluations and medical bill review to more than 1,500 clients through its 3,200 associates and 185 offices in 49 states. Leveraging its commitment to flexibility and personal service, CorVel delivers custom solutions for employers, insurers, third party administrators and government entities.
This press release contains forward-looking statements that are subject to risks and uncertainties, including the risk that the historical financial performance of CorVel may not be indicative of future financial performance and the risk that the recent performance of CorVel's Common Stock may not be indicative of its future performance, as well as other risks detailed from time to time in the company's SEC reports, including the report on Form 10-K for the year ended March 31, 2001, and the company's most recent Form 10-Q.
SOURCE CorVel Corporation
Web site: http://www.caremc.com http://www.corvel.com
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CONTACT: Heather Burnham of CorVel Corporation, +1-949-851-1473
