CORVEL CORP

CORVEL CORP is an independent nationwide provider of medical cost containment and managed care services. The company addresses the rising medical costs associated with workers' compensation benefits, automobile insurance claims, and group health insurance. CorVel utilizes technology, including artificial intelligence, machine learning, and natural language processing, to improve the management of care episodes and related healthcare costs. Services are provided to insurance companies, third-party administrators ("TPAs"), government entities, and self-administered employers to help them manage increasing medical costs in workers' compensation, group health, and auto insurance, and to monitor the quality of care for claimants. CorVel's solutions combine integrated technologies with human interaction. The company offers customized services locally, supported by a national team. Its services include claims management, bill review, preferred provider networks, utilization management, case management, pharmacy services, directed care, and Medicare services. CorVel delivers these solutions in three ways: as a fully integrated claims-management program, as discrete standalone services, or as targeted add-ons that enhance existing client workflows. Integrated, end-to-end bundled programs are primarily for self-insured employers seeking a single, turnkey partner. Individual modules and à-la-carte add-ons are typically for larger relationships, where insurance carriers or TPAs integrate specific CorVel capabilities into a broader service stack. CorVel was incorporated in Delaware in 1987. Its principal executive offices are at 5128 Apache Plume Road, Suite 400, Fort Worth, Texas 76109, and its telephone number is (817) 390-1416. The company maintains a nationwide presence through a network of branches, with its Fort Worth, Texas location serving as a central hub. Additionally, CorVel has Dallas-Fort Worth metropolitan area offices that perform both workers' compensation and group health services.