Trade CorVel Corp - CRVL CFD

CorVel Company profile

About CorVel Corporation

CorVel Corporation is a provider of medical cost containment and managed care services designed to address the medical costs of workers compensation benefits, automobile insurance claims, and group health insurance benefits. The Company's services are provided to insurance companies, third party administrators (TPAs), governmental entities, and self-administered employers to assist them in managing the medical costs and monitoring the care associated with healthcare claims. Its network solutions services include automated medical fee auditing, preferred provider management and reimbursement services, retrospective utilization review, clearinghouse services, independent medical examinations and inpatient medical bill review and many others. Its patient management services include claims management and all services sold to claims management customers, case management, 24/7 nurse triage, utilization management, vocational rehabilitation and life care planning.

Financial summary

BRIEF: For the nine months ended 31 December 2021, CorVel Corporation revenues increased 17% to $474.9M. Net income increased 48% to $46.8M. Revenues reflect Patient management Services segment increase of 15% to $312.8M, Network Solution Services segment increase of 20% to $162M. Basic Earnings per Share excluding Extraordinary Items increased from $1.76 to $2.62.

Equity composition

Common Stock $.0001 Par, 12/10, 60M auth., 25,992,150 issd.,less 14,331,373 shs. in Treas. @ $241.1M. Insiders & Stakeholder owns 45.80%. IPO 5/91, 1,500,000 shares @ $10 by Dain Bosworth Inc. 6/99, 2-for-1 stock split; 9/01, 5/91, 3-for-2 stock splits. 12/06, 3-for-2 stock split.