December 15, 2017

CorVel Announces Revenues and Earnings

Irvine, CA – CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter and six months ended September 30, 2014. Revenues for the quarter ended September 30, 2014 were $124 million, a 4% increase over the $119 million in revenue in the quarter ended September 30, 2013. Earnings per share for the quarter ended September 30, 2014 were $0.37 and were $0.41 for the same quarter of the prior year.

Revenues for the six months ended September 30, 2014 were $248 million, a 4% increase over the $237 million in revenue in the six months ended September 30, 2013. Earnings per share for the six months ended September 30, 2014 were $0.77 and were $0.80 for the same period of the prior year.

During the quarter, the Company released new applications for claimants and for healthcare professionals, each of which extended CorVel’s integrated workers’ compensation solution to an additional constituency in an episode of care. CorVel’s integrated service model is increasingly creating an ecosystem in which all stakeholders are connected in real time, streamlining additional aspects of the claims management process. Improving administrative efficiencies impacts the cost of healthcare and the ease with which patients can access service.

The complete earnings release is available here: CorVel Announces Revenues and Earnings

Source: CorVel

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