Irvine, CA – CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter ended June 30, 2018. Revenues for the quarter ended June 30, 2018 were $150 million, an increase 9.3% from revenues of $138 million in the same quarter of the prior year. Earnings per share for the quarter ended June 30, 2018 were $0.62, an increase of 34.8% from earnings per share of $0.46 in the same quarter of the prior year.
The pace of innovation in the risk management industry continues to drive the Company’s strategic investments, most recently in the area of business intelligence and analytics. Through the Company’s Adjuster workstation, The EdgeSM, CorVel is able to fully leverage business analytics, through the integration of a program’s entire set of data, to provide clients with actionable insight. Real-time access to this full complement of data supports the Company’s long-standing advocacy for a bundled solution.
The Company has continued efforts to improve the intake process through the development of an integrated intake module, which will help to reduce the lag time between initial incident or injury and the provision of interventions. The company was recently recognized by American Well as a recipient of its 2018 Integration Leadership Award at the company’s Annual Client Forum. The Integration Leadership Award recognized CorVel for their successful integration of telehealth and workers’ compensation.
The complete results release is available here: CorVel Revenue and Earnings for Q2 2018