CRVL CorVel Corp

CorVel Corporation, a leading provider of risk management services, today announced the launch of CorVel University, a comprehensive national training initiative designed to equip candidates with the necessary skills and knowledge to excel as claims specialists in various jurisdictions.

“CorVel is unique in our ability to integrate our proprietary technology and multiple data streams to produce superior outcomes,” said Jeff Gurtcheff, Vice President, Enterprise Comp Solutions, CorVel. “As we add additional enhancements with artificial intelligence and machine learning, our claims professionals will have the industry’s most intelligent and automated system at their fingertips. CorVel University will ensure they can take full advantage of these tools and have a path and a plan for career development.”

Each session will last four weeks. Classes will be taught by experienced CorVel executives and specialists in a combination of in-person and remote sessions. The curriculum will include:

• An in-depth examination of workers’ compensation claims administration, including regulatory and jurisdictional compliance, types of claims, the life cycle of a claim, special handling, and performance standards for claims management.
• All aspects of CorVel products and services, including how integration produces more accurate processing and outcomes and how the various teams collaborate to deliver a holistic claims management approach.
• The principles and practices that are unique to the CorVel culture.

By the end of the program, candidates will have a thorough knowledge of workers’ compensation claims management, mastery of CorVel’s approach to claims management, and an understanding of the CorVel culture. Graduates will be integrated into claim operations and developed into claim specialists with local mentors.

“We are in a new era in claims management: automating many previously manual processes, bringing in artificial intelligence and machine learning to make better, faster decisions, and enabling claims staff to focus on serving the needs of the injured workers,” noted Gurtcheff. “Through this structured and rigorous training program, CorVel is demonstrating our commitment to providing a skilled and competent workforce that can deliver exceptional services to our clients while fostering employee retention and professional growth.”

For more information on CorVel University, visit corvel.com/corvel-university/

About CorVel

CorVel Corp. applies technology including artificial intelligence, machine learning and natural language processing to enhance the managing of episodes of care and the related health care costs. We partner with employers, third-party administrators, insurance companies and government agencies in managing worker’s compensation and health, auto and liability services. Our diverse suite of solutions combines our integrated technologies with a human touch. CorVel's customized services, delivered locally, are backed by a national team to support clients as well as their customers and patients.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, statements relating to the Company’s managed care services and the Company’s continued investment in these and other innovative technologies, and statements relating to the Company’s workers’ comp service offerings. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties, and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement, including the risk that the impact of the COVID-19 pandemic on our business, results of operations and financial condition is greater than our initial assessment.

The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2023 and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2023, September 30, 2022, and December 31, 2022. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.

CorVel Corporation

801 Cherry St. #2400

Fort Worth, TX 76102

Contact: Melissa Storan

Phone: 949-851-1473

www.corvel.com