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Stock impact report

CorVel Announces Revenues and Earnings

CorVel Corp. (CRVL) 
US:NASDAQ Investor Relations: corvel.com/investors
Company Research Source: GlobeNewswire
IRVINE, Calif., July 30, 2019 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter ended June 30, 2019. Earnings per share for the quarter ended June 30, 2019 were $0.71, an increase of 15% from earnings per share of $0.62 in the same quarter of the prior year. Revenues for the quarter ended June 30, 2019 were $150.1 million, a decrease of 0.2% from revenues of $150.4 million in the same quarter of the prior year. The Company continues the development of its prospective claims management platform, CareMC EdgeSM, with new functionality deployed each quarter. The goal of the platform is to increase communication and collaboration among all stakeholders of a claim. During the quarter, enhancements were completed to facilitate robust routing and communication between Adjusters and the Pharmacy Benefit Management team, which allows for enhanced pharmacy eligibility and prescription prior authorizations to improve clinical outcomes. Integration of o Show less Read more
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