CorVel Corp (CRVL) is an independent provider of medical cost containment and managed care services. The company’s services are designed to manage the medical costs of workers’ compensation and other health care benefits primarily for coverage under group health and auto insurance policies. CorVel provides networks of preferred providers, claims administration, case management, utilization management, and medical bill review to more than 2,000 clients nationwide.

CorVel announced on June 10, 2008 record earnings per share of $0.44 for the 1st quarter of 2008 versus $0.37 in the 1st quarter last year. Revenues in the 1st quarter were $77 million, up from last year’s $70 million. The company’s introduction of full-service workers compensation solution, named Enterprise Comp, contributed greatly to the improvement in the company’s figures. Management expects the positive trends in the health care management industry to continue for the foreseeable future, which should bode well for the company.

CorVel’s specialty is in applying information technology and e-commerce applications to improve healthcare management in the workers’ compensation and disability management insurance markets, along with the group health and group auto insurance markets. Health care management is an absolute necessity for most companies in today’s economic environment. CorVel is considered to be a leading-edge company in the field and should be able to profit from the current economic trends.

The company’s ability to integrate managed care and claims management services is delivering tremendous savings results for employers and more business for CorVel. The company’s stock has benefitted in the last year. The stock is at a 52-week high and is nearly 50% above the 52-week low.

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