CorVel Corporation: A Claims Management and Managed Care Provider

Businesses nowadays are getting conscious with the cost of continuing their operations, especially in managing health, work-related injury and disability. Through the invested systems of CorVel Corporation amounting to $200 million, they are able to ensure the success of their clients with the use of their business solutions.

It was in 1987 that the company was founded. Originally named as FORTIS by founders Gordon Clemons, Jeff Michael and Jim Michael, the business was created by consolidating three vocational rehabilitation firms. These three investors were able to bring these three businesses that are valued at $2 million and with over 200 associates. In just 2 years of handling the business, they were able to expand their operations to 51 US locations and entered the business of medical case management and medical bill review.

The business is listed as a provider of solutions for group health, disability insurance markets, auto and liability, worker’s compensation and as well as healthcare management services. They also offer disability management programs, medical bill review, claims management and case management services. The brand name is derived from Latin which means “of one heart” which also serves as a good representation of the 750,000 national network of preferred healthcare providers.

The company uses three elements in conducting their business which helps their clients do early intervention in managing risks. These elements are technology, intelligence and the human touch. They take pride on their invested technology, which would greatly help their customers meet their desired goals. These technological advancements are being handled by company associates who are knowledgeable in the various business needs and are capable of applying solutions while ensuring customer satisfaction. The existence of the business in the market is backed by their solid 30 years of experience in worker’s compensation, solid growth and financial stability.

With an annualized revenue of more than $413 million, CorVel continues to be traded publicly on the NASDAQ. The company is also known as a component of the Russell 2000 Index.