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CorVel Announces New Integrations for Managed Care Services Enabling Partners to Increase Connectivity and Create a Seamless Workflow Experience

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CorVel (NASDAQ: CRVL) has announced new integrations for managed care services, powered by advanced technologies such as Generative AI. The company is introducing a new hub platform to the carrier market to enhance partners' IT capabilities and improve program outcomes. CorVel's data and service hub will offer a modern approach to managed care, providing customers with a comprehensive view of their data and analytics. The Generative AI Document Viewer will give access to augmented document summaries, enhancing insights for claims and clinical personnel. These innovations aim to create seamless solutions and improve connectivity for partners, ultimately enhancing patient care.
CorVel (NASDAQ: CRVL) ha annunciato nuove integrazioni per i servizi di assistenza gestita, supportate da tecnologie avanzate come l'Intelligenza Artificiale Generativa. La società sta introducendo una nuova piattaforma hub sul mercato delle assicurazioni per potenziare le capacità IT dei partner e migliorare i risultati dei programmi. L'hub di dati e servizi di CorVel offrirà un approccio moderno all'assistenza gestita, fornendo ai clienti una visione completa dei loro dati e analisi. Il Visualizzatore di Documenti con AI Generativa permetterà l'accesso a riassunti di documenti potenziati, migliorando le intuizioni per il personale addetto alle richieste e clinico. Queste innovazioni mirano a creare soluzioni fluide e migliorare la connettività per i partner, migliorando in ultima analisi l'assistenza ai pazienti.
CorVel (NASDAQ: CRVL) ha anunciado nuevas integraciones para servicios de cuidado gestionado, impulsadas por tecnologías avanzadas como la IA Generativa. La compañía está introduciendo una nueva plataforma central al mercado de aseguradoras para mejorar las capacidades de TI de los socios y los resultados de los programas. El centro de datos y servicios de CorVel ofrecerá un enfoque moderno para el cuidado gestionado, proporcionando a los clientes una visión integral de sus datos y análisis. El Visor de Documentos con IA Generativa facilitará acceso a resúmenes de documentos aumentados, mejorando las percepciones para el personal de reclamaciones y clínico. Estas innovaciones buscan crear soluciones integradas y mejorar la conectividad para los socios, mejorando finalmente la atención al paciente.
CorVel (나스닥: CRVL)은 Generative AI와 같은 최신 기술을 활용한 관리형 케어 서비스를 위한 새로운 통합을 발표했습니다. 이 회사는 파트너의 IT 능력을 강화하고 프로그램 결과를 개선하기 위해 캐리어 시장에 새로운 허브 플랫폼을 도입하고 있습니다. CorVel의 데이터 및 서비스 허브는 고객에게 자신의 데이터와 분석에 대한 포괄적인 전망을 제공하는 현대적인 관리형 케어 접근 방식을 제공할 것입니다. Generative AI 문서 뷰어는 청구 및 임상 인력에게 통찰력을 향상시킬 수 있는 증강된 문서 요약에 대한 접근을 제공할 것입니다. 이러한 혁신은 원활한 솔루션을 창출하고 파트너에 대한 연결성을 개선하여 결국 환자 치료를 향상시키는 것을 목표로 합니다.
CorVel (NASDAQ : CRVL) a annoncé de nouvelles intégrations pour les services de soins gérés, alimentées par des technologies avancées telles que l'IA Générative. La société introduit une nouvelle plateforme hub sur le marché des assureurs pour renforcer les capacités informatiques des partenaires et améliorer les résultats des programmes. Le hub de données et de services de CorVel offrira une approche moderne de la gestion des soins, fournissant aux clients une vue complète de leurs données et analyses. Le Visualiseur de Documents IA Générative permettra l'accès à des résumés de documents augmentés, améliorant les insights pour le personnel des réclamations et clinique. Ces innovations visent à créer des solutions fluides et améliorer la connectivité pour les partenaires, améliorant finalement les soins aux patients.
CorVel (NASDAQ: CRVL) hat neue Integrationen für verwaltete Pflegedienste angekündigt, die durch fortschrittliche Technologien wie generative KI unterstützt werden. Das Unternehmen führt eine neue Hub-Plattform auf dem Versicherungsmarkt ein, um die IT-Fähigkeiten der Partner zu verbessern und die Programmergebnisse zu verbessern. CorVels Daten- und Service-Hub wird einen modernen Ansatz für verwaltete Pflege bieten, der den Kunden einen umfassenden Überblick über ihre Daten und Analysen bietet. Der Generative KI-Dokumentenbetrachter wird Zugang zu erweiterten Dokumentenzusammenfassungen gewähren, die Einblicke für das Anspruchs- und Klinikpersonal verbessern. Diese Innovationen zielen darauf ab, nahtlose Lösungen zu schaffen und die Konnektivität für Partner zu verbessern, letztendlich die Patientenversorgung zu verbessern.
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New integrations are propelled by technology that will create a best-in-class marketplace of services

FORT WORTH, Texas, April 23, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL), a national provider of risk management solutions, is announcing upcoming innovations to its managed care service offerings. Over the past year, CorVel has invested substantially in advanced technologies, particularly Generative AI. As a result, CorVel is pleased to introduce a new hub platform to the carrier market. This offering will lessen our partners' IT constraints and lead to better program outcomes.

Founded over thirty years ago, CorVel started as a managed care solutions provider, and these services have remained the cornerstone of the business. As a leader in the industry, CorVel is committed to technological innovation and bringing new solutions to our partners. The initiative results from engagement and collaboration with our partners following CorVel’s philosophy of connecting technology and humans in a high-tech, high-touch environment.

CorVel’s data and service hub will offer a unique, modern approach to managed care. This technology will provide customers with a comprehensive 360-degree view of their data with unparalleled analytics, allowing them to automate tasks and increase efficiencies within their business models. This enhancement will deliver the capability to seamlessly integrate CorVel's products with their claim platform, as well as with other analytics platforms, ancillary service providers, PPO vendors, and more.

“As the premier managed care vendor in the market, we are excited to announce our new integration services,” said Michael Combs, CorVel’s President and CEO. “This marketplace will create unmatched connectivity for our partners, allowing them to manage claims more effectively, achieving better results and providing better care for patients.”

Another exciting new offering is CorVel’s Generative AI Document Viewer. This technology will give managed care customers access to our newest innovation, augmented document summaries. Leveraging predictive AI, generative AI, and industry-specific large language models, the CorVel AI Document Viewer creates document summaries and identifies key data elements to deliver actionable insights to claims and clinical personnel within their native systems through EDI, API, and web services - By ingesting and analyzing new information as soon as it is available, the technology helps claims and clinical professionals stay current on important claim and treatment events and highlight the most relevant information.

“CorVel approaches healthcare with a unique perspective by offering our partners a holistic approach. Our goal is to create seamless solutions that address both their business needs and the well-being of their people," said Ron Wojciechowski, Vice President of Managed Care Strategy at CorVel. “These integration services deliver managed care support in a way that makes customers' lives easier and brings a connected experience to the market that is one of a kind.”

These integrations are part of CorVel’s newest campaign, “Managed Care, Your Way”. Our partners' challenges are unique, and so are our strategies to overcome them. To learn more about CorVel’s managed care services, visit https://www.corvel.com/managed-care/.

About CorVel
CorVel Corp. applies technology, including artificial intelligence, machine learning, and natural language processing, to enhance the management of episodes of care and related health care costs. We partner with employers, third-party administrators, insurance companies, and government agencies in managing workers’ 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 our partners and 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, 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, 2024, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2023, September 30, 2023, and December 31, 2023. 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.

Contact: Melissa Storan
Phone: 949-851-1473
www.corvel.com
 

FAQ

What new integrations has CorVel announced for managed care services?

CorVel (NASDAQ: CRVL) has announced new integrations for managed care services, powered by advanced technologies such as Generative AI.

What is the purpose of the new hub platform introduced by CorVel ?

The new hub platform introduced by CorVel aims to enhance partners' IT capabilities and improve program outcomes in the carrier market.

What does CorVel's data and service hub offer to customers?

CorVel's data and service hub offers customers a comprehensive view of their data and analytics, enabling automation of tasks and increased efficiencies within their business models.

What is the Generative AI Document Viewer introduced by CorVel ?

The Generative AI Document Viewer introduced by CorVel provides access to augmented document summaries, enhancing insights for claims and clinical personnel.

What is the goal of CorVel 's latest campaign, 'Managed Care, Your Way'?

CorVel 's latest campaign, 'Managed Care, Your Way', aims to provide unique strategies to address partners' challenges in managed care services.

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