Lori Landon Appointed Vice President of Network Solutions at CorVel Corp.

Rhea-AI Summary

CorVel Corporation (NASDAQ: CRVL) announced Lori Landon as Vice President of Network Solutions, bringing over 20 years of experience in the workers' compensation sector. Landon will oversee various products, streamline workflows, and lead competitive market analysis to enhance service capabilities. The company attributes its recent growth to an agile technical foundation that has successfully adapted to increased telehealth demand. This strategic addition aims to strengthen CorVel's innovative offerings and fulfill its commitment to improving customer outcomes.

Positive

• Appointment of Lori Landon as Vice President of Network Solutions, bringing over 20 years of experience.
• Landon's role includes overseeing Bill Review, PPO and Pharmacy products, which may streamline operations.
• CorVel's adaptability led to growth amid a surge in telehealth demand.

Negative

• None.

Industry veteran brings extensive experience to nationwide leader in technology-driven programs for workers' compensation solutions

IRVINE, Calif., March 09, 2021 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL), a national provider of risk management solutions, has named Lori Landon as Vice President, Network Solutions. Landon brings more than 20 years of wide-ranging workers’ compensation industry experience to support CorVel’s ongoing commitment to innovation that enhances end-to-end care and provides valuable information and insight to customers.

As Vice President of Network Solutions at CorVel, Landon will oversee Bill Review, PPO and Pharmacy products while streamlining workflows and automation — from clinical services to the mailroom. She also will conduct competitive market analysis, further refine strategic product innovation roadmaps, enhance competitive pricing structures, and engage with cross-functional teams to develop new service capabilities, platform enhancements and business solutions.

“Lori is natural fit for CorVel because of her ability to identify enterprise opportunities, build technical and operational capabilities, and develop superior solutions for our customers,” said Michael Combs, President and CEO of CorVel. “Her extensive experience and dedication to improving workers’ compensation results align with CorVel’s core values and goals, we are very pleased to have her join our team.”

Landon has a strong track record of creating, designing and building customer-centric solutions and products, and successfully managing strategic implementations to drive better outcomes and reduce medical costs. Throughout her career, she has held many senior leadership positions in operations, service delivery, finance, account management, sales, and product and solutions development.

“What drove me to join CorVel was the passion that each of the team members expressed about the culture at the company, along with the patient-focused approach to workers’ compensation,” said Landon. “CorVel’s end-to-end services that leverage innovative technology are unique in the marketplace, and something I look forward to supporting. More importantly, CorVel is truly a family. The entrepreneurial environment where everyone has a stake in the decision-making process makes me excited to be a part of the team.”

CorVel has risen to the challenges of 2020 is thriving due to its solid technical foundation and agility, which have allowed the company to easily scale to meet the tenfold increase in telehealth demand. CorVel’s continuing ability to adapt to the evolving needs of their broad customer base also factors into their recent growth. The addition of Landon will allow for the development, implementation and maintenance of competitive and effective programs to support the Network Solutions product in conjunction with other corporate goals and objectives.

About CorVel

CorVel Corporation is a national provider of innovative workers’ compensation, auto, liability and health solutions for employers, third-party administrators, insurance companies and government agencies seeking to control costs and promote positive outcomes. We apply technology, intelligence and a human touch throughout the risk management process so our clients can intervene early and often while being connected to the critical intelligence they need to proactively manage risk. With a robust technology platform at its core, our connected solution is delivered by a national team of associates who are committed to helping clients design and administer programs that meet their organization’s performance goals.

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 network solution services and the Company’s continued investment in these and other innovative technologies, and statements relating to the Company’s strategic alliances within the healthcare market. 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, 2020 and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2020 and September 30, 2020. 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

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

 

FAQ

What is the significance of Lori Landon's appointment at CorVel Corporation (CRVL)?

Lori Landon's appointment as Vice President of Network Solutions is significant as she brings extensive experience and will enhance CorVel's operational capabilities and product offerings.

How has CorVel Corporation (CRVL) adapted to telehealth demand?

CorVel Corporation has successfully adapted to increased telehealth demand due to its agile technical foundation, allowing it to scale operations effectively.

What are the key responsibilities of the new Vice President at CorVel Corporation (CRVL)?

The new Vice President, Lori Landon, will oversee Bill Review, PPO and Pharmacy products, streamline workflows, and conduct competitive market analysis.

How does CorVel Corporation (CRVL) plan to improve customer outcomes?

CorVel Corporation aims to improve customer outcomes by leveraging innovative technology and enhancing service capabilities under the guidance of Lori Landon.