{ "schemaVersion": 1, "organisationId": "O-98212bc68b5c406b9d550b6cec69ff15", "slug": "corvel-corp", "name": "CORVEL CORP", "updatedAt": "2026-10-02T13:49:53.558596Z", "sections": [ { "type": "OVERVIEW", "text": "CorVel Corp. is a U.S. managed-care company focused on medical cost containment and claims-related services for workers’ compensation, auto claims, and group health. Its offerings include claims management, bill review, provider networks, utilization and case management, pharmacy, and Medicare services; it reports one operating segment, managed care. [P122691263][P122691264][P122691874]\n\nThe company serves customers nationwide, including insurers, third-party administrators, government entities, and self-administered employers. CorVel states its mission as “Taking care of people & business.” [P122691263][P122691265][https://www.corvel.com/company/] Incorporated in 1987 and headquartered in Fort Worth, Texas, it reported fiscal 2026 revenue of $958.5 million. Its FY2025 annual report described more than 5,000 team members; this is a historical company-reported size indicator, not a confirmed FY2026 headcount. [P122691265][T14146006][https://www.corvel.com/static/641af2a4bc10ca76c1bbbdbef1bd4536/CorVel_Annual_Report_2025_Digital_Final.pdf]\n[P122691263][P122691264][P122691874][P122691265][https://www.corvel.com/company/][T14146006][https://www.corvel.com/static/641af2a4bc10ca76c1bbbdbef1bd4536/CorVel_Annual_Report_2025_Digital_Final.pdf][https://www.corvel.com/company/][https://www.corvel.com/static/641af2a4bc10ca76c1bbbdbef1bd4536/CorVel_Annual_Report_2025_Digital_Final.pdf]", "updatedAt": "2026-10-02T13:49:53.558596Z" }, { "type": "PRODUCTS", "text": "CorVel’s patient-management services include claims administration and management, medical case management, 24/7 nurse triage, utilization management, vocational rehabilitation, and life-care planning. These services assess medical necessity and appropriateness and support return-to-work efforts; they may be provided independently or integrated with cost-containment services. In FY2026, patient-management revenue was $596 million, or 62.3% of total revenue. [P122691649][T14146002]\n\nIts network-solutions offerings include automated medical-fee and bill review, preferred-provider management, retrospective utilization review, pharmacy and Medicare solutions, clearinghouse services, independent medical examinations, and inpatient medical-bill review. CareIQ directed-care services include imaging, physical therapy, durable medical equipment, translation, and transportation. Network solutions generated $362 million, or 37.7% of FY2026 revenue. [P122691647][T14146002]\n\nCorVel’s proprietary bill-review technology uses customized automated algorithms to process bills, with an AI engine containing more than 100 million individual rules and support for paperless processing. CareMC connects providers, payors, employers, and patients for functions including injury reporting, appointment scheduling, bill review, and claim management; AI-enabled alerts identify cost thresholds, outlier events, and timeline deviations. Its Care navigation services include nurse-led injury assessment and, for screened workers with qualifying musculoskeletal injuries, HIPAA-compliant telehealth. [P122691282][P122691356][P122691365][P122691336]\n[P122691649][T14146002][P122691647][P122691282][P122691356][P122691365][P122691336]", "updatedAt": "2026-10-02T13:49:53.558596Z" }, { "type": "GEOGRAPHY", "text": "CorVel’s operations and sales are nationwide in the United States. As of March 31, 2026, it operated 59 leased branch offices across 39 states, in addition to an owned office building in Milwaukie, Oregon; it describes its workers’ compensation services as available in any U.S. state or region. Its principal executive offices are in Fort Worth, Texas, which it identifies as a central hub, with additional offices in the Dallas–Fort Worth area. [P122691369][P122691540][P122691265]\n\nThe company’s national branch network and account executives support sales across geographic markets, and its regional vice presidents oversee multiple states. Its provider network included more than 1.2 million providers nationwide as of March 31, 2026. [P122691369][P122691278][P122691301] CorVel does not report revenue by country or region in the available FY2026 information. The latest stated employee figure is 5,075 as of March 31, 2025, with the workforce located in the United States; a geographic employee breakdown was not provided. [P122691654][P122691666][P56892397]\n[P122691369][P122691540][P122691265][P122691278][P122691301][P122691654][P122691666][P56892397]", "updatedAt": "2026-10-02T13:49:53.558596Z" }, { "type": "SEGMENTS", "text": "CorVel reports one operating and reportable segment, **managed care**; its geographic regions provide both service lines rather than constituting separate reportable segments. [P122691654][P122691656]\n\nWithin managed care, **patient management** includes claims administration, case management, nurse triage, utilization management, vocational rehabilitation, and life care planning. It generated approximately **62.3% of FY2026 revenue**. [P122691671][P122691986][T14146034] **Network solutions** includes fee-schedule and hospital-bill auditing, pharmacy, independent medical examinations, directed care, diagnostic-imaging review, and preferred-provider referrals; it contributed approximately **37.7% of FY2026 revenue**. These are service lines, not separately reported operating segments. [P122691671][P122691986][T14146034]\n[P122691654][P122691656][P122691671][P122691986][T14146034][T14146034]", "updatedAt": "2026-10-02T13:49:53.558596Z" }, { "type": "HISTORY", "text": "CorVel Corporation was incorporated in Delaware in 1987, and company accounts identify 1988 as the start of founder V. Gordon Clemons’s leadership of the business. [P122691836][https://www.corvel.com/insights/corvel-where-the-grass-is-greener/] The company has been listed on Nasdaq since 1991, and in 1992 it began offering its proprietary national preferred-provider-organization network. [https://www.corvel.com/investors/][P178615297]\n\nIn 2007, CorVel acquired The Schaffer Companies, a provider of integrated medical management, claims-processing and technology services. [https://www.sec.gov/Archives/edgar/data/874866/000089256907000741/a30930exv99w1.htm] It developed telehealth services for workers’ compensation in 2014 and added the service in 2015. [https://www.corvel.com/insights/virtual-care/] Michael G. Combs became president in 2017 and CEO in 2019; in November 2024, he became chairman as Clemons retired from the company and its board. 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