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CorVel Announces Record Earnings Per Share
Date:2/5/2008

IRVINE, Calif., Feb. 5 /PRNewswire-FirstCall/ -- CorVel Corporation (Nasdaq: CRVL) reported record earnings per share of $0.43 for the quarter ended December 31, 2007, up 61% from the $0.27 earnings per share reported for the quarter ended December 2006. The December 2007 quarter revenues were $76.7 million, up 15% from $66.6 million in the December quarter of 2006. Revenues and earnings for the December 2007 quarter reflected the Company's improving results in all product lines, as well as the current Enterprise Comp expansion.

The Enterprise Comp line of full service solutions in workers compensation continued to be well received in the market. This business group has been expanding its management team, integrating systems and continuing the five year effort CorVel has made to develop unique workflow tools for the management of workers compensation claims. Integration of these tools with CorVel's previously existing managed care software and services contributed to results improvements in the quarter.

December 2007 quarter results benefited from continuing improvements in medical bill review and preferred provider services (PPO) savings achieved for customers. The Company's specialty medical review businesses are expanding its services to the Accident & Health market. CorCare, CorVel's national workers compensation PPO, is expanding the access of its services by insurers, TPA's and other managed care vendors. Expansions to the breadth and depth of the CorCare PPO, further improved patient access.

The pace of business expansion, coupled with investments in the Company's systems infrastructure, has caused increases in expenses. During the December 2007 quarter the Company's data center moved most of its operations int
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SOURCE CorVel Corporation
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