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CorVel Announces Revenues and Earnings
Date:8/4/2009

IRVINE, Calif., Aug. 4 /PRNewswire-FirstCall/ -- CorVel Corporation (Nasdaq: CRVL) reported earnings per share of $0.49 for the quarter ended June 30, 2009, a 24% increase compared to $0.40 in the same quarter of the prior year. The Company reported quarterly revenues of $81 million, a 4% increase compared to $78 million in the same quarter of the prior year.

The Company's results are reflective of improved growth in the Network Solutions product line and growth of the Company's integrated claims management services. Growth within Network Solutions was the result of improved savings outcomes for clients combined with improving transaction volumes and growth in specialty review business. New customers and the integration of CorVel's entire suite of products has helped the Company's growth in claims management services. The Company continues to invest in software development across product lines and focuses on the incorporation of artificial intelligence capabilities and workflow management tools for the management of workers' compensation claims and all associated medical and indemnity costs.

CorVel currently conducts electronic interfaces with various government entities as well as between itself and other private sector payors. During the quarter, the Company successfully launched clearinghouse services in Minnesota in response to the State's mandated electronic billing and connectivity between all group purchasers and healthcare providers, or their agents beginning July 15, 2009. In addition, the Company continued the development of Agent services under the new Medicare legislation requiring expanded reporting for insurers, third party administrators and employers. The Company currently provides Medicare Set-Aside (MSA) services for workers' compensation and general liability customers through
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