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CorVel Announces Second Quarter Revenues and Earnings
Date:11/4/2008

IRVINE, Calif., Nov. 4 /PRNewswire-FirstCall/ -- CorVel Corporation (Nasdaq: CRVL) reported earnings per share of $0.36 for the quarter ended September 30, 2008, compared to $0.40 in the same quarter of the prior year. For the six months ended September 30, 2008 earnings were $0.75 per share compared to the same period in the prior year of $0.79 per share.

The Company reported quarterly revenues of $78 million, up from prior year quarterly revenues of $74 million. For the six months ended September 30, 2008, revenues were $156 million, representing a 6% increase from the $148 million in revenues achieved in the same period of the prior year.

During the quarter the Company continued to expand its Enterprise Comp workers' compensation claims management solutions. Investments have been made in the expansion and strengthening of systems as well as in operations staffing. During the current quarter investments will be focused on the incorporation of artificial intelligence capabilities and workflow management tools CorVel has in the past successfully introduced to its medical review services.

In addition, CorVel's line of directed care networks continued to expand. These services include a growing line of diagnostic imaging, physical therapy, durable medical equipment, independent medical examinations and other ancillary services for workers' compensation claimants. The Company is continuing to add resources to the call centers, software and systems supporting these services. The directed care networks provide preferred appointment scheduling assistance for claimants.

About CorVel

CorVel Corporation (http://www.corvel.com/) is a national provider of leading-e
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SOURCE CorVel Corporation
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