Sector: Indices SP 600
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CorVel Corporation provides medical cost-containment and managed care services to insurance companies, third-party administrators, and self-administered employers in the United States. It offers services in two categories, network solutions and patient management services. The company's network solutions services include automated medical fee auditing, preferred provider services, retrospective utilization review, independent medical examinations, MRI examinations, and inpatient bill review. CorVel's patient management services involve working on a one-on-one basis with injured employees, as well as their healthcare professionals, employers, and insurance company adjusters. These services include medical case management, early intervention, telephonic case management, utilization management, telephonic case management, precertification of hospitalization, inpatient utilization review, vocational rehabilitation, Medicare set asides, life care planning, and critical stress incident debrief. The company was founded in 1987 by V. Gordon Clemons as FORTIS and changed its name to CorVel Corporation in 1992. CorVel is headquartered in Irvine, California.