82.23
-1.12%
Close of 9 Nov 2026, in USD
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About CorVel
From its filings with the US Securities and Exchange Commission
CorVel is based in Portland, Oregon and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker CRVL. The SEC classifies its business as insurance agents, brokers & service. In the fiscal year to 31 March 2026, it reported revenue of $958.5m and net income of $110.3m. At that date it held total assets of $643.0m and shareholders' equity of $394.2m.
CorVel is an independent nationwide provider of medical cost containment and managed care services designed to address the escalating medical costs of workers’ compensation benefits, automobile insurance claims, and group health insurance. CorVel applies certain technology, including artificial intelligence, machine learning, and natural language processing, to enhance the management of episodes of care and the related health-care costs. We provide services to insurance companies, third-party administrators (“TPAs”), government entities, and self-administered employers to assist them in managing the increasing medical costs of workers’ compensation, group health and auto insurance, and monitoring the quality of care provided to claimants. Our diverse suite of solutions combines our integrated technologies with a human touch. CorVel’s customized services, delivered locally, are backed by a national team to support its clients, as well as their customers and patients.
The Company’s services include claims management, bill review, preferred provider networks, utilization management, case management, pharmacy services, directed care, and Medicare services. CorVel delivers its solutions three ways – as a fully integrated claims-management program, as discrete standalone services, or as targeted add-ons that enhance an existing client workflow. Integrated, end-to-end bundled programs are designed primarily for customers that are self-insured employers who want a single, turnkey partner.
Quoted from its 10-K, filed 22 May 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Health Care
- Industry
- Health Care Providers & Services
- Listed since
- 28 Jun 1991
- Employees
- 5,239
- Website
- corvel.com ↗
- Head office
- 1800 SW FIRST AVENUE, PORTLAND, OR, 97201
- Incorporated in
- DE
- Classification
- Insurance Agents, Brokers & Service
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Michael CombsChairman of the Board, President, Chief Executive Officer, since 2015$1.2m
- Mr. Brian NicholsChief Financial Officer
- Mr. Mark BertelsExecutive Vice President - Risk Management Services$496,800
- Mr. Maxim ShishinChief Information Officer$556,620
- Ms. Jennifer YossVice President - Accounting$327,877
- Mr. Richard SchweppeSecretary$222,998
- Mr. R. Judd JessupLead Independent Director$183,862
- Ms. Joanna BurkeyIndependent Director$618,036
- Mr. Steven HamerslagIndependent Director$175,862
- Mr. Alan HoopsIndependent Director$176,862
- Mr. Jeffrey MichaelIndependent Director$95,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 62
- Environment
- 71
- Social
- 39
- Governance
- 76
- Women in the workforce
- 80%
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- One of the strengths of CorVel Corp is its strong industry reputation. The company has been operating in the market for several years and has established itself as a reliable and trusted provider of healthcare management and solutions.
- CorVel Corp also possesses advanced technology and proprietary systems that give it a competitive edge. These systems allow for efficient data management, accurate reporting, and streamlined processes, enabling the company to deliver quality services to its clients.
Weaknesses
- One of the weaknesses of CorVel Corp is its dependence on key clients. The loss of a major client or a decline in client retention could negatively impact the company's financial performance. Diversifying the client portfolio could help mitigate this risk.
- Another weakness is the potential impact of regulatory changes in the healthcare industry. CorVel Corp must stay updated with the evolving regulations and adapt its business strategies accordingly to ensure compliance and avoid any disruptions.
Opportunities
- CorVel Corp has an opportunity to expand its market presence by offering its services to new geographic regions. By targeting untapped markets, the company can increase its customer base and revenue potential.
- Additionally, with the ongoing advancements in technology and the growing demand for healthcare solutions, there is an opportunity for CorVel Corp to develop and offer innovative services that address emerging industry needs. This can help the company differentiate itself and attract new clients.
Threats
- One of the threats facing CorVel Corp is intense competition within the industry. There are numerous competitors offering similar services, making it crucial for the company to continuously enhance its offerings and maintain a strong competitive advantage.
- Another threat is the potential impact of economic downturns. During periods of economic uncertainty, companies may reduce their spending on healthcare management services, which could adversely affect CorVel Corp's revenue and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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