Business Insurance Names CorVel’s CogencyIQ Information of the Year

The opinion of the company CorVel Corp.

FORT WORTH, Texas, Aug. 09, 2022 (GLOBE NEWSWIRE) — CorVel Corporation (NASDAQ: CRVL ), a global provider of solutions for emergency response problems, has received the 2022 Innovation of the Year award from Business Insurance about CogencyIQ, a comprehensive employee compensation management service that uses state-of-the-art analytics to generate more intelligent, actionable insights. This is the third year in a row CorVel has been recognized for innovative products and services that support risk managers.

CogencyIQ combines artificial intelligence with predictive analytics and insights from leading experts to deliver business intelligence and insights to risk managers. It offers consistent and consistent support including:

  • Integrated reporting package

  • Waste-run analysis

  • Advanced analytics

  • Comparative analysis against industry, market and national trends

  • Program evaluation, evaluation and cost benefit analysis

“We created CogencyIQ to address the challenges of gathering information from the data involved in risk management, and we are honored to be recognized for our efforts,” said Michael Combs, CorVel President and CEO. “CogencyIQ’s growth is a true testament to our team’s hard work and commitment to providing tools, services and support to our partners. Our focus and early adoption of technology in employee payroll has made CorVel a game-changer.”

Business Insurance will recognize the winners at an awards ceremony in New York City on September 14, 2022. Profiles of the winners will be featured in a special digital edition of Innovation and Technology. Business Insurance and the September 2022 issue of Business Insurance. Click here to find out more about the 2022 Innovation Awards. To learn more about CorVel Corporation, please visit www.corvel.com.

About CorVel

CorVel Corp. uses technology including artificial intelligence, machine learning and natural language processing to improve the management of aspects of care and costs related to health care. We work closely with employers, third party administrators, insurance companies and government agencies to manage workers’ compensation and health, auto and liability services. Our range of solutions combines our integrated technologies with a human touch. CorVel’s customized services, delivered locally, are supported by a national team to support customers and clients and patients.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

All statements included in this article, other than historical or historical statements, are forward-looking statements. These forward-looking statements are based on the company’s expectations, estimates of the company’s expectations, management’s beliefs, and other assumptions made by the company, and events beyond the company’s control, which may change. Such forward-looking statements include, but are not limited to, statements regarding the Company’s claims management and the Company’s continued investment in technology and innovation, and statements regarding the Company’s services. These forward-looking statements are not guarantees of future results and involve risks, uncertainties and assumptions that could cause the company’s actual results to differ materially from those expressed in any forward-looking statements, including risks to the company’s results. The impact of the COVID-19 pandemic on our business, operations and financial performance is greater than we originally estimated.

The risks and uncertainties mentioned above include, but are not limited to the factors described in this article and the Company’s filings with the Securities and Exchange Commission, including but not limited to the “Risk Factors” in the Company’s Annual Report on Form 10-K. The year ended on March 31, 2022, and the company’s Quarterly Report on Form 10-Q for these shares ended on June 30, 2022, and on September 30, 2021 and on December 31, 2021. of the date they were made. The Company undertakes no obligation to publicly revise or revise any forward-looking statements for any reason.

Contact: Melissa Storan

Phone: 949-851-1473

www.corvel.com