CorVel Launches “Center of Excellence” for Vocational Evaluation Services

To meet the growing demand for cost-effective vocational evaluation services in workers’ compensation, CorVel Corporation(NASDAQ: CRVL), a national provider of risk management solutions, has created a “center of excellence” for its clients, offering services virtually and in-person across the U.S.

“Companies are focused on keeping good employees, so they value in-depth vocational evaluation assistance that enables them to get injured employees back to work in the right job situation, safely and productively,” noted Karen Thomas, Vice President, Clinical Services at CorVel. “By ramping up our resources, we are better equipped to help our customers with these challenges.”

CorVel’s vocational evaluation services include various assessments and research tools designed to identify barriers, offer creative solutions, and promote a faster return to work for injured employees. They can encompass specific claim needs such as ergonomic evaluations, vocational testing, onsite job analysis, or employment potential evaluations. In addition, they can provide specialty services for claims that are stalled or need direction or that may be denied or litigated. Vocational evaluations are a cost-effective alternative to vocational rehabilitation case management and can provide claim specialists assessments and testing that lead to efficient return-to-work strategies.

“The pandemic has changed the nature of vocational evaluation services,” said Lea K. Gallop, a CorVel Case Management Manager. “In many cases, the nature of jobs and workplace configuration has changed. More people are working from home. Opportunities for equivalent positions with the employer or community may differ greatly. Re-training may be necessary. Consequently, successful re-integration into the workplace requires even more careful and thorough evaluation, planning, and execution.”

CorVel’s experienced team is made up of vocational experts, evaluators, vocational counselors, and occupational therapists, all nationally credentialed as certified rehabilitation counselors (CRC) or certified disability management specialists (CDMS). In addition, the team has expertise in all state jurisdictions.

For more information, visit https://www.corvel.com/services/workers-compensation/case-management/vocational-services/

About CorVel

CorVel Corp. applies technology, including artificial intelligence, machine learning, and natural language processing, to enhance the managing of episodes of care and related health care costs. We partner with employers, third-party administrators, insurance companies, and government agencies in managing worker’s compensation and health, auto, and liability services. 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 our partners and their customers and patients.

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

All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates, and projections about the Company, management’s beliefs, certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include but are not limited to, statements relating to the Company’s case management services and the Company’s continued investment in these and other innovative technologies, and statements relating to the Company’s workers’ comp service offerings. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties, and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement, including the risk that the impact of the COVID-19 pandemic on our business, results of operations and financial condition is greater than our initial assessment.

The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2023, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2023, September 30, 2023, and December 31, 2023. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.

Contact: Melissa StoranPhone: 949-851-1473www.corvel.com