CorVel

OverviewSuggest Edit

CorVel Corporation is a provider of healthcare management services and solutions for workers' compensation, auto and liability, group health and disability insurance markets. The Company’s services include claims management, bill review, preferred provider networks, utilization management, case management, directed care and medicare services.The Company’s target markets are employers, insurance companies, third party administrators, and state and municipal governments. 

TypePublic
Founded1987
HQIrvine, USMap
Websitecorvel.com
Employee Ratings3.1More
View Jobs (125)

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Latest Updates

Employees (est.) (Mar 2020)3,824(-2%)
Job Openings125
Revenue (FY, 2020)$592.2 M
Share Price (Oct 2020)$90.2
Cybersecurity ratingAMore

Key People/Management at CorVel

Gordon Clemons

Gordon Clemons

Chairman
Alan Hoops

Alan Hoops

Director
Steven J. Hamerslag

Steven J. Hamerslag

Director
Judd Jessup

Judd Jessup

Director
Jean H. MacIno

Jean H. MacIno

Director
Jeffrey J. Michael

Jeffrey J. Michael

Director
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CorVel Office Locations

CorVel has an office in Irvine
Irvine, US (HQ)
2010 Main Street #600
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CorVel Financials and Metrics

CorVel Revenue

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CorVel's revenue was reported to be $592.23 m in FY, 2020
USD

Revenue (Q1, 2021)

129.6m

Gross profit (Q1, 2021)

26.5m

Gross profit margin (Q1, 2021), %

20.5%

Net income (Q1, 2021)

8.3m

Market capitalization (16-Oct-2020)

1.6b

Closing stock price (16-Oct-2020)

90.2

Cash (30-Jun-2020)

94.1m

EV

1.6b
CorVel's current market capitalization is $1.6 b.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

412.7m429.3m478.8m492.6m503.6m518.7m558.4m595.7m592.2m

Revenue growth, %

3%2%3%

Cost of goods sold

318.8m337.7m370.3m392.7m399.0m413.9m451.1m470.9m466.3m

Gross profit

93.8m91.7m108.5m100.0m104.5m104.8m107.3m124.8m125.9m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

102.3m104.6m101.4m105.5m107.3m118.1m119.4m121.1m124.4m123.7m122.4m126.9m124.5m123.9m128.5m128.2m128.4m137.6m136.4m140.7m150.4m148.2m146.1m150.1m147.0m148.1m129.6m

Cost of goods sold

76.8m78.9m80.2m82.6m85.6m91.2m92.0m93.4m96.7m98.2m98.2m100.8m97.8m98.7m102.9m102.3m102.8m108.8m110.7m115.2m119.0m116.7m116.7m117.0m114.1m118.8m103.1m

Gross profit

25.5m25.6m21.2m22.8m21.7m26.9m27.3m27.7m27.7m25.5m24.1m26.2m26.7m25.2m25.6m25.9m25.6m28.8m25.8m25.6m31.4m31.5m29.4m33.1m32.8m29.3m26.5m

Gross profit Margin, %

25%24%21%22%20%23%23%23%22%21%20%21%21%20%20%20%20%21%19%18%21%21%20%22%22%20%20%
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

6.6m19.8m34.9m25.5m32.8m28.6m55.8m91.7m

Accounts Receivable

49.3m49.1m57.2m57.5m59.7m62.8m64.9m71.3m

Prepaid Expenses

12.3m7.4m5.9m11.7m4.9m7.1m7.2m

Current Assets

81.2m92.9m121.0m119.2m123.1m128.9m163.3m215.5m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

17.6m8.1m10.1m20.0m20.8m25.0m22.2m32.7m34.1m28.2m31.0m27.1m24.9m26.5m36.2m40.9m38.8m35.0m38.1m53.6m73.3m90.1m96.5m104.4m97.9m89.6m94.1m

Accounts Receivable

48.8m50.8m46.1m48.7m43.4m50.8m54.4m55.4m57.2m60.3m56.2m56.9m59.2m55.9m60.7m60.4m59.2m62.8m66.0m63.5m66.1m65.1m62.4m66.8m71.4m66.2m67.5m

Prepaid Expenses

6.7m6.6m6.8m7.8m7.8m4.5m4.5m5.1m4.9m6.9m5.6m6.7m6.5m6.7m6.5m6.2m6.9m4.9m5.1m7.6m8.0m7.6m8.5m6.7m7.6m8.8m10.2m

Current Assets

86.9m80.2m77.6m91.3m87.6m98.3m100.4m111.1m116.4m119.1m115.3m116.9m122.9m120.8m128.0m138.7m135.6m134.4m148.3m166.6m183.2m204.1m210.0m221.6m219.1m210.6m224.4m
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

26.6m26.7m34.4m28.6m28.5m29.5m35.7m46.7m47.4m

Depreciation and Amortization

14.7m15.7m16.4m18.0m20.0m20.9m21.8m23.0m22.5m

Cash From Operating Activities

35.7m54.8m54.8m44.3m51.3m52.1m62.2m78.6m80.8m

Purchases of PP&E

(23.2m)(14.9m)(18.3m)(22.9m)(16.8m)(31.0m)(27.7m)(15.3m)(32.4m)
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

8.2m16.1m21.5m13.2m19.2m8.6m17.3m26.1m8.3m16.2m23.0m6.9m15.2m21.9m7.5m14.4m21.5m8.8m17.2m26.7m11.8m24.6m34.9m13.4m26.3m35.6m8.3m

Depreciation and Amortization

3.4m7.0m10.6m7.9m11.9m4.0m8.1m12.2m4.1m8.7m13.3m4.9m9.9m14.9m5.1m10.4m15.6m5.3m10.8m16.0m5.6m11.3m17.1m9.0m17.8m16.8m5.8m

Cash From Operating Activities

15.2m15.9m28.0m23.9m43.6m16.8m28.5m45.6m9.7m15.6m33.1m15.1m24.6m36.8m8.1m20.5m35.6m21.4m30.6m49.9m22.8m48.6m67.9m26.4m46.4m66.3m15.4m

Purchases of PP&E

(7.0m)(11.7m)(16.7m)(6.3m)(9.2m)(5.5m)(9.0m)(12.7m)(4.6m)(9.9m)(14.8m)(4.7m)(8.0m)(11.9m)(5.3m)(10.8m)(17.2m)(5.3m)(11.4m)(16.3m)(3.0m)(6.5m)(10.3m)(8.0m)(17.5m)(27.7m)(3.6m)
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USDQ1, 2012

Financial Leverage

1.6 x
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CorVel Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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CorVel Revenue Breakdown

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CorVel revenue breakdown by business segment: 55.1% from Patient management services and 44.9% from Network solutions services

CorVel Online and Social Media Presence

CorVel's Trends

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CorVel News and Updates

September 22, 2020

U.S. Insurance Awards Name CorVel 2020 TPA Team of the Year

IRVINE, Calif., Sept. 22, 2020 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) was named Third Party Association Team of the Year at the Business Insurance U.S. Insurance Awards on September 10 for its innovative work with the State of Tennessee. The award honors teams of professionals that …
July 27, 2020

CorVel Leverages Integrated Platform to Provide Liability Management as COVID-19 Claims Rise

CorVel is Monitoring Rapidly Emerging Legislation to Keep Employers Informed CorVel is Monitoring Rapidly Emerging Legislation to Keep Employers Informed
June 09, 2020

CorVel Expands Virtual Care Management Services and Programs to Facilitate Transition Back to Work During Pandemic

New App for Injured Workers Facing Surgery Adds to CorVel’s Case Management Tools New App for Injured Workers Facing Surgery Adds to CorVel’s Case Management Tools
March 30, 2020

CorVel Offers Coronavirus Hotline Plus Complete Virtual Triage and Care for Early Screening and Remote Treatment During Pandemic

Virtual Care Approach Maximizes Safety for Employees Who May Be Infected and for Injured Workers Required to Shelter in Place Virtual Care Approach Maximizes Safety for Employees Who May Be Infected and for Injured Workers Required to Shelter in Place
May 20, 2019

CorVel Announces Fiscal Year Earnings Release Webcast

IRVINE, Calif., May 20, 2019 (GLOBE NEWSWIRE) -- Event: Fiscal Year Earnings Release Webcast
February 12, 2019

CorVel Announces Expansion of Stock Repurchase Program

IRVINE, Calif., Feb. 12, 2019 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ:  CRVL), reported that the Company’s Board of Directors has approved a 1,000,000 share expansion to its existing stock repurchase program, increasing the total number of shares approved for repurchase over the life of suc…
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 CorVel Frequently Asked Questions

  • When was CorVel founded?

    CorVel was founded in 1987.

  • Who are CorVel key executives?

    CorVel's key executives are Gordon Clemons, Alan Hoops and Steven J. Hamerslag.

  • How many employees does CorVel have?

    CorVel has 3,824 employees.

  • What is CorVel revenue?

    Latest CorVel annual revenue is $592.2 m.

  • What is CorVel revenue per employee?

    Latest CorVel revenue per employee is $154.9 k.

  • Who are CorVel competitors?

    Competitors of CorVel include United Concordia, Reliance Standard and MediCard.

  • Where is CorVel headquarters?

    CorVel headquarters is located at 2010 Main Street #600, Irvine.

  • Where are CorVel offices?

    CorVel has an office in Irvine.

  • How many offices does CorVel have?

    CorVel has 1 office.