CorVel Offers Coronavirus Hotline Plus Complete Virtual Triage and Care for Early Screening and Remote Treatment During Pandemic - Seite 2

CorVel was able to respond quickly to the coronavirus outbreak because of its extensive experience in telehealth. The company was among the first to launch telehealth services in workers’ compensation and worked with state medical boards across the U.S. to get the permissions to offer telehealth in multiple states. Over a five-year period, CorVel’s use of telehealth has decreased treatment wait times from an average of two hours to just 10 minutes, reduced unnecessary medication prescriptions by nearly 50%, lowered treatment costs by anywhere from $100 to $850 per visit, and increased patient satisfaction rates from 3.65 to 4.8 on a scale of 1 to 5.

“This crisis will bring telehealth and virtual care to the forefront in changing the way workers’ compensation claims are managed,” said Combs. “The use of telehealth and the importance of social distancing will become even more crucial, not only in diagnosis and medical oversight but in getting prescriptions to patients by mail, ensuring safe transportation, and bringing new vigilance to home care. CorVel’s expertise and innovative technology allow us to be prepared for an emergency like we are facing today, and to provide exceptional care for any injured worker now and in the future.”

About CorVel 

CorVel Corporation is a national provider of innovative workers’ compensation, auto, liability and health solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. We apply technology, intelligence, and a human touch throughout the risk management process so our clients can intervene early and often while being connected to the critical intelligence they need to proactively manage risk. With a robust technology platform at its core, our connected solution is delivered by a national team of associates who are committed to helping clients design and administer programs that meet their organization’s performance goals.

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, and 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 telehealth and virtual care services. 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 security incident on our business, results of operations and financial condition is greater than our initial assessment.