Insight, analysis & opinion from Joe Paduda
Update on yesterday’s post. Spoken with several CorVel customers today and late yesterday; all spoke well of CorVel’s response and communications about the systems issue. Still haven’t’ seen a public statement. I’ve been told by multiple sources that CorVel’s systems … Continue reading CorVel’s problem may be ransomware
Read More...Multiple independent sources tell me CorVel has suffered some sort of internet outage that has affected its bill review and other services. Sources indicate this is corporate and not limited to a specific office or offices, and evidently began on … Continue reading CorVel’s internet troubles – the company’s response, and the impact on you
Read More...Good morning all. Out in SoCal for the CompLaude event; looking forward to two days of great discussion about the good things in workers’ comp. More evidence that WC medical trend is flattening WCRI released it’s Indiana CompScope report earlier … Continue reading Friday catch-up; CorVel, deals, & drugs
Read More...I haven’t looked into CorVel for some time now, but a tipoff from WorkCompWire got my interest – specifically a passage that read: Revenues for the quarter ended September 30, 2014 were $124 million, a 4% increase over the $119 million in revenue in … Continue reading CorVel’s quarterly revenues up, profits down
Read More...I’ve often had issues with CorVel for their billing practices and other matters, but I’d be remiss if I didn’t applaud the managed care firm for their willingness to fire a doctor that was allegedly prescribing Wasabi Rub, theramine pills, … Continue reading Kudos to CorVel
Read More...Yesterday’s post on CorVel was cut short by the demands of real work; here’s the rest. Financially, CorVel has had a very mediocre year. Their most recent quarter saw revenues stay pretty much flat, while earnings dropped 10 cents a … Continue reading What’s new with CorVel, part 2
Read More...It’s been a while since we last looked in to see what’s going on at the managed care company/TPA. Back in May, CEO Dan Starck left to go back to his previous employer, leaving a hole at the top. Senior … Continue reading What’s up with CorVel?
Read More...Two top positions in the work comp industry will be occupied by new people this spring. Ken Martino, long-time CEO of TPA Broadspire is resigning to take a new position in his home state of Connecticut, and CorVel CEO Dan … Continue reading Starck leaves CorVel, Lisenbey new CEO at Broadspire
Read More...A couple days ago a shadowy equity “research” outfit that goes by the name Copperfield Research published what can only be described as a hatchet job, with CorVel the target. I’m no fan of CorVel – their business model makes … Continue reading Copperfield Research’s CorVel hatchet job
Read More...Both. At least that’s how company execs want to ‘brand’ Corvel – but it isn’t what their TPA customers want to hear. Me? I’m not so sure. Here’s how Corvel described itself in a recent SEC filing: “CorVel Corporation is … Continue reading Is Corvel a TPA or a managed care company?
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