CorVel Corporation

CorVel has carved out a niche providing medical cost containment for workers’ compensation programs, auto insurers, and group health plans. CorVel helps insurers, third-party administrators, and self-insured employers keep down costs associated with workers’ compensation and other medical claims and to get employees back on the job as soon as is practicable. Among other things, CorVel reviews medical bills to make sure they are in line with state fee schedules, using its automated online MedCheck software. It also maintains a preferred provider organization (PPO) and provides case management and vocational rehabilitation services. Clients access CorVel’s range of services through its CareMC Web portal.

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3.4

Overall Excellence Rating

Industry

Insurance Brokers & Agencies

Category

Insurance Carriers

ESG/Ethical Impact

Employee expectations for an engaging and strong company culture have evolved over time. With digital advancements, increased remote work, and more calls for inclusion and diversity initiatives, maintaining a company culture that reflects the current workforce is more critical than ever. According to this recent survey of employees conducted by a Human Resources software company, “One in five workers say declining company culture is the main reason they are looking for a new job…[and] Employees want to see more cultural change when it comes to their pay and benefits (43%), communication from leadership (41%), and better work-life balance (40%)”. Across all industries, technological advancements and innovation is also key to attracting new talent. In workers’ compensation, recruiting and retaining talent has remained a challenge in the industry. Fostering an employee-centric company culture, streamlining workflow processes, and offering intuitive technology addresses this challenge. As the standards for company culture change and technology evolve, employer adaptability and employee engagement remain essential for an organization’s success.

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Awards Received

2023

Revenues

$646,000,000.00

Website Traffic

Employee Rating

3

Customer Rating

3.4

Company Size

1000-5000

ESG Risk Rating

4

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