CorVel Acquires Assets of Hazelrigg Risk Management Services
IRVINE, Calif., Feb. 1 -- CorVel Corporation (NASDAQ:CRVL) announced the acquisition of the assets of Hazelrigg Risk Management Services, Inc. and its affiliated companies (HRMS). HRMS is a California based provider of integrated medical management, claims processing and technology services for workers' compensation clients. The acquisition was completed on January 31, 2007. The acquisition represents a substantial expansion of CorVel's Enterprise Comp service offering in the California marketplace.
Enterprise Comp is a fully integrated end-to-end claims management solution directed toward the self-insured and public-sector markets. CorVel's solution proactively manages the entire episode of a workers' compensation claim, providing improved return to work outcomes as cost effectively as possible.
CorVel is committed to providing innovative technology based healthcare management solutions to its insurer, third party administrator (TPA) and employer customers. The Enterprise Comp claims management process includes real time web based claim intake and medical triaging capabilities -- including interpretive systems and sophisticated rules engines. This outcome-based solution offers online access to integrated care information, standardized medical treatments, claims and bill review data on CorVel's healthcare management portal, http://www.caremc.com/
About CorVel
CorVel Corporation (http://www.corvel.com/) is a national provider of leading-edge services and solutions in the field of managed healthcare. CorVel specializes in applying information technology and e-commerce applications to improve healthcare management in the workers' compensation, group health, auto and disability management insurance markets. The Company provides networks of preferred providers, case management, utilization management, independent medical evaluations and medical bill review to customers nationwide. Leveraging its commitment to flexibility and personal service, CorVel delivers custom solutions for employers, insurers, third party administrators and government entities.
Source: CorVel Corporation
CONTACT:
Heather Burnham,
CorVel Corporation,
+1-949-851-1473
Web site:
http://www.corvel.com/
http://www.caremc.com/
