IRVINE, Calif., Feb. 28 /PRNewswire-FirstCall/ -- CorVel Corporation announced today that the Company, as a certified existing HCO, is fully compliant with all aspects of California’s new law (SB 899) and meets the requirements to provide a Medical Provider Network (MPN) to its customers. CorVel has been certified by the State of California since 1997 and offers directed channeling to their network of over 26,000 providers statewide. To date, CorVel has received more than 10 MPN approvals from the Division of Workers’ Compensation (DWC) for both insurance carriers and self insured employers.
CorVel’s new MPN program assists employers with maximizing benefits under the newly legislated workers’ compensation reforms. CorVel’s MPN provides directed channeling to a network of quality providers that the Company has spent 13 years developing. This network is available online through an MPN Directory which will allow customers to build a customized list of providers based on their specific geographic location and physician specialties. The application will allow employers to customize or “carve out” a provider panel pertinent to their specific industry and employee population. The program also offers full integration with the Company’s state-approved Utilization Management program.
With the new legislation, employers are responsible for multiple levels of employee notification and CorVel has combated this challenge with a full- service employee notification program. CorVel assists with the required duties including: implementation of the MPN, new hires, employee injury, employee requests of subsequent treating physician, 2nd and 3rd opinions and transferring care into the MPN.
CorVel offers a centralized MPN call center that is staffed to answer all employee questions regarding provider selection and appointments. The CorVel MPN call center also acts as a centralized appointment scheduling service that is designed to schedule and confirm all initial appointments and any specialty provider subsequent appointments. Additionally, CorVel will offer employees accessibility to the list of designated providers within the certified MPN.
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 more than 2,000 clients through its over 3,200 associates and 155 offices in 49 states. Leveraging its commitment to flexibility and personal service, CorVel delivers custom solutions for employers, insurers, third party administrators and government entities.
This press release contains forward-looking statements that are subject to risks and uncertainties, including the risk that the historical financial performance of the Company may not be indicative of future financial performance and the risk that the recent performance of the Company’s Common Stock may not be indicative of its future performance, as well as other risks detailed from time to time in the Company’s SEC reports, including the report on Form 10-K for the year ended March 31, 2004, and the Company’s most recent form 10-Q.
CorVel Corporation
CONTACT: Heather Burnham of CorVel Corporation, +1-949-851-1473
Web site: http://www.corvel.com/