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Dec 31, 2019
CorVel Q3 2020 Earnings Report
CorVel's revenue increased slightly, but earnings per share decreased compared to the same quarter of the prior year.
Key Takeaways
CorVel Corporation reported revenues of $148.09 million for the quarter ended December 31, 2019, representing a 1.4% increase compared to the prior year. However, earnings per share decreased by 7.4% to $0.50.
Revenues for the quarter ended December 31, 2019, increased by 1.4% year-over-year.
Earnings per share for the quarter ended December 31, 2019, decreased by 7.4% year-over-year.
The company is focusing on digital transformation in healthcare by leveraging data and proprietary systems.
Enhancements to the CareMC EdgeSM platform are changing how data is captured and used.