CorVel Promotes Jeff Gurtcheff to the Position of Chief Claims Officer

New CCO to Lead Innovations in AI, Operations, and Analytics

FORT WORTH, Texas, Oct. 26, 2023 — CorVel Corporation (NASDQ:CRVL), a national provider of risk management solutions, today announced the promotion of Jeff Gurtcheff to Chief Claims Officer.

As the Company’s Chief Claims Officer, Gurtcheff will oversee workers’ comp and liability claims operations, including leading technology innovation, managing claims staff operations, and launching new products and services that deliver industry-leading performance for the company’s partners.

“Jeff has proven to be a key driver of our innovation in technologies such as machine learning and generative AI. He has the experience and expertise to move CorVel’s claims management services forward. I look forward to his further impact on our organization in this new role,” said Michael Combs, President and Chief Executive Officer of CorVel.

“At CorVel, I am privileged to help create the solutions that will truly transform claims management for the benefit of both the payer and the injured worker,” said Gurtcheff. “Leading CorVel’s innovative claims operation is truly an honor.”

Gurtcheff joined CorVel in 2019 as Vice President of National Accounts and Strategic Insights, providing executive strategic consulting using data-driven analytics to implement solutions that improve outcomes. In 2022, he was promoted to Vice President of Enterprise Comp Services, where his responsibilities included developing the product vision, devising a strategy to achieve corporate goals, and managing regulatory compliance, claims handling, quality, and standards and procedures. With more than 30 years of experience, his background spans the third-party administrator space, independent insurance, and the carrier market. He combines his deep understanding of the industry with strategic leadership skills and management expertise.

About CorVel

CorVel Corp. applies technology including artificial intelligence, machine learning and natural language processing to enhance the managing of episodes of care and the related health care costs. We partner with employers, third-party administrators, insurance companies and government agencies in managing worker’s compensation and health, auto and liability services. Our diverse suite of solutions combines our integrated technologies with a human touch. CorVel’s customized services, delivered locally, are backed by a national team to support clients as well as their customers and patients.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, statements relating to the Company’s claims management services and the Company’s continued investment in these and other innovative technologies, and statements relating to the Company’s workers’ comp service offerings. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties, and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement, including the risk that the impact of the COVID-19 pandemic on our business, results of operations and financial condition is greater than our initial assessment.

The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2023 and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2023, September 30, 2022, and December 31, 2022. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.