CorVel’s Critical Incident Stress Debriefing Program Offers Proactive Approach to Mental Health for Employees After Experiencing Traumatic Events

Presentation at PARMA highlights program benefits for public agencies and their employees.

FORT WORTH, Texas, March 03, 2022 — CorVel Corporation (NASDAQ: CRVL), a national provider of risk management solutions, presented its Critical Incident Stress Debriefing program, highlighting positive outcomes with the City of Beverly Hills, at the annual Public Agency Risk Management Association (PARMA) meeting on March 1, 2022, in Anaheim, California.

Critical incident stress debriefing has been around for over ten years. However, it has recently re-emerged as a tool for employers facing several challenges in our current climate. During the presentation, Tyla A. DiMaria, RN, Case Management Manager for CorVel, discussed the company’s patient-centered approach that helps employees who have witnessed a catastrophic or traumatic event process the situation, work through the hurdles and develop coping mechanisms to return to work as quickly as possible.

“These past two years have put a spotlight on mental health, as people have been dealing with the stresses of illness, death, civil unrest, isolation and so many other difficult situations,” DiMaria said. “We’ve seen a significant increase in depression, anxiety, crippling fear and other mental health issues, especially for essential workers, and these challenges must be addressed and not ignored.”

Last year, CorVel’s program was expanded to address COVID-19 traumatic stress—a syndrome developing due to the significant mental health challenges associated with the pandemic. During the presentation, DiMaria outlined how the City of Beverly Hills partnered with CorVel to implement a critical incident and COVID-19 traumatic stress debriefing program for city employees, improving return to work and positively impacting overall costs and outcomes.

“We are very proud of our expanded Critical Incident Stress Debriefing program, which places emphasis on the injured worker and their overall wellbeing,” said Karen Thomas, Vice President, Clinical Solutions at CorVel. “At CorVel, we take a patient-centered approach to claims management to ensure that the injured worker feels supported throughout the process, regardless of the type of illness or injury. By taking a proactive approach to mental health, we can improve outcomes and reduce costs for customers while increasing satisfaction and care for injured workers.”

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 network solution 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, 2021, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2021, and September 30, 2021. 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.

CorVel Corporation is publicly traded on the NASDAQ National Market System under the stock symbol CRVL. The CorVel Corporation Annual Report on Form 10-K filed with the Securities and Exchange Commission may be obtained by clicking here or by contacting:
CorVel Corporation
5128 Apache Plume Road Suite 400
Fort Worth, TX 76109
888-7-CORVEL
investor_relations@corvel.com