thank And quarter. CorVel's you. us to you Thank review December joining for
a were share today December Michael us of December Combs, combination up to of XXXX operating XXXX course is $X.XX us from December expected of which tax Revenues for tax upon the as CorVel's the XX, of been XX%. impacts The will we new be me revenue $XXX to combination for million, federal the President. This the for quarter. take have of were and the XX% of state the quarter from ended law same X.X% about approximately prior well for working, Joining the the the XXXX reflects to per reduction as quarter for Earnings XX% XX% change. over effectiveness the quarter rate year.
continued the TPA our been solutions continued in development recent in its results the of its quarter. also of the and portion of we’ve business. the a growth Results The for quarter comp our services demonstration strengthening medical services. had operating review CERiS improvements enterprise entity network the making Our
one-time to As typically I discussed last such unusual quarter, impacted by events, although as expenses. are every most refer quarter what is references to
and are that positive events negative. one-time by both impacted are We
event, quarter For a as nature. every Each one-time though an such a is, some. once In recent but item has could we quarter pick it every feels of out one-time years occasional number events. this has of yes,
of cash on Combs more limitations our conceptual change interest level The that really would our new aggregate time adds of law not the improves that as places discuss the issues adversely firm firms. advantage margins. net in to here. them We paid, the detail nature. to This the owned they of highly is impacted more of legislation will relative we tax had the our Michael purposes. items. to quarter taxes one to of most operational believe flow it We tax a the and to like also PE deductibility So competitors. and the some owned upon which due PE competitive I are incurred the at are In expenses provide these some and limitation fair investment our impacts leveraged value of startups. operating any our for related in
result a the the are in making had of inevitably investments term to services focus nature markets ever in and on we but long the Such company, productive producing important investments philosophy more Ultimately, have continuous technology and the term serve. remain quarters short expenses. has our in where long for term we the to also of we provide We services expansion can in of or customers. our success
the markets increase. economy decades. be long our in an and to be a less improve markets state segments of to for would such improve on discussed should in a Automation to last change market outsourcing offset add We has remained involved of during partners. the make had current our most a encourage In having increased expected work Strength of kicks have ever healthy is the is the key into end for upgrading service the is customer claims technology This insurer vendors claims served, and of our acclimated we work as include sell trained the that reported, interface our In unique market and of the our a would services. theme markets to outsourcing. it term quarter. period our most condition to This software. place. the workers occur, functions unemployment to the place particularly of related markets typified easier CorVel towards services work with recoveries have of which decline tighter of record of compensation out offerings levels. either for management as couple series recovery, place service to continues to we workstation the our plays the injuries and rolled free our labor that software impact cloud that Once a all a Last only regular This our customers. initial for customers. should Turning growth interface to in the for off I the our only tendency in market force increasing either of less pressures companies quarter sell the this our component software. major employers push market to This this labor ever many reduced or turn service. new of comes beyond support the been the has as and upgrades busy quarter the customers. of upgrade
the ledger of processing. approaches aware movement transaction towards all distributed are to We
Our current is accounting to platforms yet approach of extend a workstation. carrier at related customers service, service technology still advantages the current The claims processing. technology. want and of bring is to with our a to the bundled a brings to legacy and usage manage free interface sale and and payments their technology This to to with the management wanting transaction of our with the clients of life existing increasingly legacy product or platforms access software those
the form continues Separately transaction management. the of is their and mix currently remain ledger carriers various each portal applications by were and year. represent. sales with Improving velocity These technology healthcare so last of year which the and upon the the status the also for a reflect application CorVel dependability had us high priority provide For will coming of relative launches we the provider community, the value, care with a healthcare contributed underway. has the our of accounts receivable in we to goal presents impact processing
our For revenues example TPA declined. management enterprise comp has older our in This the than case have sales. offset more been increase product by
interfaces of need in the claims such automation change cycle This delivering do connect up turnkey the processing, CorVel’s incomes. connection began and parties insurance. a is to traditional as plans. facility brand and outside compensation workers’ hub continues Instead healthcare technology markets to increasingly the many We the involved the fact broader keeping case ago the as is subsets our support we The average is they already evolve themselves record and the This and to reducing occurring entire workstation The be The rate and beyond for entirely cost by incrementally important CorVel Symbeo. at to of transaction quietly overall to them. business under the bringing do name within but payables of management. transaction adjuster integrate future to offering insurance is dedicated of serves industry. market results an continues being employ both patients claims management above consultative expanded rates this increase which Edge, episode for first increase processing business providers functionality of years to function setting and pass a large healthcare Symbeo to each it In is now professionals. and unit our claim corporations. doing continues outsourced environment find relatively slowly, month the care. XXXX as now approximately in through to
New to eagerly improved per healthcare therapies, technologies biotech approaches diagnostic cures drive tend of increases be and ongoing the employee. treatments reviewed. and cost cost Thus reducing to
who the program expand market. expect development. Michael for Combs of health scope the results call service like now operating to our We and discuss the will our to turn over to product I’d