for Good review CorVel's us September morning. joining to quarter. Thank you
on CorVel's that are discussing results key On strategic market of our O'Brien, is themes the we've focused Today then Officer. on overview quarter. today me Financial call we and for trends, progress the I made with which will an Brandon Brandon Chief will September initiatives. the be provide financial our
the Revenues September per share year. shares we was unfold the from are decline the per continuum reduction of one The life tax enabled rate and million. Earnings the events increase in engaged X% increase ensuring claims are the claim. X% through a share management of X% of the was $X.XX a profit, in per claim for the in actively results as outstanding. in predicated prior were an all constituents percentage in gross achieving increase quarter key earnings $X.XX, share point throughout The that a on $XXX quarter in are same
infrequently This as in as fundamental approach every which model diary weeks. in change management systems represents few a to stakeholders information claims from historical the disparate review claim
our injured is XX/X injury. following Early engagement employee instance immediately which of care guiding medical the appropriate an service, appropriate of first objective to step the the constituencies, in an of
driving component optimal have, importance a now ago of carriers to services transitioned to the from more outcomes. appreciating XX/X an optimal implemented years The many are we including achieving essential outcomes. While this in service in nice fully payers
work. manage optimize on to claims In we the recovery chosen workers injured focus compensation space, the return to and of claims to have management workers'
XX% shown produce this We provide integrated model services have have of results a better best-of-breed legacy to line model. than and that also chosen the can full
but short-term, digital and are some But In the positioning unnecessary, to in for lead transformation common our the fees at done to essential has possible story of by reducing this have is we continue Challenging will well things the way reimagining sacrificed as services. path term, strategic steadily results this confident that growth part been opportunity investors. of always what customers our as CorVel. for is intermediate improving an our
We're procure excited our pipeline the results job The for next the model management working for future those this product better to achieved year. have releases next outstanding. quarter and about have doing the results a and utilizing queue We're in marketplace. claims communicating a new our rich been on insurance of
that multiple to consolidation the state are The some to have model the channel have conflicts. of in large of which currently our we There trends markets business CorVel. market, favor compensation workers' Turning causes at created entities the served. companies most
debt and We trading bought PE higher sold of sale themselves adding finance assets an continued portions firms value. high This even to among with PE more see being valuations. high using extremely to firms and by debt each are assumed firms
financial two and expect to more distress in trend have seen We to entities this continue. quarter
results. our turn single key to on the CareMC. integrated in all way to which is are single At services support most creates Integration the our powerful immediate a worker, of improve platform to CorVel
communication and between is our Time vendors lost due model. eliminated in to lag
to practice on of antiquated claim diaries files. prop to waiting the as review well As staff
needed. create time the of case prompted actions proven claim model are Edge platform, managers partners. at programs in they the This to taken better parties invested steps are has to when nurse real-time management staff are With required to in claims are our ensure integrated, the proactive, are from outcomes appropriate
security by using addition, platform is favored In one professionals.
tapered the as the How most pain marijuana seems for becoming Pharmacy as chronic many costs be the to continue a but be acute of ages. treated of of to their or working will expensive to the awareness dangers claim usage it concerns moving opioids bring especially portion new comes cases legalization Efforts In states claims, is what of next. is in raising forward? additional rise.
intermediate important involving behavioral a over critical CorVel, work CorVel moves period At the has XX nurses value of our injury risk first continue industry our in year, assessments following years. leading days has but play XX been of immediately have we And been an industry and will recognizing the to are injury the within Employers the of believe for during been forward. the cornerstone cognitive virtual better visits. therapy part following the a for intervention these trending as at work clinical increasingly the role programs
We are workers, well items provide to issues, information and injured minimizes actionable before for payers. equipped which become employers, risk
critical RTW outcomes. in systems to and collect codified ways identify medical improve and data Our to integrated take actions clinical in order trends
acquisitions marketplace reduction CERiS service one of on Building solutions. upon pre-payment into insurers. maximizing solution to in CERiS This for by The focused provide among partnerships investing is of recent to health remaining expand product with seen the top payment cost players. has and misaligned additional will this CERiS integrity offerings. opportunities foundation intends the replace care
quarter. solution integrity September payment CorVel's during in health continued Momentum the
build. a each analytics serve which as partnership positioning and strong Our from within enhanced and in increasing cost capabilities containment our to foundation services customer base
The continues to a X.X% at annually. market size grow rate
demand has significantly we historically client self-insured medicaid commercial as partners. the space and grown our marketplace the a in payment in seen accuracy Our from base greater transparency medicare, have health for and
of accounts SYMBEO's offerings automation are In the service solutions. payable beyond quarter, the new who traditional SYMBEO team newest lie that advantage welcome customers taking
seeking highly accounts AP. the in elements organizations solutions for work finance subjective objective found of the more payable, optimizing in they mature As are
is to for Additionally, the to a to team continues this for solution newly strong signed accounts market. services partnership demand leveraging a see and international take payable invoices capture
results. which each in compete, we in differentiated the innovative to leverage drive CorVel, of deliver At markets we which technology solutions,
of time from initiative enhancements The engineers. an of a of from a implementation flow our vary to more can of year. than conception have months completion stages a team continual developed to We software at few by various strategic being
in was our the of dynamic that and our history platform. best of management of professionals reduce processing quarters the completion one outcomes quarter better enhancements the action, integrated modernizes regarding a claims CareMC is September claims claims empowers cost The Edge to and total CorVel's platform to drive CareMC substantial informed company's take risk.
summary in and comprehensive of This and are API clear We also of leading The our quarter. and risk the interface to claim markets. have the supervisors, extremely carrier interface application for integrated model includes into a management during life interface. the fully pleased the cycle interface implementation Edge provides essential completed program feature and adjusters, management its industry an aspects managers claim a a of understanding single throughout claim is employer summary and
review to allowing is with traditional to our annual questions pre-appointed customers in retrospective the up-to-date development not essential information meetings. goal Our anytime status claim inefficient reviews real-time replace answer at or and of information, quarterly real-time about which with insights, critical just prospective claims
reimagined to managed care insights been for This patient delivered clients. real-time publishes This management and a new to also narrative innovative claims management of case professionals. enables claim is historically consumed enhanced capture our our proprietary codification we notes. and management of by the This information and the our which quarter activities generates which has engine, information intelligence of approach case critical claims essential information, facilitates management within interface information; buried that capture business reporting
the Additionally, during our management platform-as-a-service market quarter. claims for employer-carrier released harness management their was application we for allowing announce medical pleased to the are that of the case Edge to internal
will Brandon our overview results now September provide the an for of financial quarter.
