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Date : February 2 , 2021 FOR IMMEDIATE RELEASE CorVel Corporation 1920 Main Street Suite 900 Irvine , CA 92614 Contact : Melissa Storan Phone : 949-851-1473 http://www.corvel.com Exhibit 99.1 Cor Vel Announces Revenues and Earnings IRVINE , California , February 2 , 2021- Corvel Corporation ( NASDAQ : CRVL ) announced its results for the quarter ended December 31 , 2020. Earnings per share for the quarter ended December 31 , 2020 were 63 cents . Revenues for the period were $ 142 million . Earnings per share for the nine months ended December 31 , 2020 were $ 1.74 and revenues for the nine months ended December 31 , 2020 were $ 407 million . Although the global pandemic continues , Corvel's business performance in this quarter improved over the December 2019 quarter . This result is attributed to advances in operational performance in addition to increased business development . New sales were a record for the calendar year , with particular success in claims administration and CERIS commercial health review business . Cor Vel's technical foundation supported the agility to quickly transition to work from home , easily scale to meet the tenfold increase in telehealth demand , and effectively respond to evolving customer needs . From a strategic perspective , the Company's position and ability to continue adapting , responding and thriving in this dynamic environment is strong . The health market is evolving their payment integrity processes to a prepay approach , which requires bill review to be completed within stringent time requirements . The CERIS processing operation , which has been gaining momentum going into this year , was developed to support prepayment processing . By leveraging technology and advanced analytics to automate tasks and compress processing time , clients are able to make payments with confidence that billing and coding information is accurate . About Cor Vel Corvel Corporation is a national provider of innovative workers ' compensation , auto , liability and health solutions for employers , third party administrators , insurance companies , and government agencies seeking to control costs and promote positive outcomes . We apply technology , intelligence , and a human touch throughout the risk management process so our clients can intervene early and often while being connected to the critical intelligence they need to proactively manage risk . With a robust technology platform at its core , our connected solution is delivered by a national team of associates who are committed to helping clients design and administer programs that meet their organization's performance goals . 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 telehealth services and the Company's continued investment in these and other innovative technologies , and statements relating to the Company's strategic alliances within the healthcare market . 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 .