Page 1

Date : November 2 , 2021 FOR IMMEDIATE RELEASE Corvel Corporation 5128 Apache Plume Road Suite 400 Fort Worth , TX 76109 Contact : Melissa Storan Phone : 949-851-1473 www.corvel.com Exhibit 99.1 Cor Vel Announces Revenues and Earnings FORT WORTH , Texas , November 2 , 2021— CorVel Corporation ( NASDAQ : CRVL ) announced the results for the quarter ended September 30 , 2021 . Earnings per share for the quarter were 88 cents , compared to 65 cents in the same quarter of the prior year . Revenues for the quarter were $ 158 million , an increase from $ 136 million in the same quarter of the previous year . Earnings per share for the six months ended September 30 , 2021 were $ 1.81 , compared to $ 1.11 for the six months ended September 30 , 2020. Revenues for the six months ended September 30 , 2021 were $ 310 million , compared to $ 266 million for the six months ended September 30 , 2020 . Continued development in new and existing business as well as improved operational efficiencies contributed to revenue growth during the quarter . With a strong balance sheet , R & D efforts have expanded and the rate at which liquidity is converted into intellectual property has quickened . Recent system enhancements increase the capacity , quality & consistency of our work product and the overall outcomes produced . Telehealth usage has stabilized at levels 38 times higher than pre - pandemic . Patients have responded positively to virtual care and favorable regulatory changes have been implemented across the country . In addition to current services , CorVel is embracing opportunities for evolving health care models and providing tools to facilitate healthcare navigation . The Company is focusing on patient engagement and ease of use in the healthcare and workers ' compensation processes . About Cor Vel Corvel Corporation 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 workers ' 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 stabilization of telehealth usage and the Company's continued investment in evolving healthcare models , healthcare navigation tools , and other innovative technologies . 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 .