Interpreting medical data and determining the next steps in managing a case is critical and time-consuming for adjusters. CorVel’s generative AI model will now read and summarize this often-complex information, provide the summary to the adjusters, and propose actions to be taken. Simultaneously, the extraction of unstructured data from the reports will be highlighted for the claims staff to quickly and efficiently update claim fields in CareMC and ensure the key stakeholders are notified. This innovative solution significantly reduces the adjuster's time commitment to objective tasks and allows them more time to interface directly with injured workers, be more strategic, and ultimately improve outcomes.
The generative AI module is the latest addition to CorVel’s award-winning CareMC claims platform integrated technology system, which delivers a holistic view of all data on a claim and automates routine processes for speed and efficiency.
“Our approach to Generative AI is marked by intentionality, fostering collaborative efforts with our team and partners. Our unwavering commitment lies in leveraging technology to elevate the efforts of our professional staff and improve the outcomes delivered. We also see generative AI as an efficient approach to mitigate labor-related challenges by offering guidance to upcoming generations of professionals,” said
For more information on CorVel’s technology visit https://www.corvel.com/technology/
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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 managed care 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.
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