Celebrating Innovations in Workers' Compensation: CorVel Partners Win Big
Celebrating Innovations in Workers’ Compensation
FORT WORTH, Texas — CorVel Corporation (NASDAQ: CRVL), a prominent provider of risk management solutions, is thrilled to announce that three of its partners have received prestigious accolades for their exceptional contributions to the field of workers’ compensation. Sharp HealthCare, the State of North Carolina, and The Save Mart Companies have all been recognized as winners of the 2025 Theo Awards. These awards celebrate organizations that have innovated and achieved remarkable success in tackling complex issues within the industry.
Transforming Workplace Safety and Claim Management
The annual Theo Awards shine a spotlight on organizations that have made significant advancements in workplace safety, claims management, and overall employee care. This year, the selected CorVel partners implemented effective strategies to address unique industry challenges, successfully transitioning from reactive approaches to proactive safety cultures.
Through innovative practices, these partners have not only reduced costs but also set new benchmarks for excellence within their respective sectors. The recognition of their achievements underlines the importance of adapting to meet the evolving demands of workers’ compensation.
Sharp HealthCare’s Biopsychosocial Model of Care
Sharp HealthCare earned special recognition for its innovative biopsychosocial transdisciplinary model. This approach focuses on complex claims often associated with traumatic brain injuries, chronic pain, PTSD, and substance abuse. By breaking down traditional barriers between medical disciplines and emphasizing the early identification of psychosocial risk factors, Sharp has significantly improved recovery outcomes.
Through its specialized clinics and comprehensive treatment strategies, Sharp HealthCare is not only improving recovery timelines but also minimizing the dependency on prescription medications. Their success in tackling these complex health issues exemplifies how a shift in perspective can yield superior results in workers’ compensation.
Crisis Management Excellence by the State of North Carolina
The State of North Carolina has demonstrated exceptional crisis management capabilities following the devastating effects of a recent hurricane. This event represented the deadliest and most costly natural disaster in the state's history. In response to the critical situation, the North Carolina Office of State Human Resources collaborated with CorVel to ensure that injured workers had continued access to essential medical care, medications, and wage replacements.
The partners coordinated their efforts to expand provider searches, authorized emergency medication refills, and redirected patients to operational clinics. This collaborative effort not only safeguarded the continuity of care but also ensured that injured workers received the support they needed during an unprecedented crisis.
Comprehensive Strategy by The Save Mart Companies
The Save Mart Companies have taken a significant step towards creating a safer workplace through a comprehensive workers' compensation strategy. Their program is built on four fundamental pillars: prevention, early intervention, effective claim resolution, and collaborative execution. By training store managers to identify high-risk areas, they have successfully reduced injury claims and facilitated quicker settlements.
This proactive approach has not only led to lower overall program costs but also fostered a more supportive work environment for employees. By prioritizing safety and employee well-being, The Save Mart Companies are setting an example for their peers in the industry.
Recognizing Excellence and Setting New Standards
Michael Combs, President and CEO of CorVel, expressed pride in the achievements of the award recipients, stating, “These organizations have made remarkable strides by combining innovative risk management with a genuine concern for employee welfare. They confronted significant challenges and implemented strategic solutions that improved outcomes for injured workers.”
As the winners gear up for recognition, they will be featured in an upcoming issue of Risk & Insurance, with a formal celebration planned for November at The Nation's Premier Workers' Comp Conference & Trade Show in Nashville.
About CorVel Corporation
CorVel Corporation is at the forefront of healthcare management, leveraging technology such as artificial intelligence and machine learning to advance care management. In collaboration with employers, third-party administrators, insurers, and governmental bodies, CorVel is dedicated to optimizing workers' compensation, health, auto, and liability services. Our commitment to tailored solutions and local delivery is complemented by a supportive national team.
Frequently Asked Questions
What are the Theo Awards?
The Theo Awards recognize organizations for their outstanding innovations in workplace safety and claims management within workers' compensation.
Who were the winners of the 2025 Theo Awards?
The winners include Sharp HealthCare, the State of North Carolina, and The Save Mart Companies for their exceptional contributions to the workers’ compensation field.
How did Sharp HealthCare improve recovery outcomes?
Sharp HealthCare implemented a biopsychosocial model that integrates care disciplines, leading to accelerated recovery timelines and reduced reliance on medications.
What was the response of the State of North Carolina to Hurricane Helene?
The State collaborated with CorVel to ensure injured workers had access to medical care and resources despite the disaster’s impact.
What strategies did The Save Mart Companies employ?
The Save Mart Companies developed a comprehensive approach focusing on prevention, early intervention, and effective claim resolution to enhance workplace safety.
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