Corvel launches comp AI product

Fort Worth, Texas-based CorVel Corp. announced Tuesday that it has launched CogencyIQ, an artificial intelligence and predictive analytics tool designed to address complex claims.  

According to a statement, CogencyIQ works with CorVel’s integrated claims management technology, CareMC Edge, to provide customized loss-run analysis; advanced analytics;  comparative analysis against like industry, market and state trends; and program evaluation and cost-benefit analysis.