Thank you for standing by. Welcome to the CorVel Corporation quarterly earnings release webcast. During the course of this webcast, CorVel Corporation may make projections or other forward-looking statements regarding future events or the future financial performances of the company. CorVel wishes to caution you that these statements are only predictions and that actual events or results could differ materially. CorVel refers you to the documents that the company files from time to time with the Securities and Exchange Commission, specifically the company's last Form 10-K and 10-Q files for the most recent fiscal year and quarter. These documents contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements. I would now like to turn the call over to Mr. Gordon Clemons.

Thank you for joining us, and welcome to CorVel's quarterly review of results. The December quarter continued our recent progress on a number of fronts. Michael Combs will discuss the quarter's results and our key initiatives. At CorVel, we're focused on improving patient experiences and outcomes in their health care benefits program. The entirety of the health care marketplace is overwhelmingly complex and, thus, having a tightly focused vision is vital to maintaining a viable strategy. We began our health care administration services, that is, our Enterprise Comp business, with the purpose of building a new service model for the treatment of workplace injuries and making a meaningful difference for all of our constituencies. We're finding that we can do that. The health care economic model is very complex and generally not well-articulated in the press coverage it gets. CorVel competes in a relatively small corner of the total health care marketplace, and thus, we are able to explore new approaches that involve a subset of the complexity of the entire healthcare continuum. We have trusted in new innovations to create practical solutions for our customers and the next wave of sales success for CorVel. From the outset, our health care administration business models have been structured to leverage our investments in technology and to increasingly produce results superior to those available elsewhere in the industry. For the coming year, we have specific projects in place to bring more of our planned integrated total service model to market. We now have enough experience with our new processes though to be able to demonstrate the effectiveness of our model to prospective customers. And this is visible in our sales results. Most health care management efforts have focused upon improving each silo within the total health care continuum. It was intuitive for…

Thank you, Gordon, and good morning, everyone. Thank you for joining our call. The operations of the company continued to be strong in the third quarter. Pre-tax earnings increased 34.5% from the quarter ended December 31, 2017. Earnings per share for the quarter ended December 31, 2018, were $0.54, up 34.5% from the same quarter of the prior year, excluding tax rate differences. Earnings per share increased 8.4% from the December quarter of 2017, as reported. The federal tax change implemented in December 2017, in addition to reducing the base tax rates, created a onetime tax rate reduction. The effects of which were reflected in the quarter ended December 31, 2017. Revenues for the December quarter were $146.1 million, 3.8% above the $140.7 million for the December 2017 quarter. We continue to realize strong revenue growth and improved margins with our Enterprise Comp TPA offering. Network Solutions wholesale services decreased in revenue and in margins during the quarter. The government's segment of this business is subject to churn as such entities are required by law to rebid their vendors regularly. The quarter reflects a loss of one of these government accounts from earlier in the year. Developing our private sector carrier wholesale accounts is an area of focus for CorVel. Our competitive positioning affords us the ability to absorb occasional losses while allowing for long-term overall growth. G&A in the quarter was consistent with our historical ratios. As Gordon indicated previously, consistent investment in our systems leveraging technology to pave the path forward is part of our DNA. One of the emerging trends in the workers' compensation industry is the adoption of telehealth services. CorVel first introduced our workers' compensation telehealth solution in 2015. While we received positive feedback early in the program, the initial usage rates were short of…

This concludes today's webcast. You may disconnect your lines at this time.