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 the actual event or results may differ materially. CorVel refers you to the documents the company files from time to time with the Securities and Exchange Commission, specifically the company’s last Form 10-Q and 10-K 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 it over to Mr. Gordon Clemons.

Thank you. And thank you for joining us to review CorVel's December quarter. Joining me today will be Michael Combs, CorVel's President. Revenues for the December quarter of 2017 were $141 million, 9.6% over the revenue for the December 2016 quarter. Earnings per share for the quarter ended December 31, 2017 were $0.50 up 39% from the same quarter of the prior year. This reflects a combination of the operating effectiveness upon which we have been working, as well as of course the impacts of the new tax law change. The tax rate reduction for us is expected to take us from approximately 38% for the combination of state and federal to about 25% to 26%. Our enterprise comp TPA continued its growth and the development of its services. Results in our CERiS medical review services entity also had a strengthening quarter. The results for the quarter continued the recent demonstration of the operating improvements we’ve been making in the network solutions portion of our business. As I discussed last quarter, every quarter is impacted by what most refer to as one-time events, although typically such references are to unusual expenses. We are impacted by one-time events that are both positive and negative. For once we could pick out an occasional item of this nature. In recent years it feels as though every quarter has some. Each is, yes, a one-time event, but every quarter has a number of such one-time events. So in the aggregate they are really not one time in nature. Michael Combs will provide more detail on these items. I would like to discuss them at a more conceptual level here. We believe the tax law change adds to our competitive advantage and that it improves our cash flow and net of taxes paid, relative to…

Thank you, Gordon. I’ll first discuss our operating results. Patient management includes third-party administration, TPA services and traditional case management. Revenue for the quarter was $79.4 million, an annual increase of 11.2%. The year-to-date fiscal year growth rate for patient management was 9%. Our TPA services recorded another strong quarter of growth. The level of service and outcomes that we are able to provide is due to a combination of the expertise of our team and our technology. The risk manager of one of our new customers recently commented, “Seriously, I have never experienced anything like this. We wanted a best-in-class superior TPA, and I really think that we found it.” We are looking to build on the momentum that we have achieved. Network solutions revenue sold in the wholesale market for the quarter was $61.4 million, up 7.7% from the same quarter of the prior year. Gross profit in the wholesale business was up 4.9% year-over-year. In the CERiS segment of network solutions, development is focused upon expanding the services into the clinical and coding areas of line item hospital bill payment integrity, enhancing the results that we are able to achieve for our customers. Multiple implementations will be finalized with our new 2017 clients, which we will continue to expand and deepen our partnerships. The Symbeo business franchise includes our treasury and fulfillment service unit. We’ve experienced solid growth in our managed accounts payable automation service through both direct and partner sales channels. The service handles the entire invoice capture validation, matching and approval process. By partnering with Symbeo, our clients eliminate the manual function associated with preparing invoices for payment while retaining oversight and controls to ensure that the highest level of exception free accounts payable processing is achieved. We are committed to the strategy of using…

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