iCoreConnect expands its partnership with the Maryland State Dental Association to include a full suite of software solutions.
Quiver AI Summary
iCoreConnect Inc. has expanded its endorsement partnership with the Maryland State Dental Association (MSDA), now including its entire suite of cloud-based software solutions for dental practices. Initially, the partnership endorsed specific services like iCoreVerify and iCoreRx, but now encompasses additional offerings such as iCorePay, iCoreClaims, iCoreExchange, and others. Robert McDermott, CEO of iCoreConnect, expressed excitement about the partnership, emphasizing the company's commitment to enhancing the efficiency and profitability of dental practices. Dr. Chris Liang, President of the MSDA, praised iCoreConnect's innovative solutions that support improved business operations for members. With over 190 endorsements nationwide, iCoreConnect continues to focus on improving workflow efficiency and data security in the dental industry.
Potential Positives
- iCoreConnect has expanded its endorsement partnership with the Maryland State Dental Association, enhancing its credibility and market presence in the dental industry.
- The partnership now includes a comprehensive suite of cloud-based solutions, positioning iCoreConnect as a key provider of diverse and essential services for dental practices.
- The endorsement from MSDA reflects iCoreConnect's commitment to innovating and improving workflow efficiency, productivity, and data security in dental practices nationwide.
- iCoreConnect has over 190 product endorsement agreements across the U.S., indicating strong market acceptance and trust in its solutions by dental associations.
Potential Negatives
- The release emphasizes the company's reliance on endorsements from associations for validation and growth, which may indicate a lack of independent market success.
- Including a disclaimer about forward-looking statements highlights the uncertainties and risks associated with the company's future performance.
- Despite the expanded partnership, there is no mention of financial performance or market share, which could raise concerns about the company's overall health and competitiveness.
FAQ
What is the recent announcement by iCoreConnect Inc.?
iCoreConnect Inc. announced the expansion of its endorsement partnership with the Maryland State Dental Association to include its full cloud-based software platform.
Which endorsements does the MSDA offer for iCoreConnect?
The MSDA's endorsements now include iCoreVerify, iCoreRx, iCorePay, iCoreClaims, iCoreExchange, iCoreCodeGenius, iCoreAcademy, iCoreAnalytics, iCoreCloud, and iCoreHIPAA.
What is the mission of the Maryland State Dental Association?
The Maryland State Dental Association aims to serve as a trusted resource for oral health and provide advocacy, education, and services for the dental profession and the public.
How does iCoreConnect support dental practices?
iCoreConnect helps dental practices streamline revenue cycle management, enhance efficiency, and boost profitability through innovative software solutions.
What is iCoreConnect's commitment to the dental industry?
iCoreConnect is committed to improving workflow efficiency, productivity, and data security within dental practices across the U.S.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ICCT Insider Trading Activity
$ICCT insiders have traded $ICCT stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $ICCT stock by insiders over the last 6 months:
- GLOBAL INC. FUNDAMENTAL has traded it 6 times. They made 0 purchases and 6 sales, selling 1,400,000 shares.
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$ICCT Hedge Fund Activity
We have seen 2 institutional investors add shares of $ICCT stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VIRTU FINANCIAL LLC removed 18,725 shares (-100.0%) from their portfolio in Q2 2024
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 11,953 shares (-100.0%) from their portfolio in Q3 2024
- TWO SIGMA SECURITIES, LLC added 11,449 shares (+inf%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC removed 10,772 shares (-100.0%) from their portfolio in Q3 2024
- GEODE CAPITAL MANAGEMENT, LLC removed 6,156 shares (-10.2%) from their portfolio in Q3 2024
- UBS GROUP AG removed 2,667 shares (-69.7%) from their portfolio in Q3 2024
- QUBE RESEARCH & TECHNOLOGIES LTD removed 1,600 shares (-100.0%) from their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
OCOEE, Fla., Nov. 25, 2024 (GLOBE NEWSWIRE) -- iCoreConnect Inc. (NASDAQ: ICCT), a leading provider of cloud-based software and technology solutions, has announced the expansion of its endorsement partnership with the Maryland State Dental Association (as an MSDA Member Perks Endorsed Vendor) to include its full platform of cloud-based software and technology solutions. Before this expansion, the MSDA Member Perks Program endorsed iCoreVerify automated insurance verifications in 2021, followed by iCoreRx cloud ePrescribing in 2022.
MSDA’s endorsements now include:
- iCoreVerify - Automated Insurance Verifications
- iCoreRx - Cloud ePrescribing
- iCorePay - Digital Patient Statements, Payments & Billing
- iCoreClaims - Dental Claims & Billing Services
- iCoreExchange - Encrypted HIPAA Email
- iCoreCodeGenius - Rapid Medical Coding for Dental
- iCoreAcademy - Patient Education Video Library
- iCoreAnalytics - Actionable Practice Analytics
- iCoreCloud - Encrypted HIPAA Cloud Backup
- iCoreHIPAA - HIPAA Compliance Platform
Robert McDermott, CEO of iCoreConnect, is thrilled about the expanded partnership, stating, "The MSDA has chosen to join the growing list of state dental associations who endorse the full iCoreEnterprise platform. Our team is committed to helping dental practices streamline revenue cycle management, enhance efficiency, and boost profitability through innovative solutions that support every step of the patient journey. We look forward to seeing these impactful benefits at work in Maryland.”
Dr. Chris Liang, President of the Dental Association Company charged with reviewing and thoroughly vetting all of the Association’s Member Perks partners, shared his enthusiasm: “iCoreConnect continues to innovate with dental practices in mind, and MSDA members now have exciting opportunities to enhance business operations, security and revenue with these added endorsed services.”
With this expansion, MSDA joins the growing community of state dental associations backing iCoreConnect’s full suite of cloud solutions tailored for the dental industry. With over 190 product endorsement agreements across the U.S., iCoreConnect continues demonstrating its commitment to improving workflow efficiency, productivity, and data security in dental practices nationwide.
For more information, visit iCoreConnect.com .
About iCoreConnect Inc.
iCoreConnect Inc. is a SaaS leader in cloud-based software and technology solutions, designed to enhance workflow productivity and profitability in healthcare.
About the Maryland State Dental Association
Founded in 1883, The Maryland State Dental Association (MSDA) is the oldest, and largest, professional association for organized dentistry in Maryland. The MSDA represents the dental profession’s efforts to provide high quality and ethical oral health care to the public. According to their mission statement, the MSDA is committed “to serve as the most trusted resource for oral health and be the leading provider in advocacy, education and services for the dental profession and the public.”
Forward-Looking Statements
Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’ ‘intends,’ ‘potential,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’ ‘approximately’ or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under Item 1A. “Risk Factors” in the Company’s most recently filed Form 10-K filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.
Investor Contacts
IR@icoreconnect.com
888.810.7706, ext 5