iCoreConnect Revenue Increases 55% for the Three-Month Period of 2Q 2020 and Jumps 67% for the Six Months Ending June 30, 2020

WINDERMERE, FL, Aug. 19, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iCoreConnect, Inc. (OTCQB: ICCT) reports financial results for the three and six-month periods ending June 30, 2020.  iCoreConnect is a cloud-based, SaaS company focused on increasing profit and operational speed in healthcare. iCoreConnect is most notably known for its innovation in solving business problems for dental and medical providers.

Key Highlights:
·      Over the three-month period of 2Q 2020 net revenues increased 55% compared to the 2Q 2019 period.  

·      For the six-month period ending June 30, 2020, net revenues increased 67% compared to the six-month period ending June 30, 2019.

·      The increase between six-month periods was primarily due to recurring SaaS revenues for both our iCoreExchange and iCoreRx ePrescription software.  iCoreRx was launched in January 2020 and has had extraordinary success in its launch.

iCoreRx is a comprehensive ePrescribing software. It improves patient care and speeds up the entire prescription process. iCoreRx integrates with popular Practice Management Systems or EHRs. Providers gain instant access to drug information, including dosing options, contraindications, and discontinued meds through the built-in, rapid-search Lexicomp drug directory. Providers protect both the patient and the practice by viewing complete prescription history of all medications. The iCoreRx + PMP add-on module directly integrates with a state’s Prescription Drug Monitoring Program (PDMP / PMP) database.  States across the country have implemented, or are on the verge of adopting, laws requiring PMP checks when writing prescriptions for controlled substances.

“The growth during COVID is the result of the successful first quarter launch this year of two new software solutions: iCoreRx and iCoreHuddle, as well as the acquisition of TrinIT,” explains iCoreConnect President and CEO Robert McDermott. “We’re now resourced as a Managed Service Provider, or MSP, which is an additional recurring revenue model. The acquisition of TrinIT strategically positions us to address the growing need for managed services among our existing SaaS customers and to offer SaaS solutions to managed services customers or prospects.” The MSP approach uses preventative measures to keep computers and networks up and running while data is accessible and safeguarded.