STOCK TITAN

iCoreConnect, Inc. and DSO MarketWatch Forge Partnership to Expand Presence in the Dental Service Organization Sector

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
partnership

iCoreConnect Inc. (NASDAQ: ICCT) has announced a strategic partnership with DSO MarketWatch, a leading business intelligence provider in the dental industry. This collaboration aims to expand iCoreConnect's presence in the Dental Service Organization (DSO) sector. The partnership grants iCoreConnect access to DSO MarketWatch's extensive network of over 2,700 DSOs, dental group practices, and 150,000+ solo-practicing dentists.

Key benefits of this partnership include:

  • Enhanced revenue growth opportunities for iCoreConnect
  • Access to the DSO Directory with nearly 3,000 group practice accounts and 23,000 key contacts
  • Increased lead generation, marketing, and sales outreach
  • Promotion of iCorePay, a digital billing and payment platform tailored for DSOs

This collaboration is expected to significantly extend iCoreConnect's reach in the DSO market and provide valuable solutions to dental practices nationwide.

iCoreConnect Inc. (NASDAQ: ICCT) ha annunciato una partnership strategica con DSO MarketWatch, un fornitore leader di intelligenza commerciale nel settore dentale. Questa collaborazione mira ad ampliare la presenza di iCoreConnect nel settore delle Organizzazioni di Servizi Dentali (DSO). La partnership consente a iCoreConnect di accedere alla vasta rete di DSO MarketWatch, che comprende oltre 2.700 DSO, gruppi di pratiche dentali e oltre 150.000 dentisti con pratica individuale.

I principali vantaggi di questa partnership includono:

  • Aumentate opportunità di crescita dei ricavi per iCoreConnect
  • Accesso al Direttorio DSO con quasi 3.000 conti di pratiche di gruppo e 23.000 contatti chiave
  • Aumento della generazione di lead, marketing e outreach alle vendite
  • Promozione di iCorePay, una piattaforma di fatturazione e pagamento digitale progettata per i DSO

Si prevede che questa collaborazione estenderà significativamente la portata di iCoreConnect nel mercato DSO, fornendo soluzioni preziose per le pratiche dentali a livello nazionale.

iCoreConnect Inc. (NASDAQ: ICCT) ha anunciado una asociación estratégica con DSO MarketWatch, un proveedor líder de inteligencia comercial en la industria dental. Esta colaboración tiene como objetivo expandir la presencia de iCoreConnect en el sector de las Organizaciones de Servicios Dentales (DSO). La asociación otorga a iCoreConnect acceso a la extensa red de DSO MarketWatch, que cuenta con más de 2,700 DSO, prácticas dentales grupales y más de 150,000 dentistas en práctica individual.

Los principales beneficios de esta asociación incluyen:

  • Oportunidades mejoradas de crecimiento de ingresos para iCoreConnect
  • Acceso al Directorio DSO con casi 3,000 cuentas de prácticas grupales y 23,000 contactos clave
  • Aumento de la generación de leads, marketing y alcance de ventas
  • Promoción de iCorePay, una plataforma digital de facturación y pagos diseñada para DSO

Se espera que esta colaboración extienda significativamente el alcance de iCoreConnect en el mercado DSO y proporcione soluciones valiosas a las prácticas dentales en todo el país.

iCoreConnect Inc. (NASDAQ: ICCT)는 치과 산업의 선두 비즈니스 인텔리전스 제공업체인 DSO MarketWatch와 전략적 파트너십을 발표했습니다. 이 협력은 iCoreConnect의 치과 서비스 조직(DSO) 분야에서의 존재감을 확장하는 것을 목표로 하고 있습니다. 이 파트너십은 iCoreConnect에게 DSO MarketWatch의 2,700개 이상의 DSO, 치과 그룹 실습 및 150,000명 이상의 독립 치과의사 네트워크에 접근할 수 있는 권한을 부여합니다.

이 파트너십의 주요 이점은 다음과 같습니다:

  • iCoreConnect의 수익 성장 기회 증대
  • 거의 3,000개의 그룹 실습 계정과 23,000명의 주요 연락처가 포함된 DSO 디렉토리에 대한 접근
  • 리드 생성, 마케팅 및 판매 접근의 증가
  • DSO를 위해 설계된 디지털 청구 및 결제 플랫폼인 iCorePay 홍보

이 협력은 iCoreConnect의 DSO 시장에서의 도달 범위를 크게 확장하고 전국의 치과 실습에 가치 있는 솔루션을 제공할 것으로 예상됩니다.

iCoreConnect Inc. (NASDAQ: ICCT) a annoncé un partenariat stratégique avec DSO MarketWatch, un fournisseur de premier plan d'intelligence commerciale dans l'industrie dentaire. Cette collaboration vise à élargir la présence d'iCoreConnect dans le secteur des Organisations de Services Dentaires (DSO). Le partenariat accorde à iCoreConnect un accès au vaste réseau de DSO MarketWatch, qui comprend plus de 2 700 DSO, des groupes de pratiques dentaires et plus de 150 000 dentistes en pratique individuelle.

Les principaux avantages de ce partenariat incluent :

  • Des opportunités de croissance des revenus renforcées pour iCoreConnect
  • Un accès au Répertoire DSO avec près de 3 000 comptes de pratiques de groupe et 23 000 contacts clés
  • Une génération de leads, un marketing et une prospection commerciale accrus
  • La promotion d'iCorePay, une plateforme de facturation et de paiement numérique adaptée aux DSO

Cette collaboration devrait considérablement étendre la portée d'iCoreConnect sur le marché DSO et fournir des solutions précieuses aux pratiques dentaires à l'échelle nationale.

iCoreConnect Inc. (NASDAQ: ICCT) hat eine strategische Partnerschaft mit DSO MarketWatch angekündigt, einem führenden Anbieter von Geschäftsinformationen in der Zahnmedizinbranche. Diese Zusammenarbeit zielt darauf ab, die Präsenz von iCoreConnect im Sektor der Dental Service Organisationen (DSO) zu erweitern. Die Partnerschaft ermöglicht iCoreConnect den Zugang zu DSO MarketWatchs umfangreichem Netzwerk von über 2.700 DSOs, zahnärztlichen Gruppenpraxen und mehr als 150.000 selbstpraktizierenden Zahnärzten.

Zu den wichtigsten Vorteilen dieser Partnerschaft gehören:

  • Erhöhte Umsatzwachstumsmöglichkeiten für iCoreConnect
  • Zugang zum DSO-Verzeichnis mit fast 3.000 Gruppenpraxis-Konten und 23.000 Hauptkontakten
  • Erhöhte Lead-Generierung, Marketing und Verkaufsansprache
  • Förderung von iCorePay, einer digitalen Abrechnungs- und Zahlungsplattform, die auf DSOs zugeschnitten ist

Diese Zusammenarbeit wird voraussichtlich die Reichweite von iCoreConnect im DSO-Markt erheblich erweitern und wertvolle Lösungen für zahnmedizinische Praxen im ganzen Land bieten.

Positive
  • Partnership with DSO MarketWatch expands iCoreConnect's reach to over 2,700 DSOs and 150,000+ dentists
  • Access to DSO Directory with nearly 3,000 group practice accounts and 23,000 key contacts
  • Potential for increased revenue growth through enhanced lead generation and sales outreach
  • Promotion of iCorePay, a tailored digital billing and payment platform for DSOs
Negative
  • None.

Insights

This partnership between iCoreConnect and DSO MarketWatch is a strategic move that could significantly boost iCoreConnect's market presence. The access to DSO MarketWatch's network of 2,700 DSOs and 150,000 solo practitioners presents a substantial opportunity for lead generation and sales growth. However, it's important to note that while the potential is there, the actual impact on revenue remains to be seen.

The focus on iCorePay as a standout product for DSOs is particularly interesting. If successful, this could lead to increased adoption rates and potentially higher recurring revenue streams. Investors should monitor upcoming quarterly reports for signs of increased customer acquisition and revenue growth directly attributable to this partnership.

This partnership aligns with the growing trend of digitalization in the dental industry. The dental services market is projected to reach $435 billion globally by 2027, with a CAGR of 6.4%. iCoreConnect's strategy to tap into this market through DSO MarketWatch's extensive network is well-timed.

The emphasis on iCorePay addresses a critical pain point for DSOs - centralized billing and payment management. As DSOs continue to consolidate the fragmented dental market, solutions that offer scalability and efficiency will likely see increased demand. However, competition in this space is fierce and iCoreConnect will need to demonstrate clear differentiation to capture significant market share.

iCoreConnect's iCoreEnterprise platform, particularly iCorePay, offers compelling features for DSOs. The integration with major digital wallets aligns with consumer preferences for contactless payments, which have seen a 41% increase in usage since 2019. This could potentially improve patient satisfaction and payment rates.

However, the success of this partnership will largely depend on the technical integration and user experience of iCoreConnect's solutions within diverse DSO environments. Seamless integration and robust data security will be important for widespread adoption. Investors should look for updates on implementation success rates and user feedback in future communications.

OCOEE, FL, Aug. 21, 2024 (GLOBE NEWSWIRE) -- iCoreConnect Inc. (NASDAQ: ICCT) (“iCore” or the “Company”), a leading provider of cloud-based software and technology solutions, has announced a new Channel Partner agreement with DSO MarketWatch, a prominent business intelligence leader in the dental industry. DSO MarketWatch specializes in delivering business intelligence and connectivity to over 2,700 Dental Support Organizations (DSOs), dental group practices, and more than 150,000 solo-practicing dentists.

Through this partnership, iCoreConnect aims further to enhance revenue growth opportunities within its Channel Partner Program. With DSO MarketWatch's vast network, encompassing both large DSO entities and smaller, owner-operated practices, the collaboration is poised to provide significant lead generation, marketing, and sales outreach for iCoreConnect.

Robert McDermott, CEO of iCoreConnect, commented on the strategic alliance, stating, “DSO MarketWatch grants us access to the DSO Directory, which includes nearly 3,000 group practice accounts and over 23,000 key contacts, with an average of 30 new groups being added each month. This dramatically extends our reach, particularly within the DSO market.”

A standout product in the dental industry, particularly for DSOs, is iCorePay, a digital billing, payment, and statement platform. iCorePay offers centralized billing activities and insights, enabling both providers and patients to:

  • Seamlessly connect with major digital wallets for easy patient payments
  • Accelerate payment receipt and improve revenue management
  • Increase revenue while reducing costs

W. Scott Clements, Founder & Managing Partner of DSO MarketWatch, expressed his enthusiasm for the partnership, saying, “We recognize the daily challenges dental practices face. The software and services provided by iCoreConnect’s iCoreEnterprise healthcare workflow platform is essential for practices nationwide. Our DSO Partners are particularly excited about solutions like iCorePay, which significantly streamlines collections across their dental offices. We’re excited to join forces with iCoreConnect in this partnership.”

About iCoreConnect Inc. (NASDAQ: ICCT)

iCoreConnect Inc. is a leading, cloud-based software and technology company focused on increasing workflow productivity and practice profitability through its enterprise and healthcare workflow platform of applications and services. iCoreConnect is most notably known for its innovation in solving healthcare business problems. iCoreConnect’s philosophy places a high value on customer feedback, positioning iCoreConnect to respond to the market’s needs. iCoreConnect touts a platform of 16 SaaS enterprise solutions and more than 130 product endorsements with state or regional healthcare associations across the United States.

About DSO MarketWatch

Providing Access to Key Dental Contacts, Practices & Dental Groups to advance your business. DSO MarketWatch is the leading provider of business intelligence on over 3,000 DSOs/Dental Group Practices & more than 28,000 Key DSO Contacts. The company offers more than 30 years of Dental Marketing experience and also provides access to data on over 160,000 Solo-Practicing Dentists. This business intelligence helps marketers to identify, target, access & secure new customers.

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


FAQ

What is the new partnership announced by iCoreConnect (ICCT)?

iCoreConnect (NASDAQ: ICCT) has announced a new Channel Partner agreement with DSO MarketWatch, a business intelligence leader in the dental industry, to expand its presence in the Dental Service Organization (DSO) sector.

How many DSOs and dentists does DSO MarketWatch's network include?

DSO MarketWatch's network includes over 2,700 Dental Support Organizations (DSOs), dental group practices, and more than 150,000 solo-practicing dentists.

What is iCorePay and how does it benefit DSOs?

iCorePay is a digital billing, payment, and statement platform that offers centralized billing activities and insights for DSOs. It enables seamless connection with digital wallets, accelerates payment receipt, and helps increase revenue while reducing costs.

How many group practice accounts are in the DSO Directory that iCoreConnect (ICCT) now has access to?

Through the partnership, iCoreConnect (ICCT) now has access to the DSO Directory, which includes nearly 3,000 group practice accounts and over 23,000 key contacts.

iCoreConnect Inc.

NASDAQ:ICCT

ICCT Rankings

ICCT Latest News

ICCT Stock Data

1.92M
11.98M
33.45%
7.89%
1.35%
Health Information Services
Services-prepackaged Software
Link
United States of America
OCOEE