iCoreConnect Launches iCoreHIPAA to Increase Market Share with Existing and New Customers

Rhea-AI Summary

iCoreConnect, Inc. (OTCQB: ICCT) has launched iCoreHIPAA, a HIPAA-compliant risk assessment software aimed at healthcare providers. This new product addresses customer needs for conducting Security Risk Analysis, HIPAA Training, and tracking Business Associate Agreements. iCoreHIPAA automates risk assessments while providing templates and guidance for complying with HIPAA’s security rule. With nearly 90 endorsements from medical and dental associations and 30,000 subscribers, iCoreConnect is enhancing its market presence while maintaining a low attrition rate of under 1%.

Positive

• Launch of iCoreHIPAA software enhances product offerings.
• Addresses specific customer requests for compliance tools.
• Nearly 90 endorsements from state medical and dental associations.
• 30,000 subscribers with less than a 1% attrition rate indicates strong customer retention.

Negative

• None.

Ocoee, FL, Sept. 13, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- iCoreConnect, Inc., (OTCQB: ICCT), a cloud-based Software-as-a-Service (SaaS) technology provider for healthcare business workflow, today announced the product launch of iCoreHIPAA – a cloud- based HIPAA-compliant risk assessment software for customers nationwide.

As iCoreConnect rapidly expands its products and services into the varied medical and dental sectors, customers have repeatedly requested a technology tool that helps them conduct Security Risk Analysis, HIPAA Training, and track Business Associate Agreements.  iCoreHIPAA enables customers to identify vulnerabilities, implement policies and procedures, and guarantee IT security to mitigate risk and save time. 

The newest part of iCoreConnect's suite of products helps customers deliver compliance-ready policies to their staff and patients of any size. HIPAA’s security rule requires that entities handling Protected Health Information (PHI) and sensitive data ensure the security of patient data. iCoreHIPAA automates risk assessment and provides detailed explanations, templates, and examples to help customers understand their security risks and take action. 

iCoreConnect's HIPAA-compliance software includes efficiencies within the platform unrivaled by other competing technologies. As a result, customers can build or complement their existing HIPAA privacy and security program with the most innovative tools and guidance available.

Robert McDermott, Chairman and CEO of iCoreConnect, commented, “Our team continues to develop new products, partners, and add-on features that our existing customers need and ask for and will allow us to gain new customers. We remain on an accelerated growth track with nearly 90 endorsements from state medical and dental associations, 30,000 subscribers, and less than a 1% attrition rate. The value-add of our SaaS platform is enabling us to keep existing customers longer and increase our market penetration by winning new customers.”

To learn more about iCoreHIPAA check out the website at:icoreconnect.com/hipaa-risk-assessment-icorehipaa

About iCoreConnect, Inc. (OTCQB: ICCT)

iCoreConnect, Inc. is a market leading, cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise platform of applications and services. iCoreConnect is most notably known for its innovation in solving healthcare business problems. The company’s philosophy places a high value on customer feedback, allowing iCoreConnect to respond to the market’s needs. iCoreConnect touts a platform of 15 SaaS enterprise solutions and nearly 80 agreements with state or regional healthcare associations across the U.S.

For more information, please visit: https://www.icoreconnect.com

FORWARD-LOOKING STATEMENTS:

In this news release, the use of the words "believe," "could," "expect," "may," "positioned," "project," "projected," "should," "will," "would," or similar expressions are intended to identify forward-looking statements that represent the Company's current judgment about possible future events. The Company believes these judgments are reasonable, but these statements are not guarantees of any events or financial results, and actual results may differ materially due to a variety of important factors.

Investor Contacts:

IR@iCoreConnect.com

ClearThink Capital

brian@clearthink.capital

P: 347-413-4234

FAQ

What is iCoreHIPAA and how does it help healthcare providers?

iCoreHIPAA is a HIPAA-compliant risk assessment software that aids healthcare providers in conducting Security Risk Analysis, HIPAA Training, and tracking Business Associate Agreements.

When was iCoreHIPAA launched by iCoreConnect?

iCoreHIPAA was launched on September 13, 2022.

What are the benefits of using iCoreHIPAA?

iCoreHIPAA helps identify vulnerabilities, implement security policies, and ensures compliance with HIPAA’s security rule, ultimately saving time and mitigating risks.

How many subscribers does iCoreConnect currently have?

iCoreConnect has approximately 30,000 subscribers.

What is the attrition rate for iCoreConnect's subscribers?

iCoreConnect boasts an attrition rate of less than 1%.