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Home > Company Index > Health Products & Services > Medical Practice Management & Services > ProxyMed, Inc.

ProxyMed, Inc.
Nasdaq: PILL
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 PROFILE
ProxyMed provides electronic transaction services to the health care industry over its ProxyNet online network. Its ProxyNet system links physicians, insurance companies, laboratories, and pharmacies to help facilitate the health care transaction process. The company's health information Web site, proxyMed.com, enables doctors to place lab orders, receive results online, and process payor claims. ProxyMed also sells and leases communication devices to laboratories. The firm sold its ProxyCare drug-dispensing unit and its Hayes network integration division to focus on its business-to-business services. It has also trimmed its workforce and revamped management to cut costs.

 COMPETITION
NDCHealth (NDC)
National Wireless Holdings Inc. (NWIR)
WebMD Corporation (HLTH)

 DEALS
Deal: ProxyMed Gets $15 Million in Private Placement
Date Announced: 12.28.99
Value of transaction (US $Mil): 15
Description: Web-based health information firm receives $15 million in private placement funding.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 33.40
1-Yr. Sales Growth: 15.2%
Employees: 253
Revenue per employee: $132,015.81

 KEY PEOPLE
• Michael K. Hoover
    CEO
• Judson E. Schmid
    CFO

 CONTACT INFO
2555 Davie Rd., Ste. 110
Fort Lauderdale, FL 33317
US
Phone: 954-473-1001
Fax: 954-473-0620
Online: Web Site

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