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ProxyMed, Inc.

 
Hoover's Profile: ProxyMed, Inc.
Contact Information
ProxyMed, Inc.
1854 Shackleford Court, Ste. 200
Norcross, GA 30093-2924
GA Tel. 770-806-9918

Type: Private
Employees: 170

ProxyMed, dba MedAvant Healthcare Solutions, is a uniter, not a divider. The company brings together health care providers and insurers over a real-time transaction processing system that uses the company's proprietary Phoenix technology. Phoenix powers a Web portal called myMedAvant through which providers submit claims to insurance companies. In addition, the company designs, sells, and leases communication devices that clinical laboratories use to electronically send lab results to doctors. MedAvant operates across the US through six regional centers. Private equity investor General Atlantic owns 25% of the company. In July 2008 the company filed for Chapter 11 bankruptcy.

Key numbers for fiscal year ending December, 2007:
Sales: $54.1M
One year growth: (17.3%)
Net income: ($36.8)M

Officers:
President and Interim CIO: Andrew Lawson
EVP Operations: Lonnie W. Hardin
CFO: Sally Roberts

Competitors:
eHealth
McKesson
WebMD Health

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