Proxsys Rx
Latest round
- Series A
Last raised
- Dec 2020
Total raised
- Undisclosed
Investors
- 1
About Proxsys Rx
Founded in 2013 and headquartered in Birmingham, US, Proxsys Rx, LLC specializes in pharmacy solutions designed to assist hospital systems. The company has executed one deal, with its most recent deal occurring on December 14, 2020.ProxsysRx offers a comprehensive suite of pharmacy solutions aimed at enhancing patient care and optimizing hospital pharmacy operations. Their core product offerings include bedside prescription delivery, retail pharmacy outsourcing, 340B program optimization, and employee health benefits savings. These services are designed to address critical challenges faced by hospital systems, such as reducing readmission rates, managing pharmacy benefits, and streamlining prescription payment assistance. ProxsysRx serves 32 hospital systems, providing significant savings and minimizing capital risks for healthcare providers.The revenue structure of ProxsysRx is built on a model that leverages partnerships with healthcare facilities, focusing on B2B transactions. The company collaborates with hospital systems to implement its pharmacy solutions, charging clients based on the services rendered without imposing upfront costs. This approach includes revenue-sharing agreements and performance-based incentives, allowing hospitals to benefit from improved patient care while minimizing financial risk. ProxsysRx’s offerings, including 340B optimization and prescription payment assistance, operate under a cost-effective framework designed to maximize returns for their clients. The company plans to develop new products targeting enhanced pharmacy management solutions, although specific release dates have yet to be announced. ProxsysRx aims to expand its services into additional healthcare markets across the United States, focusing on regions with significant demand for pharmacy optimization.
Who invested in Proxsys Rx
1 investor across 1 round
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Funding rounds
Series A
Dec 14, 2020
Amount
Undisclosed
Investors
Questions about Proxsys Rx
Who invested in Proxsys Rx?
Proxsys Rx has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Proxsys Rx raised?
Proxsys Rx has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Proxsys Rx last raise money?
Proxsys Rx's most recent round on record is a Series A, in Dec 2020.
What does Proxsys Rx do?
Founded in 2013 and headquartered in Birmingham, US, Proxsys Rx, LLC specializes in pharmacy solutions designed to assist hospital systems.
Where is Proxsys Rx headquartered?
Proxsys Rx is headquartered in Birmingham, US.
Which VCs invest in companies like Proxsys Rx?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Kleiner Perkins and Lightspeed Venture Partners back healthcare companies at Proxsys Rx's stage. Their profiles are linked below.
VCs backing healthcare startups at Series A
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