Proximity raised $3 million in a Seed funding round led by LRVHealth to optimize 340B drug discount revenue for healthcare providers.

Feb 20, 2025•5 months ago

Amount Raised

$3 Million

Round Type

seed

ChicagoHealth Care

Investors

Commonweal VenturesLrv Health

Description

Proximity launched with $3 million in funding to enhance its automation platform aimed at maximizing 340B drug discount revenue for hospitals and health centers. The Seed round, led by LRVHealth with participation from Commonweal Ventures, will facilitate the accelerated development of their technology.

Company Information

Company

Proximity

Location

Chicago, Illinois, United States

About

Proximity maximizes revenue healthcare providers earn from the federal 340B Drug Pricing Program, while minimizing the time and resources they dedicate to manage it. With modern technology that centralizes data from electronic health records (EHRs), third-party administrators (TPAs) and wholesales into a single intelligent platform, Proximity safeguards against manufacturer threats and compliance concerns, while uncovering significant, often overlooked 340B revenue — in days, not weeks.

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