What is Proximity?
Proximity offers a sophisticated automation platform that empowers qualified healthcare providers to maximize their revenue from the federal 340B drug pricing program. Led by CEO and Founder Scott Johnsen, the company streamlines the management of this program, which often demands significant time and resources. Proximity's technology integrates data from electronic health records (EHRs), third-party administrators (TPAs), and wholesalers into a unified, intelligent system. This centralized approach not only safeguards against potential manufacturer threats and ensures compliance but also uncovers substantial, often overlooked, 340B revenue streams for its clients.
How much funding has Proximity raised?
Proximity has raised a total of $3M across 1 funding round:
Angel/Seed
$3M
Angel/Seed (2025): $3M with participation from LRVHealth and Commonwealventures
Key Investors in Proximity
LRVHealth
LRVHealth is a venture capital firm specializing in disruptive digital health, devices, and diagnostic companies, based in Boston, Massachusetts.
Commonwealventures
Commonweal Ventures is an investment firm that supports early-stage companies, particularly those leveraging government partnerships in sectors like health, energy, and cybersecurity, by investing between $500,000 to $2 million.
What's next for Proximity?
With this latest round of major strategic investment, Proximity is poised to further solidify its market position and expand its technological capabilities. The company's focus on optimizing 340B drug discount revenue positions it as a critical partner for healthcare providers navigating complex regulatory and financial landscapes. Future developments are likely to center on enhancing platform intelligence, broadening integration with healthcare IT systems, and potentially expanding services to address other areas of healthcare revenue cycle optimization. This strategic financing will be instrumental in driving innovation and scaling operations to meet growing demand.
See full Proximity company page
