SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549

                              FORM 10-C

           REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                     INTERDEALER QUOTATION SYSTEM

             Filed pursuant to Section 13 or 15(d) of the
           Securities Exchange Act of 1934 and Rule 13a-17
                         or 15d-17 thereunder

                            PROXYMED, INC.
          (Exact name of issuer as specified in its charter)

      2501 DAVIE ROAD, SUITE 230, FT. LAUDERDALE, FLORIDA 33317
               (Address of principal executive offices)

Issuer's telephone number, including area code   (954) 473-1001

              I. CHANGE IN NUMBER OF SHARES OUTSTANDING

      Indicate any change (increase or decrease) of 5% or more in
the number of shares outstanding:

1.   Title of security:  Common Stock, $.001 par value
2.   Number of shares outstanding before the change:5,854,227
3.   Number of shares outstanding after the change: 8,781,341*
4.   Effective date of change     July 8, 1996
5.   Method of change:
         Specify method (such as merger, acquisition, exchange,
         distribution, stock split, reverse split, acquisition of
         stock for treasury, etc.):   3 for 2 stock split

Give brief description of transaction:  The company effected a
3 for 2 stock split whereby on July 8, 1996 shareholders received
one  share  for every 2 shares owned.  Cash was paid in  lieu  of
fractional shares. *In addition, the company recently exercised its
rights to convert its outstanding Series A Preferred Stock to common
stock and redeem certain of its outstanding warrants (subject to
prior exercise).  Effective August 2, 1996, there will be approxi-
mately 691,000 additional shares outstanding assuming all warrants
are exercised.

                     II. CHANGE IN NAME OF ISSUER
1.   Name prior to change:
2.   Name after change:
3.   Effective date of charter amendment changing name:
4.   Date of shareholder approval of change, if required:

                                PROXYMED, INC.

Date:July 18, 1996              By: /s/Bennett Marks
                                   Bennett Marks, E.V.P.-Finance