SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

          Date of Report (Date of earliest event reported): May 9, 2000


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

    FLORIDA                        000-22052                     65-0202059
    -------                        ---------                     ----------
(State or other             (Commission File No.)               (IRS Employer
jurisdiction of                                              Identification No.)
incorporation)


                                 2555 DAVIE ROAD
                                    SUITE 110
                          FT. LAUDERDALE, FLORIDA 33317
                    (Address of principal executive offices)

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






ITEM 5.  OTHER EVENTS.

         On May 9, 2000, ProxyMed, Inc. (the "Company") announced that it had
engaged an investment bank to assist it in a capital raising transaction and to
serve as the Company's exclusive financial advisor.

         A copy of the press release is attached hereto as Exhibit 99.1.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c)      Exhibits

         EXHIBIT NO.                 DESCRIPTION
         -----------                 -----------
         99.1                        Press Release issued on May  9, 2000.

                                       2



                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                         PROXYMED, INC.

                                         By: /S/ BENNETT MARKS
                                            ---------------------------------
                                         Name: Bennett Marks
                                         Title: Executive Vice President -
                                                Finance, Chief Financial Officer

Dated:  May 9, 2000

                                       3


                                  EXHIBIT INDEX

         EXHIBIT NO.                 DESCRIPTION
         -----------                 -----------
         99.1                        Press Release issued on May  9, 2000.