Exhibit 99.3 PROXYMED, INC. UNAUDITED PRO FORMA COMBINED STATEMENT OF OPERATIONS THREE MONTHS ENDED MARCH 31, 2001 MDP Pro Forma Adjustments Pro Forma --------------------- ProxyMed, Inc. (a) Corporation (b) Total # Dr. (Cr.) Combined ------------------ --------------- ------------ --------------------- ------------ Net revenues $ 8,402,900 $ 1,706,800 $ 10,109,700 (1) 20,000 $ 10,089,700 ------------------ --------------- ------------ ------------ Costs and expenses: Cost of sales 3,326,500 1,106,900 4,433,400 (1) (20,000) 4,413,400 Selling, general and adminstrative expenses 5,625,000 317,700 5,942,700 5,942,700 Depreciation and amortization 3,019,800 25,000 3,044,800 (2) 799,000 3,837,300 (3) (1,600) (4) (4,900) ------------------ --------------- ------------ ------------ 11,971,300 1,449,600 13,420,900 14,193,400 ------------------ --------------- ------------ ------------ Income (loss) from continuing operations (3,568,400) 257,200 (3,311,200) (4,103,700) Other income (expense): Interest, net 101,200 (2,700) 98,500 (5) 122,500 (24,000) ------------------ --------------- ------------ ------------ Income (loss) before income taxes (3,467,200) 254,500 (3,212,700) (4,127,700) Income tax benefit (expense) - - - - ------------------ --------------- ------------ ------------ Net income (loss) (3,467,200) 254,500 (3,212,700) (4,127,700) Deemed dividends and other charges 2,461,100 - 2,461,100 2,461,100 ------------------ --------------- ------------ ------------ Net income (loss) applicable to common shareholders $ (5,928,300) $ 254,500 $ (5,673,800) $ (6,588,800) ================== =============== ============ ============ Weighted average common shares outstanding 21,018,936 21,018,936 ================== ============ Basic and diluted loss per share of common stock from continuing operations $ (0.28) $ (0.31) ================== ============ (1) To eliminate intercompany revenues and cost of sales between ProxyMed and MDP. (2) To record amortization of goodwill over 3 years related to the acquisition of MDP. (3) To eliminate depreciation expense for fixed assets not acquired from MDP. (4) To record reduction of depreciation expense based on allocation of purchase price to fixed assets acquired from MDP. (5) To record interest expense on note payable issued for acquisition of MDP. (a) This column is derived from the unaudited consolidated financial statements of ProxyMed, Inc. and subsidiaries for the three months ended March 31, 2001. (b) This column is derived from the unaudited financial statements of MDP Corporation for the three months ended March 31, 2001. Amounts have been rounded to the nearest $100.