Healthcare solutions providing company MediXall Group Inc (OTCMKTS:MDXL) was in significant focus among investors on Tuesday and ended the day with gains of as much as 14%.
Market Action
On Tuesday, MDXL stock soared 14% at $1.73 with more than 1.70 K shares, compared to its average volume of 3.11k shares. The stock has moved within a range of $1.6150 – 1.7800 after opening the trade at $1.78.
Health Karma(TM) Selected by My HR Professionals to Provide Virtual Health Benefits
Yesterday, the stock soared after the company announced that its fully owned subsidiary company Health Karma managed to bag a contract from the company My HR Professionals. As per the terms of the contract, Health Karma will be responsible for providing virtual health benefits to the employees at My HR Professionals. By way of this particular service, employees from across all industries as well as pay scales, will get help with their health management through urgent, primary and behavioural care for no charge.
It goes without saying that it was a significant development for MediXall Group considering the fact that My HR Professionals serves as many as 20000 employees across the United States. Such a contract can often propel a company to the big leagues and that is possibly the reason behind the optimism among investors with regards to its stock. The Benefits Director at My HR Professionals, Vanessa, spoke about the matter as well. She stated that the Health Karma Membership Plan is expected to bridge a long standing gap with regards to healthcare coverage.
Key Quote
“We are confident that Health Karma’s Membership Plan will fill a long-neglected gap in healthcare coverage for many employees,” said Vanessa, Benefits Director at My HR Professionals. “Their approach in streamlining personalized care and reducing barriers to healthcare coverage is very much in line with our company’s mission for our own clients, so much so that we opted to offer this solution to our employees as well.”
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