MediXall Group Inc. (OTCMKTS:MDXL) Stock Soars 18% in a Month: Here is Why

MediXall Group Inc. (OTCMKTS:MDXL) is up 18% in a month. The company issued an open letter to its shareholders from Travis Jackson, who was recently appointed as CEO of Health Karma, a wholly-owned subsidiary of MediXall.

Market Stats

On Thursday, MDXL stock ended flat to $1.41 with more than 1 shares, compared to its average volume of 3.8K shares. The stock has moved within a range of $1.4100 – 1.4100 after opening the trade at $1.41.

Open Letter to Shareholders

Jackson said that following years of healthcare leadership, he jumped at the chance to go back to entrepreneurial roots to be Health Karma CEO. He explains that he has over three decades of experience in the healthcare sector, and most recently, he held the VP Strategy & Business Development position for Beacon Health Options. Before his role at Beacon Health, Jackson was an executive Sales VP from Linkwell Health, where he was in charge of marketing activities and national sales with efforts focusing on hospital systems and health insurance plans.

He explained that since joining Health Karma, they have upgraded VPC products by refining Behavioural health services by including 24/7 access to licensed therapists, added a Spanish language experience to membership, as well as Vision discount via VSP, Dental discount via Careington, and Hearing Discount via Epic. Investors should watch MDXL.

Key Quote

For those of you who aren’t familiar with my background, I stepped into the CEO role at Health Karma with more than three decades of experience working in the healthcare industry, most recently as Vice President of Strategy & Business Development for Beacon Health Options, one of the largest behavioral health organizations in the country. Beacon serves more than 40 million individuals across all 50 states. While at Beacon, the Company was acquired by Anthem in 2020 and currently resides as a wholly owned subsidiary in Anthem’s Diversified Business Group.