Iggbo Teams Up with Painless1099 to Help Phlebotomists Save for Tax Season

RICHMOND, Va., April 26, 2016 /PRNewswire/ -- Iggbo and Painless1099, two startups that launched in Richmond, Virginia, have announced a strategic relationship designed to support healthcare professionals working as independent contractors.

Operating in over 120 cities, Iggbo provides on-demand blood draw services that benefit every vertical of healthcare—from health systems to specialty labs to tele-medicine. To power this workforce, Iggbo has created a new career path for phlebotomists, healthcare workers responsible for drawing blood.

"Iggbo rewards the best phlebotomists in the business for quality delivery and professionalism with higher earning potential as an independent contractor," said Nuno Valentine, co-founder and CEO. "While working as your own boss provides freedom and flexibility, there are responsibilities as an independent contractor that come with that freedom. Iggbo has created a support system — ranging from legal assistance to tax tools — that can help our contractors grow their career as an independent phlebotomist." 

The partnership with Painless1099, a service for helping independent contractors and freelancers save for tax season, is an example of the suite of resources offered by Iggbo to support its network of over 7,000 phlebotomists. By providing a support system, Iggbo helps healthcare professionals working as independent contractors get back to what they know and love – helping patients.

"Expenses, deductions, exemptions, quarterlies, penalties are a headache to learn and even harder to apply," says ACe Callwood, CEO of Painless1099. "That's where we come in, Painless1099 can help phlebotomists automate the process of planning and saving for taxes." Painless1099 is designed to help freelancers calculate how much they need to save for self-employment taxes each time they get paid. Phlebotomists who sign up for Painless1099 receive a FDIC insured "smart" savings account that automatically separates taxes from deposits of 1099 income and then puts what's safe to spend right into their personal checking account.

"Working as a self-employed professional is new to many phlebotomists," said Callwood. "Iggbo and Painless1099 understand this and have created a highly specialized way of supporting those in the Iggbo network."

Iggbo has also formed relationships with LegalZoom, QuickBooks, Turbo Tax, KindHealth, BD and Labsco as a way to support its growing network of phlebotomists.

About Iggbo

Iggbo brings personalized medicine to everyone. Operating in over 120 US cities, with a workforce of over 7,000 blood draw professionals, Iggbo's on-demand platform benefits every vertical of healthcare—from health systems to specialty labs to tele-medicine to mobile diagnostics. With smartphone technology, Iggbo closes the last mile to the patient and reinvents healthcare's service delivery model. Iggbo's phlebotomists perform fixed and on-demand draws anywhere, anytime. Physicians and nurses can order lab tests with the push of a button, patient compliance improves to 97%, and every sample is monitored, tracked, and connected digitally. For more, visit www.iggbo.com.

About Painless1099

Painless1099 helps independent contractors set cash aside for tax season. Painless users sign up to receive an FDIC insured "smart" savings account that automatically separates taxes from deposits of 1099 income. As a pass-through account, Painless1099 keeps just enough in the user's "withholding account" for taxes and automatically sends the remaining cash to their personal checking account. (It's essentially W2 withholding for freelancers, who wouldn't have it otherwise.) This allows these users to focus more time on working, getting paid, and spending money knowing that Painless1099 simplifies the process of saving and helps avoid an emergency during tax season. Learn more at painless1099.com.

SOURCE Iggbo