Guide on Transitioning from Portrait Legacy to Portrait Launch

Overview

Based on the extensive feedback from providers about wanting more autonomy and flexibility across all aspects of their practice including pricing, treatments offered, inventory purchased, building direct relationships with their pharmaceutical representatives, and more, Portrait has introduced a new offering, Portrait Launch, to provide this flexibility.

Portrait Launch is a do-it-yourself approach in which you manage all aspects of cash flows, medical director relationship, marketing, and other aspects of your business and work with Portrait as a Management Services Organization that enables you to increase the efficiency and growth of the business side of your MedSpa (no additional JIAs, amendments, or anything else will need to be signed in the future except under very unique circumstances).

You can order whatever products you desire, that is completely at your discretion as the business owner. If we do not have an account with that supplier, we can work on setting up an account. 

Perhaps more excitingly, there is a much stronger alignment of interests between Portrait and all of its clients in either model. There are no price floors. Providers have full control over their pricing and all other aspects of their business, they are able to leverage Portrait to significantly improve the profitability of their businesses, and they have the potential to earn more money if they operate with fiscal responsibility.

Earnings Calculations

To calculate your potential earnings under the new models, you simply need to look at the cash inflows and outflows of your business on a monthly basis. For the vast majority of businesses, this is a relatively simple exercise.