Joint Investment Agreements (JIAs)

Below are the various Joint Investment Agreements (JIAs) available to providers. JIAs are designed to enable practices who are building on Portrait to unlock more benefits, investments, and funding sources from Portrait as they grow. Note that certain JIAs are only available to providers on certain models, described below. Any JIA below that is filled out is subject to eligibility confirmed by Portrait - please submit a ticket if you have any questions.

JIA: 30-33% Revenue Earning Rate

https://eform.pandadoc.com/?eform=d6610d0a-d9f9-433a-a548-8943403dfa8e

Description: 

• This JIA allows Legacy Providers to earn between 30-33% on their monthly gross revenue for all medical services. 

Who’s Eligible: 

• PortraitLegacy providers who have an old Portrait Support Services Agreement. These are providers who are part of the historical Portrait Medical Groups. These providers have 25% revenue earnings and can be accelerated up to 33% revenue earnings with the JIA. 

Notes:

• PortraitLegacy providers who have a Master Services Agreement already have the option in their contract to accelerate up to 30% revenue earnings with written notice to accounting@portraitspa.com. This JIA enables them to increase that to 33%.
  
  

JIA: Discretionary/Marketing/Training Purchase

https://eform.pandadoc.com/?eform=6745c207-5162-4e9b-aba1-fb69cce3a9a3

Description: 

• This JIA allows Legacy and Luxe Providers to purchase or receive reimbursement for items related to training, CMEs, marketing, medical supplies and equipment, practice development activities and other discretionary purchases. For example, Pro-Nox device or Microneedling pen.

Who’s Eligible:

• All PortraitLegacy or PortraitLuxe providers who meet the criteria as established in the Portrait Joint Investments Program.

Notes:

• This covers any use of funds at the discretion of the provider that they are eligible for or receive exceptional approval from Portrait via support ticket. This only needs to be completed one-time – all future purchases are covered.
  
  

JIA: In-Office Assistant

https://eform.pandadoc.com/?eform=b08496bc-a3df-49d1-bbf2-ab5d1973f9cc

Description: 

• This JIA allows Legacy Providers to have an in-person office assistant for 24 hours a week. To qualify the Provider must generate more than $40,000 in revenue for two consecutive months. If the Provider falls below this threshold, Portrait will deduct $2,000 per month from the practice’s monthly revenue earnings.

Who’s Eligible:

• All PortraitLegacy providers who meet the criteria as established in the Portrait Joint Investments Program. The reason Luxe Providers do not have to sign a JIA is they are paying monthly for the service. 

Notes:

• To qualify the Provider must generate more than $40,000 in revenue for two consecutive months. If the Provider falls below this threshold, Portrait will deduct $2,000 per month from the practice's monthly revenue earnings. 
  
  

JIA: Marketing Autopilot

https://form.asana.com/?k=b-wuUlL0J5c3dqHf1GwaIA&d=304154677034457

Description: 

• This JIA allows all Legacy Providers to opt into the Marketing Autopilot program. 

Who’s Eligible: 

• All providers

Notes:

• All providers must complete the Asana form and commit to spending at least $1,000 per month for a 3 month period.
  
  

JIA: Medical Device Self-Pay

https://eform.pandadoc.com/?eform=58b7473d-b6ad-4035-8735-f8e411e716fa

Description: 

• This JIA allows all Legacy Providers to earn 70% of Gross Revenue on any device that they purchase completely on their own.

Who’s Eligible: 

• All PortraitLegacy providers

Notes:

• If provider is part of a Portrait-owned medical PC, authorization must be provided by the Portrait medical team prior to purchase and use.
  
  

JIA: Virtual PCC

https://eform.pandadoc.com/?eform=90215af2-a586-4f4a-a004-7385ec4cd7d4 

Description: 

• This JIA allows all Legacy Providers to receive a virtual remote Patient Care Coordinator (PCC) to provide remote administrative support during standard business hours.  

Who’s Eligible:

• All PortraitLegacy providers
  
  

JIA: Real Estate Financial Responsibility

https://eform.pandadoc.com/?eform=bc2535bf-2ff5-4dc8-8846-032f9492ed0f

Description: 

• This JIA means Portrait will maintain financial responsibility for the Providers location. 

Who’s Eligible:

• All PortraitLegacy providers are required to execute this agreement as part of their studio setup if they would like Portrait to cover all the finance costs.

Notes:

• The real estate JIA is necessary when setting up a new studio, adding an additional room and moving into a new location. The JIA covers any future moves, additions, or renewals and doesn’t need to be re-signed