Revenue projections are an estimate of how much money will be generated over the term defined by the budget.
- Estimate the number of lab tests or procedures for which your institution plans to charge. This number may be based on historical data.
- Calculate the projected income. Multiply the number by the amount charged. This number may be difficult to gauge when looking at different reimbursements set up by Medicare, Medicaid, or private insurance companies.
Projected Income minus Projected Expenses or Costs = Revenue projection
