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This quick tip episode of the Private Practice Survival Guide breaks down the crucial difference between Forecasting and Projections in private practice financial planning. Forecasting relies on historical data, trends, and KPIs to stabilize operations—helping practices anticipate revenue cycles, manage cash flow, and set realistic budgets for staffing and resources. Projections, on the other hand, fuel innovation by modeling “what-if” growth scenarios such as adding new services, expanding locations, or adjusting payer contracts. Brandon shares practical examples of using forecasts to prepare for seasonal revenue shifts and projections to stress-test strategic moves, while also addressing common pitfalls like over-optimism and ignoring anomalies. The key takeaway: balance both tools to stay financially grounded yet growth-focused, enabling your practice to remain agile, profitable, and future-ready.

Welcome to Private Practice Survival Guide Podcast hosted by Brandon Seigel! Brandon Seigel, President of Wellness Works Management Partners, is an internationally known private practice consultant with over fifteen years of executive leadership experience. Seigel's book "The Private Practice Survival Guide" takes private practice entrepreneurs on a journey to unlocking key strategies for surviving―and thriving―in today’s business environment. Now Brandon Seigel goes beyond the book and brings the same great tips, tricks, and anecdotes to improve your private practice in this companion podcast.
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Podcast Website: https://www.privatepracticesurvivalguide.com/
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https://wellnessworksmedicalbilling.com/
Private Practice Survival Guide Book