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Financing Academic Departments of Psychiatry

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Abstract

Objective

The authors describe the many financial challenges facing academic departments of psychiatry and the resulting opportunities that may arise.

Method

The authors review the history of financial challenges, the current economic situation, and what may lie ahead for academic departments of psychiatry.

Results

The current environment has many risks and opportunities for departments of psychiatry. Successful departments will be those that assess their particular strengths and limitations and explore their options for funding.

Conclusion

Departments of psychiatry should have multiple funding streams and take advantage of opportunities in their local or regional service area.

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Author information

Authors and Affiliations

  1. Department of Psychiatry, Baystate Medical Center, 759 Chestnut St., Springfield, MA, 01199

    Benjamin Liptzin M.D.

  2. Tufts University School of Medicine, Springfield, MA

    Benjamin Liptzin M.D.

  3. Best Practice Project Management, Inc., Bethesda, MD

    Roger E. Meyer M.D.

Authors
  1. Benjamin Liptzin M.D.
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  2. Roger E. Meyer M.D.
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Correspondence to Benjamin Liptzin M.D..

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Liptzin, B., Meyer, R.E. Financing Academic Departments of Psychiatry. Acad Psychiatry 35, 96–100 (2011). https://doi.org/10.1176/appi.ap.35.2.96

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  • DOI: https://doi.org/10.1176/appi.ap.35.2.96

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