title: Financing academic departments of psychiatry.
abstract: OBJECTIVE
  The authors describe the many financial challenges facing academic departments of psychiatry and the resulting opportunities that may arise.
  
  
  METHODS
  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.
  
  
  CONCLUSIONS
  Departments of psychiatry should have multiple funding streams and take advantage of opportunities in their local or regional service area.
authors.affiliation: Baystate Medical Center, Department of Psychiatry, 759 Chestnut St., Springfield, MA 01199, USA. benjamin.liptzin@bhs.org
authors.forename: Benjamin
authors.initials: B
authors.lastname: Liptzin
authors.forename: Roger E
authors.initials: RE
authors.lastname: Meyer
mesh_terms: D035843:Biomedical Research / Q000191:economics; D002202:Capital Financing; D005544:Forecasting; D018166:Health Care Reform / Q000191:economics; D006801:Humans; D008605:Mental Health Services / Q000191:economics; D011570:Psychiatry / Q000191:economics* / Q000193:education; D012577:Schools, Medical / Q000191:economics*; D014481:United States