The Impact of Workforce Shortages and Increased Operational Cost on The Research & Clinical Missions of Academic Institutions

Friday, April 28, 2023

3:45 PM – 5:15 PM ET

Location: Convention Center: 202 B

CE: Live CME: 1.50

Selected By: PCLT
Co-sponsored By: SPS

Chair(s)

FB

Frederick Barr, MD MBA

Executive Vice President & Chief Clinical and Academic Officer
Arkansas Childrens
Little Rock, Arkansas, United States

Disclosure(s):

Frederick E. Barr, MD MBA, Barr: No financial relationships to disclose

Session

Description: Two years after the start of the pandemic, workforce shortages, supply chain disruption, high inflation, and state budget deficits have increased operational costs at academic children’s hospitals. These increased expenses have not been met with increased revenue or clinical volume. The American Hospital Association projects >50% of all United States’ hospitals will end 2022 in deficit.

The effect on the clinical and research missions of academic institutions from this loss of income has not been fully explored. Also underestimated is the impact poor moral, “quiet quitting,” and burnout have on financial productivity in pediatric healthcare. Academic pediatricians must understand the nature of how the pandemic impacted hospital finances and identify opportunities to advocate on behalf of their academic work. This hot topic session will aim to educate pediatric clinicians and researchers about the financial crisis, the dollar-impact of associated effects such as provider moral and burn out and will aim to highlight the importance of advocating for more resources for pediatric care and research.

This symposium will feature five speakers who will discuss the following:

1) 0-5minutes: Introduction to current financial crisis facing U.S Hospitals—Abdallah Dalabih
2) 5-25minutes: Financial crisis effect on the clinical mission of large academic institutions—Derek Wheeler
3) 25-45minutes: Financial crisis effect on the academic mission of large academic institutions–Rick Barr
4) 45-60minutes: Financial crisis effect on the moral and burnout of providers in large academic institutions-Ndidiamaka L Musa
5) 60-70minutes: Avenues for Advocacy to Support the Mission of Children’s Hospitals-Shetal Shah
6) 70-90minutes: Q&A

Learning Objectives:

1) Understand the financial stress facing many hospitals in the U.S.
2) Describe the effect of the financial stress on the clinical mission and research mission of large academic pediatric institutions
3) Discuss the effect of the current crisis on the providers’ moral and burn-out.

Presentations:

3:45 PM – 4:05 PM ET

The effect of the financial crisis on the academic mission of large academic institutions
Speaker: Frederick E. Barr, MD MBA – Arkansas Childrens
4:05 PM – 4:25 PM ET

The effect of the financial crisis on the clinical mission of large academic institutions
Speaker: James D. Fortenberry, MD – Children's Healthcare of Atlanta
4:25 PM – 4:35 PM ET

Avenues for Advocacy to Support the Mission of Children's Hospitals
Speaker: Shetal Shah, MD FAAP (he/him/his) – Maria Fareri Children's Hospital, New York Medical College
4:35 PM – 4:50 PM ET

The effect of the financial crisis on the moral and burnout of providers in large academic institutions
Speaker: Harris P. Baden, MD (he/him/his) – Seattle Children's