CON Clinical Revenue Distribution Plan: Difference between revisions

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                 <td>Revised: [[CON Clinical Revenue Distribution Plan version January 2015|January 2015]]<br />Revised: March 2017</td>
                 <td>Revised: [[CON Clinical Revenue Distribution Plan version January 2015|January 2015]]<br />Revised: [[CON Clinical Revenue Distribution Plan version March 2017|March 2017]]<br />Revised: October 2018</td>
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<li>Upon initial employment, during annual evaluation, or whenever contemplating a new practice opportunity, faculty member meets with supervisor (division assistant dean) to discuss faculty practice and determine workload calculation. </li>
<li>Upon initial employment, during annual evaluation, or whenever contemplating a new practice opportunity, faculty member meets with supervisor (division assistant dean) to discuss faculty practice and determine workload calculation. </li>
<li>Faculty member meets with Business Manager of MCNP to discuss practice details and negotiate contract. </li>
<li>Faculty member meets with TPP Administrator to discuss practice details and negotiate contract. </li>
<li>Practice revenue distribution is based on revenue exceeding expenses.</li>
<li>Practice revenue distribution is based on revenue exceeding expenses.</li>
<li>Quarterly revenue distribution formula:<br /><br />
<li>Income distribution formula:<br /><br />
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     <td width="50%">Faculty Practice Fund</td>
     <td width="50%">Faculty Practice Fund</td>
     <td width="50%">15%</td>
     <td width="50%">2.50%</td>
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     <td style="background-color:#cccccc;" colspan="2">EXCEPTION: 9 month faculty summer/holiday time</td>
    <td width="50%">Fringe Benefit Cost Pool</td>
    <td width="50%">12.5%</td>
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     <td style="background-color:#cccccc;" colspan="2">EXCEPTION: During the nonacademic year, 9 month faculty distribution</td>
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     <td width="50%">Faculty Member</td>
     <td width="50%">Faculty Member</td>
     <td width="50%">85%</td>
     <td width="50%">75%</td>
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     <td width="50%">Morehead Center for Nsg. Practice </td>
     <td width="50%">Morehead Center for Nsg. Practice </td>
     <td width="50%">15%</td>
     <td width="50%">6.25%</td>
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    <td width="50%">Fringe Benefit Cost Pool</td>
    <td width="50%">18.75%</td>
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<br />
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</li>
</li>
<li>Faculty member may annually designate all or a portion of practice plan revenue
<li>Faculty member may quarterly designate all or a portion of practice plan income
to be placed in a professional development account for the faculty’s use.
to be placed in a professional development account for the faculty’s use.
</li>
</li>
<li>Faculty Practice [[Media:Appendix_T_Practice_Signature_Page_Fillable.pdf|Additional Compensation Agreement form]] is completed and signed.</li>
<li>Faculty Practice [[Media:Appendix_T_Practice_Signature_Page_Fillable.pdf|Additional Compensation Agreement form]] is completed and signed.</li>
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