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 | <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> | <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%"> | <td width="50%">2.50%</td> | ||
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<td style="background-color:#cccccc;" colspan="2">EXCEPTION: 9 month faculty | <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%"> | <td width="50%">75%</td> | ||
</tr> | </tr> | ||
<tr> | <tr> | ||
<td width="50%">Morehead Center for Nsg. Practice </td> | <td width="50%">Morehead Center for Nsg. Practice </td> | ||
<td width="50%"> | <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 /> | <br /> | ||
</li> | </li> | ||
<li>Faculty member may | <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> | ||
</ol> | </ol> | ||
Revision as of 15:28, October 12, 2018
| Home | Appendices |
| UNIVERSITY OF NEBRASKA MEDICAL CENTER COLLEGE OF NURSING |
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| Clinical Revenue Distribution Plan | Subsection: Appendix T | |
| Section - Appendices | Originating Date: December 2008 | |
| Responsible Reviewing Agency: Faculty Practice Committee Executive Council |
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Purpose:
The purpose of the Clinical Revenue Distribution Plan is to support faculty who are providing direct clinical nursing services while advancing the mission of the College of Nursing (CON).
Administration:
Contracts for direct clinical nursing services that are negotiated as part of a faculty member’s workload are administered by the CON, typically by the Morehead Center for Nursing Practice (MCNP).
Procedure:
- 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.
- Faculty member meets with TPP Administrator to discuss practice details and negotiate contract.
- Practice revenue distribution is based on revenue exceeding expenses.
- Income distribution formula:
Faculty Member 50% Faculty Practice Fund 2.50% Dept/Div 10% Morehead Center for Nsg. Practice 20% Dean’s Office 5% Fringe Benefit Cost Pool 12.5% EXCEPTION: During the nonacademic year, 9 month faculty distribution Faculty Member 75% Morehead Center for Nsg. Practice 6.25% Fringe Benefit Cost Pool 18.75%
- 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.
- Faculty Practice Additional Compensation Agreement form is completed and signed.