CON Faculty Practice Fund: Difference between revisions

 
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===Funding Allocation and Accrual===
===Funding Allocation and Accrual===
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     <li style="margin-bottom:15px;">Eligible faculty practitioners are eligible for $ 1,500 every year to support the dissemination of practice-based scholarship.</li>
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     <li style="margin-bottom:15px;">Eligible faculty practitioners are also eligible for an additional $ 1,500 over 3 years for professional development support. </li>
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===Ownership and Separation of Funds===
===Ownership and Separation of Funds===
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     <li style="margin-bottom:15px;">Faculty Practice Fund monies are owned by the MCNP, not the individual faculty member. </li>
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     <li style="margin-bottom:15px;">Faculty Practice Fund monies:
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              <li style="margin-bottom:15px;">May not be withdrawn as cash </li>
              <li style="margin-bottom:15px;">May not be paid out upon resignation, retirement, or separation from the CON </li>
        </ul>         
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     <li style="margin-bottom:15px;">If a faculty member leaves the CON, discontinues practice through MCNP, or changes their practice allocation such that they are no longer eligible, any unused Faculty Practice Fund balance remains with the MCNP for continued support of active faculty practitioners. </li>
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===Allowable Uses of Funds===
===Allowable Uses of Funds===
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<p style="margin-bottom:15px;max-width:70em !important;">Fund prioritization will focus on practice-based scholarship, innovation, and outreach. </p>
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<p style="margin-bottom:15px;max-width:70em !important;">Faculty Practice Fund monies may be used to support activities that advance practice-connected scholarship, innovation, and community or clinical outreach, provided they are directly related to the faculty member’s practice role through MCNP. Examples include: </p>
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     <li style="margin-bottom:15px;">Practice-based research dissemination (e.g., open-access fees, poster printing, abstract submission fees) </li>
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     <li style="margin-bottom:15px;">Development of clinical innovations, protocols, toolkits, or pilot initiatives arising from faculty practice </li>
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     <li style="margin-bottom:15px;">Educational or practice-focused scholarly products that originate from clinical practice </li>
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<p style="margin-bottom:15px;max-width:70em !important;">Use of funds under this category must maintain a clear connection to faculty practice activities and align with CON and MCNP priorities. </p>
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<p style="margin-bottom:15px;max-width:70em !important;">Faculty Practice Fund monies may also be used to support professional development and continuing education expenses related to faculty practice, including but not limited to: </p>
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     <li style="margin-bottom:15px;">Professional certifications and renewal fees not already covered by the MCNP budget, but that support practice excellence. (BLS, ACLS, PALS, TNCC, WOC, etc...)
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              <li style="margin-bottom:15px;">MCNP directly supports licensure and certification costs that directly impact the faculty members’ authority to practice. (RN and APRN state licensure, National RN and APRN Certification, and licensure for prescriptive authority) </li>
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        </ul>
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    </li>
     <li style="margin-bottom:15px;">Other specialty certifications and certification maintenance </li>
     <li style="margin-bottom:15px;">Continuing education courses and programs </li>
     <li style="margin-bottom:15px;">Conference registration associated with practice scholarship dissemination or professional development </li>
     <li style="margin-bottom:15px;">Travel-related expenses associated with professional development (e.g., airfare, lodging, ground transportation) </li>
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===Payment and Reimbursement===
===Payment and Reimbursement===
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<p style="margin-bottom:15px;max-width:70em !important;">Expenses may be covered through either of the following methods: </p>
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     <li style="margin-bottom:15px;">Prepayment coordinated through the designated administrative assistant, or </li>
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     <li style="margin-bottom:15px;">Reimbursement following submission of appropriate documentation and proof of receipts, in accordance with university financial procedures. </li>
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===Administration and Oversight===
===Administration and Oversight===
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