CON Clinical Revenue Distribution Plan

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Appendices

UNIVERSITY OF NEBRASKA MEDICAL CENTER COLLEGE OF NURSING
Clinical Revenue Distribution Plan	Subsection: Appendix T
Section - Information	Originating Date: December, 2008
Responsible Reviewing Agency: Faculty Practice Committee Executive Council	Revised: January, 2015

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:

1. Upon initial employment, during annual evaluation, or whenever contemplating a new practice opportunity, faculty member meets with supervisor (department chair or division dean) to discuss faculty practice and determine workload calculation.
2. Faculty member meets with Business Manager of MCNP to discuss practice details and negotiate contract.
3. Practice revenue distribution is based on revenue exceeding expenses.
4. Quarterly revenue distribution formula:
   
   

   Faculty Member	50%
   Dept/Div	30%
   Morehead Center for Nsg. Practice	15%
   Dean’s Office	5%
   EXCEPTION: 9 month faculty summer/holiday time
   Faculty Member	85%
   Morehead Center for Nsg. Practice	15%

   
   

5. Faculty member may annually designate all or a portion of practice plan revenue to be placed in a professional development account for the faculty’s use.
6. Faculty Practice Additional Compensation Agreement form is completed and signed.