CON Clinical Revenue Distribution Plan: Difference between revisions
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<td>Revised: January 2015</td> | <td>Revised: [[CON Clinical Revenue Distribution Plan version January 2015|January 2015]]<br />Revised: March 2017</td> | ||
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<td width="50%">Faculty Member</td> | <td width="50%">Faculty Member</td> | ||
<td width="50%">50%</td> | <td width="50%">50%</td> | ||
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<td width="50%">Faculty Practice Fund</td> | |||
<td width="50%">15%</td> | |||
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<td width="50%">Dept/Div</td> | <td width="50%">Dept/Div</td> | ||
<td width="50%"> | <td width="50%">10%</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%"> | <td width="50%">20%</td> | ||
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Revision as of 09:43, March 19, 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 Business Manager of MCNP to discuss practice details and negotiate contract.
- Practice revenue distribution is based on revenue exceeding expenses.
- Quarterly revenue distribution formula:
Faculty Member 50% Faculty Practice Fund 15% Dept/Div 10% Morehead Center for Nsg. Practice 20% Dean’s Office 5% EXCEPTION: 9 month faculty summer/holiday time Faculty Member 85% Morehead Center for Nsg. Practice 15%
- 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.
- Faculty Practice Additional Compensation Agreement form is completed and signed.