CON Clinical Revenue Distribution Plan: Difference between revisions

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         <td width="60%">Section - Information</td>
         <td width="60%">Section - Appendices</td>
         <td width="40%">Originating Date: [[CON Clinical Revenue Distribution Plan version December 2008|December, 2008]]</td>
         <td width="40%">Originating Date: [[CON Clinical Revenue Distribution Plan version December 2008|December 2008]]</td>
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                 <td>Revised: January, 2015</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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     <td valign="top"><small>J:/RESOURCE MANUAL/Table of Contents College of Nursing Resource Manual</small></td>
     <td colspan="2" valign="top">Related documents:<br /><div style="margin-left:3em; line-height:1.2;">&nbsp;</div></td>
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====Purpose:====
====Purpose:====
<p style="margin-bottom:15px;">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).</p>
<p style="margin-bottom:15px; max-width:70em !important;">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).</p>


====Administration:====
====Administration:====
<p style="margin-bottom:15px;">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).</p>
<p style="margin-bottom:15px; max-width:70em !important;">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).</p>
====Procedure:====
====Procedure:====
<ol>
<ol style="max-width:67em !important;">
<li>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. </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 />
<table style="max-width:70em !important;" width="100%" border="1" cellpadding="5" cellspacing="0">
<table style="max-width:67em !important;" width="100%" border="1" cellpadding="5" cellspacing="0">
<tr>
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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%">2.5%</td>
</tr>
</tr>
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     <td width="50%">Dept/Div</td>
     <td width="50%">Dept/Div</td>
     <td width="50%">30%</td>
     <td width="50%">10%</td>
</tr>
</tr>
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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%">20%</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>
</tr>
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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>
</tr>
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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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</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 <span style="text-decoration:underline;">Additional Compensation Agreement</span> 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>