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: December, 2008</td>
         <td width="40%">Originating Date: [[CON Clinical Revenue Distribution Plan version December 2008|December 2008]]</td>
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         <td width="60%">Responsible Reviewing Agency:<br /><div style="margin-left:3em; line-height:1.2;">Faculty Practice Committee<br />Executive Council</div></td>
         <td valign="top" width="60%">Responsible Reviewing Agency:<br /><div style="margin-left:3em; line-height:1.2;">Faculty Practice Committee<br />Executive Council</div></td>
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                 <td>&nbsp;</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>
<tr>
     <td width="50%">Faculty Member</td>
     <td width="50%">Faculty Member</td>
     <td width="50%">50%</td>
     <td width="50%">50%</td>
</tr>
<tr>
    <td width="50%">Faculty Practice Fund</td>
    <td width="50%">2.5%</td>
</tr>
</tr>
<tr>
<tr>
     <td width="50%">Dept/Div</td>
     <td width="50%">Dept/Div</td>
     <td width="50%">30%</td>
     <td width="50%">10%</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%">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>
<tr>
     <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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<br /><br />
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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 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 15:32, July 18, 2019

Home   Appendices                    


UNIVERSITY OF NEBRASKA MEDICAL CENTER
COLLEGE OF NURSING
Clinical Revenue Distribution Plan Subsection: Appendix T
Section - Appendices Originating Date: December 2008
Responsible Reviewing Agency:
Faculty Practice Committee
Executive Council
Revised: January 2015
Revised: March 2017
Revised: October 2018
Related documents:
 


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 (division assistant dean) to discuss faculty practice and determine workload calculation.
  2. Faculty member meets with TPP Administrator to discuss practice details and negotiate contract.
  3. Practice revenue distribution is based on revenue exceeding expenses.
  4. Income distribution formula:

    Faculty Member 50%
    Faculty Practice Fund 2.5%
    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%


  5. 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.
  6. Faculty Practice Additional Compensation Agreement form is completed and signed.