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CON Clinical Revenue Distribution Plan: Difference between revisions
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CON Clinical Revenue Distribution Plan (view source)
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<td width="60%">Section - | <td width="60%">Section - Appendices</td> | ||
<td width="40%">Originating Date: [[CON Clinical Revenue Distribution Plan version December 2008|December | <td width="40%">Originating Date: [[CON Clinical Revenue Distribution Plan version December 2008|December 2008]]</td> | ||
</tr> | </tr> | ||
<tr> | <tr> | ||
<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> | ||
<td valign="top | <td valign="top" width="40%"> | ||
<table width="100%" cellpadding="0" cellspacing="0"> | <table width="100%" cellpadding="0" cellspacing="0"> | ||
<tr> | <tr> | ||
<td>Revised: January | <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> | ||
</tr> | </tr> | ||
</table> | </table> | ||
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<td valign="top">< | <td colspan="2" valign="top">Related documents:<br /><div style="margin-left:3em; line-height:1.2;"> </div></td> | ||
</tr> | </tr> | ||
</table> | </table> | ||
<br /> | <br /> | ||
====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 ( | <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 | <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> | <li>Income distribution formula:<br /><br /> | ||
<table style="max-width: | <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%"> | <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%"> | <td width="50%">20%</td> | ||
</tr> | </tr> | ||
<tr> | <tr> | ||
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<td style="background-color:#cccccc;" colspan="2">EXCEPTION: 9 month faculty | <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> | |||
</tr> | </tr> | ||
<tr> | <tr> | ||
<td width="50%">Faculty Member</td> | <td width="50%">Faculty Member</td> | ||
<td width="50%"> | <td width="50%">75%</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%"> | <td width="50%">6.25%</td> | ||
</tr> | |||
<tr> | |||
<td width="50%">Fringe Benefit Cost Pool</td> | |||
<td width="50%">18.75%</td> | |||
</tr> | </tr> | ||
</table> | </table> | ||
<br /> | <br /> | ||
</li> | </li> | ||
<li>Faculty member may | <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 | <li>Faculty Practice [[Media:Appendix_T_Practice_Signature_Page_Fillable.pdf|Additional Compensation Agreement form]] is completed and signed.</li> | ||
</ol> | </ol> | ||