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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%"><big>''' | <td width="60%"><big>'''Clinical Revenue Distribution Plan'''</big></td> | ||
<td width="40%"><big>Subsection: '''Appendix | <td width="40%"><big>Subsection: '''Appendix T'''</big></td> | ||
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<td width="60%">Section | <td width="60%">Section - Appendices</td> | ||
<td width="40%">Originating Date: | <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;"> | <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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<table width="100%" cellpadding="0" cellspacing="0"> | <table width="100%" cellpadding="0" cellspacing="0"> | ||
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<td>Revised: | <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: [[CON Clinical Revenue Distribution Plan version October 2018|October 2018]]<br />Revised: January 2022</td> | ||
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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> | ||
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<br /> | <br /> | ||
=== | ====Purpose:==== | ||
<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:==== | |||
<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:==== | |||
<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 (division assistant dean) to discuss faculty practice and determine workload calculation. </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>Income distribution formula:<br /><br /> | |||
<table style="max-width:67em !important;" width="100%" border="1" cellpadding="5" cellspacing="0"> | |||
<tr> | |||
<td width="50%">Faculty Member</td> | |||
<td width="50%">50%</td> | |||
</tr> | |||
<tr> | |||
<td width="50%">Faculty Practice Fund</td> | |||
<td width="50%">10%</td> | |||
</tr> | |||
<tr> | |||
<td width="50%">Dept/Div</td> | |||
<td width="50%">10%</td> | |||
</tr> | |||
<tr> | |||
<td width="50%">Morehead Center for Nsg. Practice</td> | |||
<td width="50%">25%</td> | |||
</tr> | |||
<tr> | |||
<td width="50%">Dean’s Office</td> | |||
<td width="50%">5%</td> | |||
</tr> | |||
<tr> | |||
<td style="background-color:#cccccc;" colspan="2">EXCEPTION: During the nonacademic year, 9 month faculty distribution</td> | |||
</tr> | |||
<tr> | |||
<td width="50%">Faculty Member</td> | |||
<td width="50%">85%</td> | |||
</tr> | |||
<tr> | |||
<td width="50%">Morehead Center for Nsg. Practice </td> | |||
<td width="50%">15%</td> | |||
</tr> | |||
</table> | |||
<br /> | |||
</li> | |||
<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. | |||
</li> | |||
<li>Faculty Practice [[Media:Appendix_T_Practice_Signature_Page_Fillable.pdf|Additional Compensation Agreement form]] is completed and signed.</li> | |||
</ol> | |||