CON Clinical Revenue Distribution Plan: Difference between revisions

Line 64: Line 64:
<li>Faculty member meets with Business Manager of MCNP to discuss practice details and negotiate contract. </li>
<li>Faculty member meets with Business Manager of MCNP 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:</li>
<li>Quarterly revenue distribution formula:
<table>
<tr>
    <td width="50%">Faculty Member</td>
    <td width="50%">50%</td>
</tr>
<tr>
    <td width="50%">Dept/Div</td>
    <td width="50%">30%</td>
</tr>
<tr>
    <td width="50%">Morehead Center for Nsg. Practice</td>
    <td width="50%">15%</td>
</tr>
<tr>
    <td width="50%">Dean’s Office</td>
    <td width="50%">5%</td>
</tr>
<tr>
    <td colspan="2">EXCEPTION: 9 month faculty summer/holiday time</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>
</li>
<li>Faculty member may annually designate all or a portion of practice plan revenue
<li>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.
to be placed in a professional development account for the faculty’s use.