CON Clinical Revenue Distribution Plan: Difference between revisions

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                 <td>Revised: January 2015</td>
                 <td>Revised: [[CON Clinical Revenue Distribution Plan version January 2015|January 2015]]<br />Revised: March 2017</td>
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Revision as of 10:41, March 19, 2018

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


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 Business Manager of MCNP to discuss practice details and negotiate contract.
  3. Practice revenue distribution is based on revenue exceeding expenses.
  4. Quarterly revenue distribution formula:

    Faculty Member 50%
    Dept/Div 30%
    Morehead Center for Nsg. Practice 15%
    Dean’s Office 5%
    EXCEPTION: 9 month faculty summer/holiday time
    Faculty Member 85%
    Morehead Center for Nsg. Practice 15%


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