CON Clinical Revenue Distribution Plan version October 2018
|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
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).
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).
- 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.
- Faculty member meets with TPP Administrator to discuss practice details and negotiate contract.
- Practice revenue distribution is based on revenue exceeding expenses.
- 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%
- 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.
- Faculty Practice Additional Compensation Agreement form is completed and signed.