Collaborative Community Partnership for Development of a Nursing Building

2.50
Hdl Handle:
http://hdl.handle.net/10755/308464
Category:
Abstract
Type:
Presentation
Title:
Collaborative Community Partnership for Development of a Nursing Building
Author(s):
Bennett, Mary P.
Lead Author STTI Affiliation:
Kappa Theta
Author Details:
Mary P. Bennett, PhD, APRN, mary.bennett@wku.edu
Abstract:

Session presented on: Tuesday, November 19, 2013

Purpose:  To work together with our community partner to resolve space and funding issues that prohibits expansion of the WKU School of Nursing.

Methods: A Memorandum of Agreement was created to outline a new level of partnership between the Hospital and WKU. This MOA was approved by the Hospital Board and the WKU Board of Regents. A creative funding model built on the Responsibility-Centered Budgeting model was approved by the university provost to fund the project.

Results:  The community partner provided land, architect fees and issued a bond to build the facility. WKU agreed to lease for 80% of the building, which was designed with input from WKU nursing. This method allowed us to obtain a new facility for program expansion faster than obtaining state funding.   The university has agreed that all student tuition money from new program expansion (increased enrollment over our baseline numbers) will be placed in an account and used to pay for the lease and for new faculty and staff lines needed to support the program growth. We have hired 8 additional nursing faculty members and two staff members.  We have doubled the size of our BSN program from 40 to 80 students each semester, increased our RN-BSN program from 30 to 50 students each semester, and started the new DNP program with 20 students each fall. We have obtained needed salary enhancement for existing faculty lines and for the new faculty lines.

Conclusion: This model has thus far been a win-win solution for both WKU and our community partner hospital. Financial projections predict that this model will generate a significant profit by 2020. Profit from the program will be used to enhance nursing faculty salaries and maintain program equipment and to pay a university support fee of to 30% of the income from this model.

Keywords:
Nursing Facilities and labs; Community Partnerships; Creative Funding Model
Repository Posting Date:
19-Dec-2013
Date of Publication:
19-Dec-2013
Conference Date:
2013
Conference Name:
42nd Biennial Convention
Conference Host:
Sigma Theta Tau International, the Honor Society of Nursing
Conference Location:
Indianapolis, Indiana, USA
Description:
42nd Biennial Convention 2013 Theme: Give Back to Move Forward. Held at the JW Marriott

Full metadata record

DC FieldValue Language
dc.language.isoen_USen_GB
dc.type.categoryAbstracten_GB
dc.typePresentationen_GB
dc.titleCollaborative Community Partnership for Development of a Nursing Buildingen_GB
dc.contributor.authorBennett, Mary P.en_GB
dc.contributor.departmentKappa Thetaen_GB
dc.author.detailsMary P. Bennett, PhD, APRN, mary.bennett@wku.eduen_GB
dc.identifier.urihttp://hdl.handle.net/10755/308464-
dc.description.abstract<p>Session presented on: Tuesday, November 19, 2013</p>Purpose:  To work together with our community partner to resolve space and funding issues that prohibits expansion of the WKU School of Nursing. <p>Methods: A Memorandum of Agreement was created to outline a new level of partnership between the Hospital and WKU. This MOA was approved by the Hospital Board and the WKU Board of Regents. A creative funding model built on the Responsibility-Centered Budgeting model was approved by the university provost to fund the project. <p>Results:  The community partner provided land, architect fees and issued a bond to build the facility. WKU agreed to lease for 80% of the building, which was designed with input from WKU nursing. This method allowed us to obtain a new facility for program expansion faster than obtaining state funding.   The university has agreed that all student tuition money from new program expansion (increased enrollment over our baseline numbers) will be placed in an account and used to pay for the lease and for new faculty and staff lines needed to support the program growth. We have hired 8 additional nursing faculty members and two staff members.  We have doubled the size of our BSN program from 40 to 80 students each semester, increased our RN-BSN program from 30 to 50 students each semester, and started the new DNP program with 20 students each fall. We have obtained needed salary enhancement for existing faculty lines and for the new faculty lines. <p>Conclusion: This model has thus far been a win-win solution for both WKU and our community partner hospital. Financial projections predict that this model will generate a significant profit by 2020. Profit from the program will be used to enhance nursing faculty salaries and maintain program equipment and to pay a university support fee of to 30% of the income from this model.en_GB
dc.subjectNursing Facilities and labsen_GB
dc.subjectCommunity Partnershipsen_GB
dc.subjectCreative Funding Modelen_GB
dc.date.available2013-12-19T17:31:43Z-
dc.date.issued2013-12-19-
dc.date.accessioned2013-12-19T17:31:43Z-
dc.conference.date2013en_GB
dc.conference.name42nd Biennial Conventionen_GB
dc.conference.hostSigma Theta Tau International, the Honor Society of Nursingen_GB
dc.conference.locationIndianapolis, Indiana, USAen_GB
dc.description42nd Biennial Convention 2013 Theme: Give Back to Move Forward. Held at the JW Marriotten_GB
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