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What is AIM HI?

What is AIM HI?. “Align Interests and Maximize Healthy Incentives” CUMC/P&S revenue and expense allocation methodology All CUMC Schools participate, though details may differ within each School Department allocates to Divisions in a similar way. AIM HI Revenues. Research Support Allocations

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What is AIM HI?

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  1. What is AIM HI? • “Align Interests and Maximize Healthy Incentives” • CUMC/P&S revenue and expense allocation methodology • All CUMC Schools participate, though details may differ within each School • Department allocates to Divisions in a similar way

  2. AIM HI Revenues • Research Support Allocations • Equivalent to 65% of indirect cost recoveries generated through sponsored project activity (P&S retains 17.5%, Department retains 17.5%) • Education Support Allocations • Net tuition revenue distributed after central costs, based on teaching hours in major courses & clerkships • Dean’s Tenure Support • Equivalent to income on $2.5M endowment (~$100K/yr)

  3. AIM HI Expenses • Common cost assessments • Covers CU and CUMC central costs • 5.38% of all expenditures • 6.28% added for sponsored project expenditures (i.e., 11.66% on grants) • 18.69% added for clinical trial expenditures (i.e., 24.97% on clinical trials) • Employee Full time equivalent (FTE) assessment • Covers cost of CU and CUMC HR functions • $1,461 per employee as of October 2010

  4. AIM HI Expenses • Space costs • Covers common costs related to the operation, maintenance, lease, and construction of CUMC’s physical plant • $124.22 per square foot for wet laboratory space • $63.61 per square foot for office space (includes clinical space) • Clinical Assessment • “Dean’s Tax” calculated in spring of each year based on mix of cognitive and procedural codes and location of practice • 4.01% of patient care revenues • FPO Assessment • Covers part of the Faculty Practice Organization (ColumbiaDoctors) costs • 2.15% of patient care revenues

  5. AIM HI Stimulus Items • Reduced tax on incremental clinical revenues • Additional research support for Program Project or Center grants > $1M • Exemption of common cost allocation: • ARRA funded and S10 NIH instrumentation grants • NIH funded fellowship & training grants • EHR implementation related expenses

  6. Indirect Cost Recoveries • To cover CU and local costs of doing research that are not allowed on grants • Space: operations, maintenance, depreciation • Administration: general, departmental, research • Student services, Library • Multi-year rates set by Federal Government based on CU proposal • FY11 Rate = 61% • FY12 Rate = 60% • Clinical trials & non-government/industry sponsored research may have lower rate • ~33% for clinical trial, but could vary • 35% for industry sponsored, non-clinical trials, but could vary

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