What does FPP mean in BRITISH MEDICINE

A Faculty Practice Plan (FPP) is an arrangement between faculty members and their employer. FPPs are unique to academic institutions, such as universities and colleges, and provide faculty members with a way to bring their outside clinical works into the academic setting.

Faculty and staff employed by the participating academic institution may participate in a Faculty Practice Plan.

A Faculty Practice Plan allows faculty members to offer professional services from within the university or college setting by utilizing resources from both the institution and outside suppliers. These arrangements can include billing for care provided, remitting payments for fees or services rendered, or even contract negotiations for contractual agreements.

The primary benefit of participating in a Faculty Practice Plan is that it can generate additional revenue for faculty through external clinical work while still being able to utilize resources from the university or college setting. Additionally, it can also help attract high-quality clinical professionals to join the faculty while allowing them time to pursue outside research activities without having to sacrifice quality patient care.

Although there are many benefits of participating in a Faculty Practice Plan, there are some potential drawbacks that should be taken into consideration before committing to such an arrangement. For instance, participating in a FPP may require more time management commitments as well as increased administrative responsibilities than typically required of other university employees. Furthermore, there could potentially be conflicts of interest if negotiating contracts with third-party organizations.