Incentives for Precepting

Most physicians and other health care professionals precept for the professional satisfaction. Many schools also offer their preceptors:

  • Academic faculty appointments
  • Access to information and library resources
  • Recognition events/programs
  • Access to continuing education

Preceptors can also benefit from the following:

Continuing Medical Education Credit

  • AAFP CME credit: Family physicians may report a maximum of 60 AAFP Prescribed credits for teaching health professions learners. Teaching is considered a live activity
  • NPs CE credit: For advanced practice nursing, a maximum of 120 Preceptor hours may be converted to CE credits for a maximum of 25 non-pharmacology CE credits
  • PAs CME credit: Preceptors can earn a total of 2 AAPA Category 1 CME credits per week for each PA student they precept. A maximum of 20 AAPA category 1 CME credits can be earned during a calendar year. A preceptor who earns the maximum AAPA category 1 CME credits available via precepting can now satisfy 80% of their Category 1 CME requirement. With the ability to claim additional time precepting as Category 2 CME, 90% of the 2-year NCCPA certification maintenance requirement can be satisfied via precepting
  • AOA CME credit: Physicians serving as GME faculty, GME core faculty or preceptors in any AOA-approved osteopathic or ACGME-accredited medical education program may be granted Category 1-B credit. Physicians serving as preceptors for any COCA-accredited college of osteopathic medicine may also be granted Category 1-B credit. A maximum of 20% of the required CME credits per three-year AOA CME cycle may be earned for this activity

American Board of Family Medicine Certification Credit

  • Up to 50% (75 hours per certification cycle) of the CME required for certification can be earned by teaching medical students and/or other physicians
  • Family physicians can earn ABFM performance improvement credit (MOC IV) by teaching medical students and/or residents and participating in a teaching performance improvement activity.

State Financial Incentives

  • Georgia: In 2019, amended their Preceptor Tax Incentive Program. It now offers an income tax credit for physicians, advanced practice registered nurses, or physician assistants who provide uncompensated preceptorship training to medical students, advanced practice registered nurse students, or physician assistant students. Credit is accrued on a per preceptorship rotation basis.
  • Colorado: In 2016, passed a bill that offers a $1,000 income tax credit to uncompensated rural health care professionals who precept.
  • Hawaii: In 2018, passed a bill that offers $1,000 to physicians, advanced practice registered nurses, and pharmacists for each clinical training rotation, up to a maximum of $5,000 per year.
  • Maryland: In 2017, passed a bill that offers a $1,000 income tax credit for physicians and nurse practitioners who work in certain areas of the State with a health care workforce shortage and provide preceptorship without compensation, up to maximum $10,000 per year.
  • Missouri: Offers a $1,000 income tax credit to community-based faculty for precepting medical
    students or physician assistants. The maximum credit is $3,000 per year.
  • Ohio: Eligible FQHCs cam earn up to an annual cap of $50,000 for precepting students.
  • South Carolina: Effective tax years 2020 through 2025, physicians, physician assistants, and advanced practice nurse practitioners who serve as preceptors for two or more clinical rotations and whose practice is 30% or more Medicaid insured, Medicare insured, or self-pay patients, qualify for tax credits. The amount varies.