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: Approved PA programs may award 0.5 AAPA Category 1 CME credit for each two (2) weeks of clinical teaching. A maximum of 10 Category 1 CME credits may be awarded to any single preceptor in a given year.

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. https://stfm.org/abfmpitoolkit

State Financial Incentives

  • Georgia: In 2014, passed a bill that offers uncompensated community faculty physicians a tax deduction of $1,000 for every 160 hours of preceptorship provided, up to maximum $10,000 per year. https://www.augusta.edu/ahec/ptip/documents/ptip_brochure17.pdf
  • Colorado: In 2016, passed a bill that offers a $1,000 income tax credit to uncompensated rural health care professionals who precept. https://leg.colorado.gov/bills/hb16-1142
  • 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.
    https://legiscan.com/HI/text/SB2298/2018
  • 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. https://pophealth.health.maryland.gov/Pages/taxcredit.aspx
  • Ohio: Eligible FQHCs cam earn up to an annual cap of $50,000 for precepting students. ohiochc.org/opcwi