Why Precept a Student?
Students are typically energetic, highly motivated adult learners. Many preceptors get great satisfaction from passing on their knowledge and watching students grow and learn. PA students can also help educate other providers and patients about PAs and the PA profession. Precepting can also be a great recruiting tool. It is an excellent way to try out a potential new employee and see if a PA, or that particular
PA student, is a good fit for your practice. Precepting students is recognized as a “practice improvement activity” under the Merit-Based Incentive Payment System for certain Medicare Part B providers.
Become a Preceptor and Receive Tax Credits
Georgia Preceptor Tax Incentive Program (PTIP) offers preceptors up to $8,500 per year in tax credits
Georgia needs more clinicians, and universities with nurse practitioner programs like Brenau need capable and experienced preceptors to prepare our students to treat patients after graduation.
Universities and clinicians understand the importance of experienced clinicians guiding and mentoring students. And, on April 25, 2019, Georgia Gov. Brian Kemp signed into law the Preceptor Tax Incentive Program. This legislation gives physicians, advanced practice registered nurses and physician assistants the ability to register to become preceptors and receive tax credits — a direct reduction in income tax owed — for up to 10 clinical rotations per calendar year.
New Georgia Preceptor Tax Incentive Program
Physicians will receive a $500 credit for each of the first 3 rotations, and $1000 for each of the 4th to 10th rotations. An APRN or PA preceptor would earn $375 for each of the first 3 rotations, and $750 for each of the 4th to 10th rotations.
The maximum tax credit a physician can claim is $8,500 per year, and $6,375 for an APRN/PA preceptor. There is no minimum number of rotations preceptors must complete to become eligible for a tax credit.
Who Can Become a Preceptor?
- Register with the Georgia Statewide Area Health Education Centers administered by Augusta University
- Be a licensed and practicing Georgia physician, advanced practice registered nurse or physician assistant
- Not currently receiving direct compensation for teaching medical, osteopathic, APRN or PA students
What Counts as a Clinical Rotation?
- As defined by PTIP, clinical rotations consist of live, in-state supervision of a student NP enrolled in an eligible private or public training program (including Brenau’s program)
- Each clinical rotation is counted as 160 hours of clock time. Preceptors can accrue hours across multiple student supervisees at multiple sites
- Clinical rotation hours must be reported by the school the nurse practitioner is attending for the preceptor to claim the tax credit
How Do I Get Started?
Eligible preceptor candidates must register with Georgia Statewide AHEC. You only need to register once. Online registration is available through August University.
Once registered, contact Shannon Parris Director of Clinical Placement and Credentialing, at sparris@brenau.edu.