How Much Does NPHub Pay Preceptors? A Comprehensive Guide to Becoming an NP Preceptor

Are you a nurse practitioner considering becoming a preceptor? Wondering about the benefits, including compensation? Let's dive into what NPHub offers.

At NPHub, we're passionate about connecting NP students with experienced preceptors for their clinical rotations. However, while our blog has resources for nurse practitioner students, we haven't adequately addressed potential preceptors' questions and concerns. It's time to change that!

This comprehensive guide will answer your most pressing questions, including "How much does NPHub pay preceptors?" We'll also explore the many benefits of joining our preceptor network, from supporting the next generation of NPs to enhancing your own practice.

Whether you're actively considering becoming a preceptor or it's just crossed your mind, this guide will provide valuable insights into the NPHub process. We'll cover everything from compensation and paperwork to the support we offer throughout your precepting journey.

The sections include:

1. Compensation (the issue of payment)
2. What we want you to consider about compensation
3. Compensation (How it works)
4. Compensation methods
5. Referrals and bonuses
6. The NPHub platform
7. What happens when I get a student request?
8. Your preceptor profile
9. Paperwork
10. Our support network

Compensation (the issue of payment)

The question of whether preceptors should be paid is a hot topic in the NP community. At NPHub, we believe that NP preceptors are among the most underappreciated and overworked professionals in the clinical setting. That's why we've taken steps to address this issue.

We offer compensation in the form of an honorarium. But what exactly is an honorarium? It's essentially a payment given as a token of appreciation for services rendered rather than a salary or fee. This distinction is crucial to understand.

The debate around preceptor payment often centers on concerns about commercializing the role. Some argue that "Giving preceptors money for their services introduces economics to a field where healthcare and education should be the sole focus."

For many, the idea of monetary compensation ironically seems to devalue the profession.

However, at NPHub, we see it differently. We believe that it is essential to recognize the time, effort, and expertise preceptors invest in training nurse practitioner students.

It's important to note that while we offer compensation, many preceptors choose to work with us for reasons beyond payment. These include the opportunity to give back to the profession, stay current with the latest practices, and contribute to the education of future colleagues.

What we want you to consider as a potential NPHub preceptor

Teachers across the US receive compensation for their work. Similarly, preceptors for medical doctors (MDs) and physician assistants (PAs) often receive honorariums. As an NP preceptor, your expertise and time are equally valuable.

However, we understand that some preceptors feel uncomfortable receiving payment for their mentorship. We respect this perspective 100%. Our goal in offering compensation isn't to commercialize the precepting process but to recognize your commitment and your critical role in shaping future nurse practitioners.

Consider this: Most preceptors, like you, are already dedicating their time and energy to teaching NP students, often without financial recognition. You're driven by passion, not money. The honorarium we offer is simply an additional way to show our appreciation for your invaluable contribution to the profession.

While we strive to keep our compensation competitive, you'll find that it's not the primary reason preceptors choose to work with NPHub. Many join our network for the opportunity to impact the next generation of NPs, stay current with evolving practices, and connect with motivated students.

If you're uncomfortable with the idea of being paid to precept, remember that you have options. Some preceptors choose to donate their honorarium or use it to support their students' learning experiences. We fully support and admire such choices.

At NPHub, we believe in transparency and open dialogue. Whether you agree with our approach to preceptor compensation or have a different perspective, we want to hear from you. Your insights help us continually improve our support for both preceptors and NP students.

How much does NPHub pay preceptors?

Compensation (How it works)

While we don't publicly disclose specific amounts, it's natural to wonder, "How much does NPHub pay preceptors?" What's more important than the exact figure is understanding our unique, fair compensation process.

At NPHub, we've developed a payment structure that we believe better serves our preceptors compared to other clinical placement services. Here's how it works:

1. Student-Based Compensation: Your honorarium is calculated based on the number of nurse practitioner students you precept.
2. Hours-Taught Model: We factor in the number of clinical hours you dedicate to teaching each NP student.
3. Incremental Payments: As you take on more students and complete more precepting hours, your compensation adjusts accordingly. Each clinical rotation potentially brings a different payment, reflecting your increased involvement.

This system differs from some competitors who might offer a flat monthly or bi-weekly honorarium regardless of your actual precepting load. We believe our method more accurately reflects and rewards your time and effort.

It's also important to understand our payment methods:

1. Timely Payments: You'll receive your honorarium within six weeks of an NP student starting their clinical rotation.
2. Flexible Options: We offer both traditional checks and direct deposits, catering to your preference.
3. Easy Setup: When you join our network, simply let us know your preferred payment method.

But there's more to our compensation than just precepting payments:

• Referral Bonuses: Earn $100-$150 for each new preceptor who joins using your unique referral code.
• Volume Incentives: We offer special compensation adjustments for preceptors who take on multiple NP students over time.

Our goal is to create a transparent, fair system that acknowledges the varying levels of time and energy preceptors invest. Whether you're able to precept one student per semester or multiple students across different clinical rotations, our payment structure is designed to reflect your individual contribution.

The NPHub Platform (our beloved app)

Now that we have covered compensation and bonuses, it's time to discuss the actual signing-up process.

We could argue that the main point of difference between NPHub and other preceptor-matching services is our website. If it's not good, you're not doing it right.

Through the years we've identified that our competitors tend to do one or more of these things:

1. Have a prior interview process for the students (which takes more time).
2. Have a system where preceptors have to manually send the offers to students (not necessarily ideal).
3. They don't really explain the process.

Our solution to these issues lies directly in the structure of our website. We have made it extremely intuitive and interactive, to the point of referring to it as an app.

It's not just a big info dump, it's a place where you can actually get things done as a preceptor.

Creating an account takes about two minutes. Other websites will give you these long, extended forms that almost seem like homework.

When you sign up as a preceptor, you get immediate access to the list of students, which includes key details about them that help you decide whether or not they might be a good fit for you.

This helps us eliminate issue #1.

On the other hand, you'll become available for students to request a preceptorship with you. The students are the ones who will send you requests that you can review at your leisure.

This solves issue #2. You'll have to do a lot less to connect with students, because they will more often than not find you first!

You'll also get to approve or reject their request easily after studying their profile. You can do that in a few clicks, and we'll take care of the rest.

Issue #3 is something that we deal with in the Support Network section. See below.

What happens when you get a student request?

You'll get a text and an email for you to approve the request or decline it.

All you have to do is say “yes” or “no.”

Is it a yes? Awesome. The process after that will only take a few minutes. It's automatic, we'll take care of almost everything.

Is it a no? That's okay. No pressure. Nobody will bother you about it.

You can get the other details of this process in the Paperwork and Support Network sections of this guide.

Your preceptor profile

At NPHub, we've created a comprehensive digital profile for each preceptor, setting us apart in the clinical placement landscape:

1. Centralized Management: Unlike some competitors who offer limited online presence, your NPHub profile serves as a personal hub for all precepting activities.
2. Complete Control: Manage your personal information, documentation, clinical rotation details, licensing, and compensation all in one place.
3. Unique Preceptor Code: Share your personalized code with nurse practitioner students, allowing them to view your profile and availability.
4. Privacy Protection: We prioritize your privacy. Students can only find you using your preceptor code, not by searching your name.
5. Detailed Information: Go beyond just name, specialty, and contact details. Showcase your expertise and preferences to potential NP students.
6. Active Participation: Unlike static listings, your NPHub profile allows you to actively engage with student requests and manage your precepting schedule.

Your NPHub profile empowers you to take charge of your precepting experience. It's not just about being listed; it's about having a dynamic, secure platform that supports your role in shaping the next generation of nurse practitioners.

Paperwork

When you become a preceptor for nurse practitioner students, paperwork is inevitable. At NPHub, we've revolutionized this process with our motto: "We do it. You barely see it." Here's how we streamline paperwork for our preceptors:

1. Pre-Completed Forms: We handle the bulk of the paperwork for you. When documents reach you, they're already filled out.
2. Simple Approval Process: Your role is primarily to review and approve pre-completed forms.
3. E-Signature Option: Say goodbye to printers. We offer electronic signing for most documents.
4. Dedicated Paperwork Team: Our specially trained staff efficiently manages complex forms like W9s, ensuring accuracy and speed.
5. Time and Cost Savings: This approach saves time for preceptors, nurse practitioner students, and our team.
6. Contrast with Competitors: While some services send paperwork directly to preceptors, we take on this burden ourselves.

Our goal is to create a truly seamless experience, eliminating awkward transitions or interruptions in the precepting process. By handling the paperwork, we allow you to focus on what's most important: mentoring NP students during their clinical rotations.

This efficient system is part of our commitment to valuing your time and expertise as a preceptor. We understand that your primary focus should be on teaching and patient care, not administrative tasks.

Our support network (we have some great humans on our team!)

When you sign up, we want to make the process easy for you. We want to put the tech-savvy twist on it so you have a great online experience.

NPHub has programmers, social media support… We have what it takes for you to handle rotations on your smartphone, on your day off, while sipping on a glass of your favorite drink if that's what you want to.

Our primary team is made up of the same thing that our competitors offer. Direct, constant, and personal communication between you and NPHub. For this, we have our Preceptor Success Team that will guide you for all things NPHub. They are trained to handle situations that might arise during the rotation. They also answer your questions, find solutions, etcetera.

Before you sign up, you will talk to our Preceptor Recruiters, who will set everything up the way you'd prefer it to be set up. You might get some friendly sales emails from us, but we can guarantee you this: The moment you need to talk to a real person, you'll never have to wait much.

That's why NPHub works. Don't have a smartphone? No time to create a profile? Don't know how to do that? It doesn't matter. We'll even do that for you. On one hand there's technology, and on the other there's people. We can't do one without the other.

Why we're doing this huge blog post

We always mention that our mission is simple: to bridge the gap between students and preceptors, and to help students find preceptors when all other options are spent.

Most of our students see NPHub as a last resort. We get that. In fact, we agree with that.

It shouldn't be this way. It really shouldn't. Universities should take accountability and help keep their students on the road to graduation with available preceptor options. But that's just not the reality right now.

This blog post is meant to be a resource for preceptors to understand why NPHub enhances the precepting experience, allowing them to maybe take on more students. Help more people.

We are always working to make the preceptor experience better.

A well-appreciated preceptor, who receives benefits from the extremely selfless work that they do, will be able to keep changing the world in a much better way.

That's our belief! What do you think?

Leave us your thoughts and questions on social media:

Facebook: https://www.facebook.com/NPHubOfficial/

Instagram: https://www.instagram.com/nphub_

You can also reach out to us via:

Email: coordinator@nphub.com

Phone: (678) 329-9029