; (ii) hospitals or health systems in a regional area; and (iii) applicable non-hospital community-based care settings. (B) A governance structure that includes one or more applicable schools of nursing in the leadership and an oversight process that is developed and approved by the hospital, participating applicable schools of nursing, and other hub partners, in accordance with requirements established by the Secretary. (C) A process for timely reimbursement of eligible partners for the costs of such qualified clinical education that are attributable to such partner. (D) An adequate system for coordination of clinical education sites and preceptors. (E) A process for taking into consideration local, State, and regional workforce needs to facilitate innovation and value-based delivery of health care. (c) Payments (1) Per-student rate The amount of payment under this section to an eligible hospital shall for each year of the program shall be equal to the applicable per-student rate (as defined in paragraph (2)) multiplied by the total number of advanced practice registered nurses receiving qualified clinical education through the eligible hospital under the program. (2) Applicable per-student rate The applicable per-student rate, with respect to an eligible hospital, is— (A) for the first year of the program, a per-student rate determined by the Secretary based on data from the Graduate Nurse Education Demonstration established under section 5509 of the Patient Protection and Affordable Care Act ( Public Law 111–148 ), increased or decreased by the percentage change in the consumer price index for all urban consumers (all items; United States city average) from the last year of the Graduate Nurse Education Demonstration established under section 5509 for which such data is available to the June preceding such first year of the program under this section