Section 414.1215 - Performance and payment adjustment periods for the value-based payment modifier(a) The performance period is calendar year 2013 for value-based payment modifier adjustments made in the calendar year 2015 payment adjustment period.(b) The performance period is calendar year 2014 for value-based payment modifier adjustments made in the calendar year 2016 payment adjustment period.(c) The performance period is calendar year 2015 for value-based payment modifier adjustments made in the calendar year 2017 payment adjustment period.(d) The performance period is calendar year 2016 for value-based payment modifier adjustments made in the calendar year 2018 payment adjustment period. 77 FR 69368 , Nov. 16, 2012, as amended at 78 FR 74820 , Dec. 10, 2013; 80 FR 71383 , Nov. 16, 2015