Final answer:
The Centers for Medicare and Medicaid Services (CMS) is the most significant federal administrative agency in regulating nursing facilities and has the power to enforce and formulate rules and regulations governing the nursing home industry by controlling reimbursement for patient care.
Step-by-step explanation:
The federal administrative agency that is most significant in regulating nursing facilities and has the power to enforce and formulate rules and regulations governing the nursing home industry by controlling reimbursement for patient care is the Centers for Medicare and Medicaid Services (CMS).
The CMS is responsible for overseeing and ensuring compliance with federal regulations and standards for nursing homes participating in the Medicare and Medicaid programs. It sets the criteria for reimbursement, inspects facilities for compliance, and takes enforcement actions against those that fail to meet the required standards.
By regulating reimbursement for patient care, the CMS plays a crucial role in promoting quality of care and patient safety in the nursing home industry.