Executive Director of Regulation/Deputy Chief Executive, NHS Improvement

Stephen Hay


Stephen was previously Managing Director of Provider Regulation at Monitor, the healthcare sector regulator whose responsibilities transferred to NHS Improvement on 1 April 2016, responsible for the monitoring, compliance and intervention regime for NHS foundation trusts. He joined Monitor in 2004.

A qualified chartered accountant, Stephen previously worked with KPMG, latterly as a director within the Transaction Services Department where he advised boards of corporate and private equity houses. His portfolio of financial experience is wide ranging and includes mergers and acquisitions, due diligence, initial public offerings and risk assessment.

Stephen was a non-executive director at the Department for Communities and Local Government from 2009 to 2015 where he also chaired the Audit and Risk Committee.

Executive Director of Regulation/Deputy Chief Executive, NHS Improvement

From 1 April 2016, NHS Improvement brings together Monitor, NHS Trust Development Authority, Patient Safety, the National Reporting and Learning System, the Advancing Change Team and the Intensive Support Teams.

NHS Improvement is responsible for overseeing foundation trusts and NHS trusts, as well as independent providers that provide NHS-funded care. It offers the support these providers need to give patients consistently safe, high quality, compassionate care within local health systems that are financially sustainable.

By holding providers to account and, where necessary, intervening, NHS Improvement will help the NHS to meet its short-term challenges and secure its future.

Previous roles in government

  1. Non-Executive Director

    • 2009 to 2015