Setul G. Patel, MD, MBA

Founder, Managing Partner

Dr. Setul Patel is an experienced healthcare and business executive bringing over twenty years of experience to healthcare services. Setul bridges experiences of healthcare administration, clinical emergency medicine, field EMS, and business leadership in a purpose driven and vision focused environment.  He founded FormulaMed in 2013 as a healthcare consulting firm and today has focused its purpose on helping clients navigate the post COVID-19 workforce reintroduction process.

Setul has always maintained his clinical practice as cornerstone to his administrative duties, and currently practices emergency medicine on the Navajo Nation in Northern Arizona.  He has also held senior management positions at Acute Medical Services and Neighbors Health where he served as President & CEO for over eight years.  In 2014, Setul also founded Girish Capital to assist with capital and venture needs of young entrepreneurs and healthcare startups, leveraging his ability to successfully scale businesses.

Setul attended the University of Virginia for both undergraduate and graduate studies. After obtaining a degree in biochemistry, he started his career as an emergency room physician graduating from the University of Virginia Medical School and completing specialty training at Christiana Care Health System in Newark, Delaware, where he was also Chief Resident. In 2008, Setul obtained his MBA from the University of Tennessee graduating Phi Kappa Phi and started his administrative career. Throughout his career, Setul has brought transformational change to the organizations he has led, and believes true success comes from empowering the culture of an organization to drive best practices and innovation. In 2015, Setul was award the prestigious Ernst & Young Entrepreneur of the Year award for the Gulf Coast region and went on to be a national finalist. In 2016, he was a finalist for the Houston Business Journal’s CEO of the year award. Numerous other company recognitions have been awarded to the organizations he has led, including Top Workplaces and Top Culture through Entrepreneur Magazine.

Together with his wife Sejal and their two sons, they call Houston home since 2006. Setul enjoys spending time with his family, travel, photography, and a good single malt. He is also a YPO Texas Gulf Coast Member. He may be reached at