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'Record' $60M verdict over botched IR procedure | Philips' $340M tariff hit | Akumin names CMO | Lantheus divests SPECT biz

News You Need to Know Today
'Record' $60M verdict over botched IR procedure | Philips' $340M tariff hit | Akumin names CMO | Lantheus divests SPECT biz
Wednesday, May 7, 2025
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Today's News and Trends

Jury reaches ‘record’ $60M verdict in case over botched interventional procedure

The case dates to 2019, when 64-year-old David Gangaram visited a Long Island outpatient clinic for an image-guided lumbar epidural steroid injection. 

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Spine X-ray spinal cord
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Jury reaches ‘record’ $60M verdict in case over botched interventional procedure

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Spine X-ray spinal cord
The case dates to 2019, when 64-year-old David Gangaram visited a Long Island outpatient clinic for an image-guided lumbar epidural steroid injection. 
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Tariffs will cost Philips Healthcare up to $340M

U.S.-China tariffs will have a $226M to $340M net impact on its bottom line in 2025, even after substantial mitigation efforts, the imaging manufacturer estimates. 
 

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Philips Healthcare booth sign at HIMSS23. While Philips Healthcare reported a profitable first quarter for 2025, the impact of tariffs and mitigation efforts dominated the conversation in it Q1 earnings call May 6. Philips estimates the U.S.-China tariffs will have a $226 to $340 net impact on Philips in 2025, even after "substantial" tariff mitigation efforts that the company said will cost hundreds of millions of dollars, including moving manufacturing and supply chains.
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Tariffs will cost Philips Healthcare up to $340M

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Philips Healthcare booth sign at HIMSS23. While Philips Healthcare reported a profitable first quarter for 2025, the impact of tariffs and mitigation efforts dominated the conversation in it Q1 earnings call May 6. Philips estimates the U.S.-China tariffs will have a $226 to $340 net impact on Philips in 2025, even after "substantial" tariff mitigation efforts that the company said will cost hundreds of millions of dollars, including moving manufacturing and supply chains.
U.S.-China tariffs will have a $226M to $340M net impact on its bottom line in 2025, even after substantial mitigation efforts, the imaging manufacturer estimates.  
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Radiology provider Akumin appoints chief medical officer

Nasir Siddiqui, MD, MBA, is taking on the role for the Plantation, Florida-based organization after previously spending nine years at Duly Health and Care. 

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Akumin chief medical officer CMO Nasir Siddiqui, MD, MBA
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Radiology provider Akumin appoints chief medical officer

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Akumin chief medical officer CMO Nasir Siddiqui, MD, MBA
Nasir Siddiqui, MD, MBA, is taking on the role for the Plantation, Florida-based organization after previously spending nine years at Duly Health and Care. 
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Lantheus announces plans to divest SPECT imaging business

Janesville, Wisconsin-based nuclear fusion firm Shine Technologies is the buyer, issuing an upfront cash payment under terms of the deal. 

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Lantheus
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Lantheus announces plans to divest SPECT imaging business

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Lantheus
Janesville, Wisconsin-based nuclear fusion firm Shine Technologies is the buyer, issuing an upfront cash payment under terms of the deal. 
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Incidental findings evident in 70% of lung screening exams, but few reported

Despite this, consensus is lacking on whether radiologists should be required to report on findings that are not relevant to the exam. 

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Incidental findings evident in 70% of lung screening exams, but few reported

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Despite this, consensus is lacking on whether radiologists should be required to report on findings that are not relevant to the exam. 
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In Other News

PET imaging reveals long-term heart and lung damage from COVID-19

New data highlight the long-lasting effects of the coronavirus, revealing changes that are not detectable by standard medical assessments. 

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Doctor mask covid
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PET imaging reveals long-term heart and lung damage from COVID-19

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Doctor mask covid
New data highlight the long-lasting effects of the coronavirus, revealing changes that are not detectable by standard medical assessments. 
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First, do no AI: How not to help the world’s struggling healthcare systems

An international team of researchers is calling on healthcare AI proponents to be more mindful of the technology’s unsuitability across much of the developing world. 

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Artificial Intelligence AI in healthcare
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First, do no AI: How not to help the world’s struggling healthcare systems

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Artificial Intelligence AI in healthcare
An international team of researchers is calling on healthcare AI proponents to be more mindful of the technology’s unsuitability across much of the developing world. 
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FDA reverses course on some layoffs, rehires FOIA staff

According to a media report, workers managing records on medical device and tobacco regulations are returning to work after the agency missed court-ordered deadlines for Freedom of Information Act responses. 

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U.S. FDA Sign
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FDA reverses course on some layoffs, rehires FOIA staff

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U.S. FDA Sign
According to a media report, workers managing records on medical device and tobacco regulations are returning to work after the agency missed court-ordered deadlines for Freedom of Information Act responses. 
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In Case You Missed It

Hospital transparency efforts fail to curb rising imaging prices

However, health policy efforts initiated in 2021 appear to be reducing variation in imaging costs, experts contend. 

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doctor comparing the costs of different medical treatments
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Hospital transparency efforts fail to curb rising imaging prices

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doctor comparing the costs of different medical treatments
However, health policy efforts initiated in 2021 appear to be reducing variation in imaging costs, experts contend. 
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Whole-body MRI firm Ezra acquired by celebrity-backed longevity startup Function Health

Matt Damon, Pedro Pascal and Kevin Hart have invested in Function, which offers 100-plus lab tests to help its 200K members live "100 healthy years." 

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Ezra
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Whole-body MRI firm Ezra acquired by celebrity-backed longevity startup Function Health

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Ezra
Matt Damon, Pedro Pascal and Kevin Hart have invested in Function, which offers 100-plus lab tests to help its 200K members live "100 healthy years." 
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Timothy L. Swan, MD, elected president of the American College of Radiology

“Dr. Swan is an inspiring and untiring leader who has served with distinction in his multiple ACR and professional roles," CEO Dana Smetherman, MD, said Monday. 

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American College of Radiology ACR
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Timothy L. Swan, MD, elected president of the American College of Radiology

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American College of Radiology ACR
“Dr. Swan is an inspiring and untiring leader who has served with distinction in his multiple ACR and professional roles," CEO Dana Smetherman, MD, said Monday. 
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CPT code changes relevant to radiology for 2026

“The ACR encourages its members to review them and consider how the anticipated changes may impact their practices," the college urged recently. 

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healthcare surprise billing statement payment
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CPT code changes relevant to radiology for 2026

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healthcare surprise billing statement payment
“The ACR encourages its members to review them and consider how the anticipated changes may impact their practices," the college urged recently. 
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