News Press Room

How about an Amazon-like procurement model for Canadian hospitals?


Healthcare’s spending crisis has been a prominent news issue in 2017. In Ontario, we heard from the financial accountability office that the province must remove $2.8 billion from health spending by 2019...

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Building a better healthcare supply chain


One of the common criticisms of healthcare in Canada is that it doesn’t function as efficiently as other industries. The simple rejoinder is that healthcare’s unique requirements make it different. Proof of sorts can be seen in the American ‘open market’ system, which is more expensive than ours and doesn’t drive the kinds of efficiencies one would hope for, particularly with regard to critical outcomes...

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ThoughtSpeed™ Deploys Demand Planning & Forecasting Module

Demand Planning & Forecasting

The ThoughtSpeed™ Team is extremely excited to announce the deployment of our powerful new Demand Planning & Forecasting Module. Combined we have years of experience working with the intricacies of inventory planning and statistical modeling techniques. It is this valuable knowledge combined with client feedback and industry best-practices that we have successfully integrated into the new software tool which we think will be a big hit with our business-users.

Our clients can now realize the power of this value-adding functionality that makes use of historical sales data to produce reliable sales forecasts, while at the same time monitoring inventory levels, safety stock, and re-order point to proactively alert you when you need to re-order product.

ThoughtSpeed™ Deploys Real-Time business intelligence & analytics module

business-intelligence

We are very pleased to announce the deployment of our fully-integrated Business Intelligence & Analytics module. After months of market research and customer feedback we have completely overhauled our reporting capabilities to deliver real-time, business-critical metrics.

Our clients can now empower users with quick, exportable business answers that are essential to manage and optimize business performance. Each user gets to tailor their own dashboard to show specific data panels, and can re-size or re-arrange the panels as desired. We believe this solution will be a slam dunk value-adding feature for our clients.

Perfect Order: Phase 1 Complete!

ThoughtSpeed™ has successfuly implemented intelligent inbound order processing, the first and most complicated phase of the highly anticipated "Perfect Order" project. This state-of-the-art solution will allow customers to submit electronic orders to their suppliers and to have those orders be checked for errors and modified as needed while communicating any corrections back to the customer, allowing a seamless shipment and discrepancy-free invoice to follow.

CPDN & ThoughtSpeed™ Extend Partnership Agreement

The Canadian Pharmaceutical Distribution Network (CPDN) and ThoughtSpeed™ eCommerce Ltd. are pleased to announce the extension of their 7-year partnership agreement for an additional three years with a mutual 2-year option past September 2018. Since June 2009, ThoughtSpeed™ has provided its “web-facing” Order Management System portal to every hospital in Canada for CPDN and its 22 independent drug manufacturer members. Since that time, over $5 Billion of pharmaceutical orders have been processed and application service availability has been in excess of +99.999 percent. ThoughtSpeed™, working with CPDN’s other strategic partner, Lynden International Logistics, has provided CPDN with an enviable industry best practice solution.

Accessed at over 1000 locations in over 800 hospitals, ThoughtSpeed™’s eHealthSys™ provides users with real-time inventory, order validation, contract pricing and order tracking visibility. Orders can be placed using EDI, electronic upload from legacy systems as well as manual input. Sophisticated real-time reporting, analytics and dashboards are available through ad-hoc report generation. Reports can be produced to provide up to 12 months of order activity on demand. CPDN members will also benefit from the new Demand Planning and Forecasting Module in the new year.

“I’m pleased that we have extended our agreement with ThoughtSpeed and that we will continue to work closely over the next three years,” says Sav DiPasquale, President, CPDN. “We look forward to continuing to provide this leading edge web-based Order Management System in support of our business while offering a positive ordering experience for our clients.”

IPSEN CANADA PARTNERS WITH CPDN AS THEIR NATIONAL HOSPITAL DISTRIBUTOR

Ipsen Biopharmaceuticals Canada Inc (Ipsen Canada), an affiliate of Ipsen (Euronext: IPN; ADR: IPSEY), is pleased to announce that it has entered into a new partnership with the Canadian Pharmaceutical Distribution Network (CPDN), a leading distribution channel in pharmaceutical products to Canadian hospitals.

Ipsen Canada has recently established a Canadian head office in Mississauga, Ontario and will develop and commercialize specialty products in Oncology and other specialty therapeutic areas. Effective August 4, 2015, Ipsen Canada will begin distributing Somatuline® Autogel® in Canada. This distribution will be transitioned from EMD Serono.“We are delighted with Ipsen’s decision to join CPDN and leverage our 20 years of experience in providing a simple, consolidated, direct and economical distribution solution for pharmaceutical products to Hospitals across Canada”, stated Sav DiPasquale, General Manager, CPDN.

Lupin Pharma Canada Ltd. Partners with CPDN

Lupin is proud to announce its partnership with the Canadian Pharmaceutical Distribution Network (CPDN), a leading distribution provider of pharmaceutical products to Canadian Hospitals across the country. “We are delighted that Lupin is joining the CPDN network and will leverage our value - added services for their hospital customers”, stated Sav DiPasquale, General Manager, CPDN. “For 20 years CPDN has been helping to improve the healthcare of Canadians by providing manufacturers with a cost - effective solution for the ordering and distribution of their healthcare products to hospitals.”

Lupin is an innovation led transnational pharmaceutical company producing and developing a wide range of branded and generic formulations as well as biotechnology products and API globally. The Company is a significant player in the Cardiovascular, Diabetes, Asthma, Pediatric, CNS, GI, Anti - Infective and NSAID space and holds global leadership positions in the Anti - TB and Cephalosporin segments.