Sharps Compliance Corp. (NASDAQ: SMED) (“Sharps” or the “Company”), a leading full-service provider of cost-effective solutions designed for the proper management of medical waste, used healthcare materials and unused dispensed medications, announced today the launch of ComplianceTRACSM, a web-based compliance and training program designed to improve worker safety while satisfying applicable Occupational Safety and Health Administration (“OSHA”) and other requirements.
David P. Tusa, Chief Executive Officer and President of Sharps Compliance Corp. stated, “ComplianceTRAC was developed and launched to provide our current and prospective customers and their employees with a convenient solution to improve workplace safety while complying with ongoing applicable regulatory requirements. Any person who may potentially be exposed to bloodborne pathogens, such as medical and dental professionals, first responders, adult care workers, maintenance workers as well as other health care professionals will benefit from this program.”
The ComplianceTRAC program is a one-stop, interactive module, which includes online digital video training, comprehension testing, and training certificate for both Bloodborne Pathogens (“BBP”) and the Health Insurance Portability and Accountability Act of 1996 (HIPAA). The ComplianceTRAC program also provides management and tracking tools to make recordkeeping easy, as well as MSDS management with access to millions of MSDSs, OSHA safety plans builder, and audits.
Mr. Tusa continued, “In addition to the health risk to employees and potential liability for facilities, incomplete or outdated OSHA manuals and training could result in OSHA citations and similar disruptions for healthcare-related businesses. With ComplianceTRAC, facilities are afforded the tools to update MSDSs, train employees on BBP standards, develop and update exposure control and other safety plans and perform safety audits to OSHA standards. ComplianceTRAC is designed to avoid citations and assists facilities with compliance with all applicable regulations.”For more information on the ComplianceTRAC program or to inquire about pricing, please visit www.mycompliancetrac.com or call 866-776-9316. About Sharps Compliance Corp. Headquartered in Houston, Texas, Sharps is a leading full-service provider of cost-effective management solutions for medical waste and unused dispensed medications. Its strategy is to capture a large part of the estimated $3.8 billion untapped market for unused medications, used syringes and medical waste generated outside of hospital and large health care settings by targeting the major agencies that are interrelated with this medical waste stream; including the U.S. government, pharmaceutical manufacturers, home healthcare providers, retail pharmacies and clinics, and the professional market which is comprised of physicians, dentists and veterinary practices. As a fully integrated medical waste management company providing customer solutions and services, the Company’s solid business model, which provides strong margins and significant operating leverage, combined with its early penetration into emerging markets, uniquely positions it for strong future growth.
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