Look for accreditation when considering cord blood banking.
Cord blood banking may be a life saving process when umbilical blood is collected and
stored for future purposes. Cord blood is rich with stem cells, that may prove to be
beneficial in treating more than 75 life threatening diseases. The collection process is
easy, painless and takes only a few minutes to store cord blood that is otherwise discarded as biological waste.
Cord blood banking has grown in popularity with the knowledge that stem cells are currently responsible for treating over 40 different diseases and disorders and may potentially create cures or ameliorations for diseases such as Type 1 diabetes, Cerebral Palsy and many other devastating ijuries.
Today, there are many private cord blood companies offering the service of collection, processing, testing and storage of umbilical cord blood.
The internet and telephone conversations are useful resources in helping you choose the right cord blood bank, however it is important to select accredited companies and find out how long each cord blood laboratory has been operational. It is important to check the actual licenses and accreditations as many companies simply put FDA and other logos on their home page. Experienced companies should have a good track record with banking cord blood and should possess at least an A rating with the BBB.
Financial stability and profitability of the company are two important factors in your
choice for the right cord blood bank. Remember that the company without financial
security will not be able to carry out cord blood banking securely and sustain its
maintenance and operation.
Also, determine how much experience the cord blood bank has company has in providing
samples for lifesaving medical transplants. Many cord blood banks, however, have not
provided a specimen for transplant purposes. Make comparisons among cord blood banks and find out the viability of thawed samples.
Next, consider where the company stores the cord blood stem cells. Some have storage
facilities near their corporate headquarters while others have labs in spots that are free
from natural disasters and the possibility of frequent airport closures. These safeguards
are important points to consider, especially if you live in a hurricane or earthquake prone
area. The final point to consider when choosing a cord blood bank is price.
Each cord blood banking company has a different rate for their service. Some cord blood
banks offer a service for approximately $1,000, but that is generally for manual cord blood processing. Automated or closed bag processing systems are generally more expensive. A person can expect to pay up to $2,000 for automated cord blood processing which research has shown recovers higher numbers of critical cells than manual processing.