Importance of cord blood registry has led to the establishment of many such banks in the US, Canada, UK and other countries. The effectiveness of using stem cells for treatment of numerous diseases is the reasons why many people are opting to store the cord blood of their newborn babies in these registries also known as cord blood banks.
These cord blood banks are open 24X7 to help people enroll for storage. Many banks provide facilities of prompt online enrollments. As huge numbers of such banks are spawning, we as donors should not compromise with the quality and proper functioning of the banks. It is necessary to check out if the banks comply with the strict regulations. Moreover, it would be better to evaluate both – private banks and public ones before taking a decision to store your baby’s cord blood in any of these.
Most of the cord blood registry function around the clock to provide storage-related information and to accept online enrollments. These banks as well accept corresponding deposits and payments online for enrollments. Upon acceptance, they would supply kits to collect stem cells in the hospital where your baby is expected.
Parents interested in cord blood storage may enroll either with a public bank, non-profit private bank or with a for-profit private bank. Public banks collect samples, which are to be used for researchers and stored for public use. The public banks do not reserve the sole rights of donors for usage, whereas private banks are formed to reserve rights of donors to use cord blood stem cells exclusively for their family requirements.
Process of Cord Blood Banking
Registration and enrollment process of the storage is quite simple regardless of the type – public or private. The banks that charge fee for storage may offer 6 months interest-free payment plans. The cord blood registry charges its agents for the bank’s laboratory, collection kits, sample typing, processing and storing. After collection of samples from umbilical cords of the baby, the samples are couriered to the facility.
During processing of cells, red blood cells are separated by some of the banks. However, some banks retain these cells as well. After separation, cells undergoing a screening process to determine bacterial and viral contamination, sterility, the quantity of the cells in samples and liability of the cells for future treatments. These banks charge annual fees to allow donors to use their storage facilities for cord blood preservation. The annual fees for the cryogenic storing facility are generally charged at the end of each year.
Various Payment Options
Cord blood banks offer a host of different types of payment options. Some banks devise payment schemes like pre-paying plans to provide cord blood registry services for up to 15 to 20 years of storage. A one-time payment option is often offered with a reasonable discount over the per year charges.
Some banks charge their clients not even a single cent for storage until their samples are tested and proven eligible for transplant use.
You may also read: Stem Cell Research – The Importance of Stem Cells
Courtesy by: Jain