Why do Private Cord Blood Banks Charge a Fee?
Basically, private cord blood banks charge a fee to meet the following overheads involved in preserving your child’s cord blood: • Expenses involved in processing the cord blood • Costs associated with the maintenance of laboratory facilities • Expenses generated while imparting training to the employees • Employee’s salaries • Advertising overheads • Accreditation expenses Among these overheads, the accreditation process is the most expensive. Yet, any reputable private cord blood bank will need to have accreditation, ideally from the American Association of Blood Banks. Once accreditation has been obtained, the private bank will then have to abide by the rules and regulations spelled out by the accrediting body, and in doing so, additional operating costs are generated. All of these costs makeup the initial fee that can be as much as $2000 as well as the approximately $100 per year for storage.
Related Questions
- I am pregnant and would like to collect and then store the cord blood of my baby with a private company. Does a private cord blood establishment need an HTA licence?
- Are there different ways that private cord blood banks process and store the umbilical cord blood stem cells? Does the procedure really make a difference?
- Why do Private Cord Blood Banks Charge a Fee?
