There is more to think about than just pricing
As parents-to-be, remember that you will only have one chance to collect your baby’s cord blood at birth, so it is important to understand what factors to look out for in order to make an informed decision about cord blood banking before delivery. This includes choosing which cord blood bank to store your child’s umbilical cord stem cells with.
Given the current and potential value that the stem cells in your baby’s cord blood holds, there are several factors that parents-to-be would need to consider when selecting a reliable family cord blood bank. Some of the criteria that you should be looking at includes:
- Accreditations: Having accreditations by both national and independent international organisations, like the American Association of Blood Banks (AABB), ensures that the bank adheres to stringent protocols in order to meet high quality and safety standards.
- Transplant Track Record: A bank’s record on the number of cord blood units released for treatment is good validation of their processing and storage methods.
- Facility: A cord blood bank that owns their own processing and storage facility maintains direct control over critical services, quality, licensing and accreditations. This is an indication of the bank’s investment towards ensuring the well-being of the families whose cord blood units are stored under their care.
- Financial Stability: Deciding to save your baby’s cord blood is a long-term decision. Public-listed companies offer financial transparency for increased assurance.
Ultimately, as parents, you have to make a well informed decision about what is best for your baby now and in the long run.
*Names have been changed to protect the privacy of the individuals involved.
 Nietfeld JJ, Pasquini MC, Logan BR, et al. Lifetime probabilities of hematopoietic stem cell transplantation in the U.S. Biology of Blood and Marrow Transplantation. 2008; 14:316-322.
 Parent’s Guide to Cord Blood Foundation website. http://parentsguidetocordblood.org/diseases.php. Accessed January 5, 2016.
Republished with permission from: theAsianparent Singapore.
Have you banked your child’s cord blood? Are you considering it at the moment? Share your thoughts and experiences with us in the comments section below.