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- What questions should parents ask a Family Bank about Company Stability?
- Is the family cord blood bank a publicly-held or privately-held company?
- Is the company affiliated with a hospital or research institution?
- Is the company involved in bio-technology research and development?
- What other medical services does the company perform?
- How long has the company been banking cord blood?
- Who directs the day-to-day business of the company? Many cord blood banks have famous doctors on their Board of Directors; but they are not involved with the day-to-day operations.
- What is the lab inventory of cord blood collections, both public and private? This speaks to their staff's experience with storing cord blood.
- How many cord blood collections has the bank released from their own lab for therapy? This speaks to their staff's experience with releasing cord blood.
- Will my delivery hospital allow me to use any family bank?
In the US, the answer to this question is almost always YES. However... a handful of hospitals have signed exclusive contracts requiring their patients to use certain family banks, so it is best to check in advance.
Those hospitals who have made exclusive partnerships will argue that it improves their level of care, because their staff train with and stock the collection kits for the banks they have approved. The hospital probably has a financial incentive too. However, for parents it means a lack of consumer choice.
- What fraction of cord blood donations get accepted?
Between a half and three quarters of donations are discarded. The primary reason is that the collection volume is too small. Public banks will only save a collection that is big enough to transplant a large child or small adult.