ViaCord's Pricing for Cord Blood and Tissue Banking (2024)

FAQs

ViaCord's Pricing for Cord Blood and Tissue Banking? ›

The cost of banking cord blood is broken down into two fees: a processing fee and a storage fee. The processing fee for cord blood is $1,725, which includes the collection kit, shipping, and processing of the cord blood at ViaCord's AABB accredited laboratory. The storage fee for cord blood is $175 per year.

If parents choose to store their infant's cord blood in a private bank, a collec- tion fee that ranges from $900 to $2000 and an annual storage fee of approximately $90 to $150 may be required. Fees vary between private banks. How do we decide whether to donate?

Doctors do not recommend that you bank cord blood on the slight chance that your baby will need stem cells someday. If your baby were to need stem cells, he or she would probably need stem cells from someone else rather than his or her own stem cells.

ViaCord is the only bank to process and store stem cells from both cord blood and cord tissue in a 5-compartment bag. ViaCord is the only family bank to publish short and long-term survival rates – 88% at 1 year.

Storing Your Baby's Cells

ViaCord's Lab is FDA registered, AABB accredited, CLIA certified and equipped with the same freezers used by major research institutions such as Centers for Disease Control and Prevention and the National Institutes of Health. Pay storage annually or pre-pay for 20 or 25 years .

Public banks are subject to much higher regulatory requirements, and compliance with regulations carries costs. At a family bank you pay the bank enough to cover the cost of storing your baby's cord blood, plus they make a profit.

The cost of banking cord blood is broken down into two fees: a processing fee and a storage fee. The processing fee for cord blood is $1,725, which includes the collection kit, shipping, and processing of the cord blood at ViaCord's AABB accredited laboratory. The storage fee for cord blood is $175 per year.

Some insurance providers will cover the cost of cord blood banking when collection is medically necessary. For example, depending on the provider, families with a history of leukemia or other blood disorders may be eligible for total or partial coverage of the costs of cord blood collection and storage.

The American College of Obstetricians and Gynecologists and the American Academy of Pediatrics don't recommend routine cord blood storage. The groups say private banks should be used only when there's a sibling with a medical condition who could benefit from the stem cells.

Once we have stored cord blood for our family, how long should we keep it? Indefinitely. From an economic perspective, it does not make sense to invest in the up-front processing fee and pay for years of annual storage, and then throw out the investment.

Why is cord blood banking controversial? ›

Uncertainty of the process of obtaining information. Problems and diseases that may occur after transplantation. Parents' concerns about protecting cells. Private or public ownership of the banks.

Some disadvantages of cord blood banking include the following: Cord blood does not contain many stem cells, which means that adults needing a transplant will require cord blood stem cells from multiple donors. People have to pay a fee for storing cord blood in a private bank, which could prove costly.

The change or cancellation fee is $150.

As of today, the use of cord blood has proven to be effective in helping treat nearly 80 conditions including: cancers, blood disorders, bone marrow failure syndromes, metabolic disorders, and immune disorders.

PerkinElmer

Revvity Holdings, Inc.

Cord blood banking may be tax deductible under certain circ*mstances. If your child or family member has a medical condition with an immediate need for an FDA approved treatment with cord blood, the cost of collection, processing, and storage may be tax deductible.

Myth: Stored cord blood has a limited “shelf-life.” Fact: Theoretically, properly frozen and stored cord blood may remain useful for a lifetime. This isn't known for certain, however, because cord blood banking has existed for fewer than 30 years.

ViaCord has been a leader in the cord blood banking industry for over 25 years and offers families quality, innovation and trust. Over 500 customers have used their stem cells stored with ViaCord for a transplant or regenerative medicine research.

How much does cord blood banking cost? It varies. Cord blood banking can cost nothing if you donate to a public storage bank. Private storage banks can charge $1,350 to $2,300 for the initial collection, followed by storage fees of $100 to $175 per year.

Christine Sterling has also publicly voiced the benefits of preserving newborn stem cells, while Something Navy founder Arielle Charnas and former American soccer star Kealia Watt have each shared their own stories of banking their children's cord blood with CBR.

What do hospitals do with placenta after birth? ›

Do Hospitals Keep Placentas? Hospitals treat placentas as medical waste or biohazard material. The newborn placenta is placed in a biohazard bag for storage. Some hospitals keep the placenta for a period of time in case the need arises to send it to pathology for further analysis.

According to Cell Trials Data, a provider of data on clinical trials of advances cell therapy, cord blood banking rates are highest in the US, at 3% of births each year.

Public banking

When you donate your baby's umbilical cord for public use: It's available to any patient in need of a transplant; it is not reserved for your family members. There is no cost to you because public cord blood banks cover the fees associated with processing, testing and storing donated cord blood.

Of course, many Singaporeans would still choose to save the cord blood for their own family just in case. At SCBB, private cord blood banking is only available if you deliver in a government hospital. It costs $2,200 for processing and storage for the first 5 years, then $1,000 for every 5 years after.

Cord blood donation doesn't cost anything for parents. Public cord blood banks pay for everything which includes the collection, testing, and storing of umbilical cord blood.

LifeCell offers multiple pricing options such as annual storage plan at ₹23,990* (charged every year towards renewal), 21 Year storage plan at ₹23,990 + ₹34,000* and 75 Years storage plan at ₹23,990 + ₹51,000*.