Cord Blood Bank Pricing

As Non-profit and For-profit public cord blood banks do not charge for cord blood. The only variation in pricing is between private cord blood banks.

Expensive cord blood banks say it costs them approx. $1,000 to process a cord blood sample properly, and argue that a cord blood bank charging less is skipping tests and cutting corners. More economical banks deny that they skip corners and say that they accept a lower profit margin, and that they reduce processing costs by taking advantage of economies of scale. In order to distinguish between types of cord blood banks it is therefore a good start to look at how much money non-profit public banks spend on testing a sample.

The business model of a non-profit cord blood donor registry is drastically different from that of a private cord blood bank, even aside from the profit motive of a private bank. The private cord blood bank charges each customer a fee for processing and storing a sample. The cord blood donor registry only collects a fee when a sample is released for transplant (this fee is from medical insurance companies). Therefore, the donor registry must charge enough for those few transplants to cover all the costs of maintaining the cord blood bank.

The income and expenditure considerations of public and private cord blood banks can be broken down as follows:

The above costs have to be incorporated into the pricing of each type of cord blood bank.

Staffing costs are a large expenditure for private cord blood banks as a technician’s salary can be $30,000 (US) per year and a Doctor or PhD’s salary is in excess of $50,000 (US) per year. Add to the these costs the cost of advertising, marketing and tests then private banks have big overheads, which must be equaled and then exceeded in order to make a profit.

The conclusion from comparing costs, staff and testing between all types of banks and the need for profit means that the minimum cost of processing a sample properly is close to the number argued by the expensive banks of $1000 (US). This is the price you should be looking to pay if you are interested in storing cord blood. Anything less than this, it is possible to assume that a cord blood bank maybe cutting corners to be competitive. The reverse is also true, as a figure very much larger than $1000 could indicate that a bank is looking to increase its profit margin at a detriment to the customer.

When factoring in pricing from the different cord blood banks these are some issues to consider when selecting the company:

· Collection of UCB Umbilical Cord Blood
· Shipping & Handling
· Laboratory Testing
· Accreditation
· Processing
· Storage Facility
· Company Stability
· Consumer Rights
· Price protection

Cord Partners’ is an umbilical cord blood banking company who believes partnering with our clients for personal cord blood stem cells storage, is essential to securing every family’s future health. Free cord blood preservation and stem cells information available by completing the form below.

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