November 09, 2015

Many expecting parents are unaware with the value that family cord banking can offer, let alone that there are two types of family cord blood services: private and public. In this blog article, we’re going to help you understand the difference between private and public cord blood banking, as well as the benefits of both.

The stem cells collected from the umbilical cord blood of a newborn can be used to treat more than 80 diseases, including many types of blood disorders and even cancer. Expecting parents must make a decision for public or private banking before their child is born, as the cord blood can only be collected and banked at the birth of a child. This is why CariCord encourages ALL parents who are expecting a newborn to review the parent’s guide to cord blood, contained in the FAQ section of our website.

Private banking is CariCord’s premier cordblood service. It ensures that your child’s cord blood will be collected, processed, and stored in our secure facility for private, “on-demand” use, should it ever be needed. Your child’s valuable stem cells and cord tissue (if you opt for this additional service of cord tissue banking) will be available decades down the road, and can be used in a treatment for that child or potentially a sibling who is a close enough match. Many parents have questions about cord blood banking prices. Some may feel that private banking is too expensive, but you can’t put a price tag on the life of your child. If there is a history of disease in your family, this option may be strongly encouraged by many medical professionals. Our website can inform you on current cord blood prices.

Public banking is a bit different. The biggest difference is your child’s stem cells will not be available for their personal, on-demand use. Instead, your child’s cord blood is available to anyone who needs it, similar to a traditional blood bank. (It should be noted that only an estimated 15% of cord blood units donated publicly will actually be banked, due to minimum size requirements.) A donation to the University of Colorado Cord Blood Bank could save a life, and it is certainly better than having your child’s stem cells discarded as medical waste, which is what happens if parents do not choose public or private family cord banking for their child. With this option, you do not have to worry about cord blood banking pricing, so there is really no reason why you would not want to choose public banking, if you are not storing your child’s cells in a private family cord blood facility.

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