Apr 14 2014

Cord Blood Banking Bill of Rights Published

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Americord Raises Standards of Customer Service in Cord Blood Industry

New York – April 14, 2014 – Cord Blood Banking leader Americord today published a bill of rights it believes every cord blood banking client should expect to receive from their cord blood bank. Encompassing information as well as service, the “Cord Blood Banking Bill of Rights” covers fundamental issues such as transparency and equitable pricing and ensures that clients who are storing their cord blood, cord tissue, or placenta tissue receive the best service possible.

“We believe strongly that clients are entitled to the highest quality of service,” said Americord CEO Martin Smithmyer. “This begins with the clarity and accuracy of the information clients get from Americord about cord blood banking in general, and continues through every step of enrollment, collection, and storage of their baby’s stem cells.”

Among other issues, Americord’s Bill of Rights calls for transparency around the widespread practice of cord blood banks paying doctors for referrals to their clients. Smithmyer has explicitly denounced this practice, which Americord does not engage in, saying that is it not only unethical, but also a driver behind the high cost of cord blood banking.

Read the Cord Blood Banking Bill of Rights now.

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Category: Press