Study Compares Standards and Accreditations
A comparison of cord blood banking standards and voluntary accreditations has been completed by the Cord Blood Association (CBA) Quality Standards Committee.
The committee’s report is the result of an extensive review and analysis of banking standards, as well as questions posed to AABB and the Foundation for the Accreditation of Cellular Therapy (FACT). The report compares:
- ways in which the standards are identical, similar and different
- each agency’s standards development process
- methods by which compliance is determined and inspections conducted
The study was requested by the CBA Board of Directors to assist banks that are seeking either or both accreditations.
“FACT accreditation is the pinnacle of quality in cord blood banking,” states Dennis Gastineau, MD, FACT President. “This prestigious accreditation is trusted by physicians and families using cord blood as a life saving therapy.” FACT cord blood accreditation is:
- a valid and reliable method for measuring excellence in cord blood banking services
- a means for banks to demonstrate their excellence to donors, parents, patients, and transplant physicians
- internationally recognized among peers for competence in supporting life-saving and life-enhancing therapies
- an avenue for increased financial strength through market share and revenue growth
