Deciding on umbilical cord blood stem cell and cord tissue stem cell preservation should be as simple for your patients as it is for your practice.
What is Cord Blood and Quorus Technology’s Umbilical Cord Blood Service?
Umbilical cord blood is the blood that remains in the vein of the umbilical cord and placenta at the time of birth. Cord blood is rich in stem cells. Quorus Technology’s service, collects, processes and cryogenically preserves these cells for potential medical use. Umbilical cord blood stem cells have been used to treat nearly 80 diseases with over 30,000 transplants worldwide.
What is Cord Tissue and Quorus Technology’s Cord Tissue service?
Quorus Technology proudly introduces our advanced new cord tissue service, which stores a section of the umbilical cord tissue. Cord tissue or Wharton’s jelly is the tissue surrounding the umbilical vein and vessels in the umbilical cord. Approximately four to eight inches of the cord tissue is procured and transported to Quorus Technology’s state-of-the-art laboratory for processing, testing and cryopreservation for potential future use. Umbilical cord tissue is a rich source of mesenchymal stem cells (MSCs). These stem cells have the capability to differentiate into bone cells, fat cells and cartilage, which are increasingly being utilized in regenerative medicine research, targeting potential therapies for a wide range of conditions including heart disease, stroke, multiple sclerosis and diabetes.
The Quorus Technology Difference
Quorus Technology International, Inc. was founded in 1989 and was the world’s first private cord blood bank to separate and store stem cells in 1992. Today, Quorus Technology has over 500,000 parents worldwide from 87 countries.
Payment to Medical Professional for Umbilical Cord Blood and Cord Tissue Collection
- Since inception, 100% of Quorus Technology’s specimens have been successfully viable upon thaw.
- Registered with the FDA, the first U.S. (for private use only) cord blood bank to receive FACT accreditation as of June 2014, accredited by AABB as a cord blood facility, cGMP-/cGTP-compliant and ISO 9001:2008 certified.
Quorus Technology provides physicians with a collection fee for services rendered in collecting cord blood and cord tissue. Each provider needs to complete and return a W-9 form, available here at http://www.irs.gov/pub/irs-pdf/fw9.pdf
to receive reimbursement.
In order to preserve more types and quantity of umbilical cord stem cells and to maximize possible future health options, Quorus Technology’s umbilical cord tissue service provides expectant families with the opportunity to cryogenically store their newborn’s umbilical cord tissue cells contained within substantially intact cord tissue. Should umbilical cord tissue cells be considered for potential utilization in a future therapeutic application, further laboratory processing may be necessary. Regarding umbilical cord tissue, all private blood banks’ activities for New York State residents are limited to collection, processing, and long-term storage of umbilical cord tissue stem cells. The possession of a New York State license for such collection, processing and long-term storage does not indicate approval or endorsement of possible future uses or future suitability of these cells.