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Blood bank make money

blood bank make money

Close to half a million dollars worth of donated blood is at the heart of a lawsuit between Oklahoma Blood Institute and a Minneapolis-based blood broker. Donors often believe their blood is given to local hospitals, and all donations stay in the community — neither of which is true. Yet selling the blood — which technically is a pharmaceutical product—makes millions of blood bank make money for nonprofit entities such as Oklahoma Blood Institute. On the business side of what we do, the comparison is to a pharmaceutical company. And its top executives mqke well paid. Armitage, who spoke with The Oklahoman on Thursday, says the compensation is fair and comparable to similar large, nonprofit companies in Oklahoma City. On its tax form, OBI describes one of its key programs as managing the blood donations from more thanpeople each year. One reason OBI works with blood brokers is to avoid waste, something donors should appreciate, Armitage said. Red blood cells generally are considered expired after 42 days. More specialized products, such as platelets, last just five days. Jennifer Palmer joined The Oklahoman staff in and, after five years on the business desk, is now digging deeper through investigative work. She’s been recognized with awards in public service reporting and personal column writing. Prior to Log in or subscribe to read and leave comments. Contact Joney.

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Collected blood bags are pictured at an Hemotherapy center on the Canary Island of Tenerife in Blood transfusion is a relatively novel medical procedure. The idea that the primordial red liquid might be a positive force when introduced into the human body only saw widespread adoption beginning in the 19th century. Until that point, leeches and bloodletting remained at least somewhat in vogue. Basically, when your health was in trouble, deliberately draining blood was considered a medically sound response—a tactic that, perhaps most infamously, may have hastened George Washington’s death in Even after decades of experimentation, transfusion didn’t seem to be going anywhere until the era of modern warfare. World War I, the most spectacular military struggle the planet had ever seen, provided new forums for transfusion—as did the even more brutal and catastrophic conflict that followed two and a half decades later. But as blood transfusion proliferated in modern medicine, it also got more complicated. These days, if you get a blood transfusion, chances are you’re going to get something best understood as «component» rather than «whole» blood. When you donate, the red liquid taken out of your arm goes to a processing center, where it is split into parts that can be targeted at specific conditions afflicting individual people. I called her up for a chat about how people have conceived of blood over time—and what it means that the most human substance there is has more value than oil. VICE: Why do you think blood, at least in modern life, makes so many so squeamish and carr ies such enormous taboos? If you look throughout history and geography, blood can be so many things to so many people, it sort of crisscrosses all over the place. The ancient Greeks had Homer—he thought blood was magical, [that] it had this amazing power to give life. He actually has one of his characters, Nereid Thetis—his mother—comes briefly back to life just by drinking some sheep’s blood. Before modern medicine, if you saw blood, for most people that probably meant injury or death. The menstrual taboo is because that countered the usual connection.

Sell your blood plasma.

The American Red Cross, a non-profit organization, does not pay their donors, but they do sell the blood they collect. For many donors and people thinking about donating, it may not be common knowledge that the Red Cross is selling their donated blood. A single blood donation may help up to three different people. Blood is sold to hospitals, biomedical companies, academic centers, and pharmaceutical companies, according to Laura McGuire, external communications manager at the Red Cross. In order to recover the cost of recruiting blood donors and testing of blood, we recover that cost by being reimbursed by hospitals. The Red Cross spends that money on recruiting donors, testing blood and paying staff, said Peters. The members of Circle K, an Edgewood College service organization, try to host a blood drive twice a year, but Edgewood parking regulations make that hard. We understand that they also need to make a profit to continue their efforts, however, because it is a donation, it poses an ethical dilemma if American Red Cross then turns around and sells it. According to ProPublica, the Red Cross raised half a billion dollars for Haiti following the devastating earthquake in , yet they only built six permanent homes in the wake of the disaster. But our reporting shows that less money reached those in need than the Red Cross has said. At the time, the Red Cross was in crisis. An average of 91 cents of every dollar the Red Cross spends is invested in our humanitarian services and programs. Many plasma companies sell their plasma also, but they pay their donors with prepaid Visa cards. The plasma industry has been criticized. People say the money may lead to donors lying about their health. Dishonesty may still be prevalent. The plasma industry takes safety very seriously and tests hematocrit and protein levels each time, he said. At the first donation and then every four months, donors are tested for syphilis. Alyssa Allemand aallemand edgewood. Robin Gee rgee edgewood. Patricia Simms psimms edgewood. Anna Hansen anhansen edgewood.

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Over comments from donors since ! Review the comments to know what to expect. Always call 1st and let us know if the number or location has changed. Leave a comment on your experiences to help others manage expectations : This is our most popular feature of the site and should not be missed. Check out our Blood Donor Android App for mobile access to our directory.

This high quality blog is maintained by bestselling author Michael S. The focus is to provide in-depth articles and great videos about the blood industry. So we like to promote plasma donation as great habit to start. Also, you can Submit Blood Center for a featured article and to be included in our master database. This awesome new technology can freeze umbilical cord blood stem cells to repair you; truly fascinating medical advances meets science-fiction stuff.

We do this because its just plain cool This is a new directory of hospitals in the US that we are releasing. Built on the same engine as our blood bank directory. Enjoy reviewing your favorite hospitals! There are many benefits to donating blood, the first of which is that you will help replenish the very necessary blood supply.

We are interested in your videos and learning about how you make money by donating blood, plasma or anything. How much do you make? How easy is it? How long have you gotten paid for blood? The human blood, as we know it, is one of the most precious gifts that we could ever give to our fellow men— it does not cost a single dime, is almost painless, and can save thousands of lives.

Blood is as important as water, especially to patients who depend on each donated blood to save their lives. Every year, people across the globe celebrate various occasions, some of which are solely dedicated to a specific person. For example, Father? The human blood is, probably, one of the greatest gifts we can give to other people— or even to. Usually, the cord is cut within ten seconds after giving birth.

Every two seconds, a patient in the United States is in need of lifesaving blood. With this in mind, the American Red Cross estimates that over 41, blood donations are needed every single day.

Blood donation, just like any other activities involving the society, also has its own rules and regulations. These pointers serve as the basis for potential, interested donors if they are eligible to give blood or not. Want to find plasma donation centers in various USA regions? Use the image blood bank make money or the links below to go directly to the regional pages. The Trans Battle: Blood Donation vs.

Transgender in the US. Cord Blood vs. Privacy Policy. BloodBanker Steele St. USA .

The Simpsons — Homer sells blood and sperm to make money?

Blood Centers

Blood banking is a paradoxical business, a multibillion-dollar industry whose product is largely donated and then sold omney nonprofit organizations. Though the raw material is, for the most part, free, «someone has to get it and purify it, which costs money,» he explained. The purpose of collecting and distributing blood is to use it and its constituent components to save lives. But the industry has increasingly come under attack, accused of violating Federal guidelines, thus adding to the spread of AIDS and hepatitis. In Congressional hearings last month, Federal officials charged blood bank make money slipping safety standards, improper training of personnel, deteriorating ,oney and the drive for revenues had imperiled the industry. The American Red Cross, the nation’s largest blood supplier, was singled out for criticism. In the past year, the Red Cross has also been cited by the Mony and Drug Administration, which regulates the blood industry, for hundreds of violations of procedures. In contrast, only 10 percent of the independent blood centers were found to have similar violations. Gerald V. Quinnan Jr.

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