The need for long-term, offsite storage is a growing need among IVF centers nationwide. In fact, the more successful your clinic, the greater your need. The increasing number of mix-ups within clinics and the national negative exposure of these incidents is the worst case scenario. However, most clinics mistakenly believe they are currently making money on storage fees. In reality, our research shows that very few have the systems in place to bill, track and collect enough fees to offset the liability they are assuming. And more importantly, abandoned specimens are a dilemma that sooner or later, every clinic must face.
The best storage solution is a proactive partnership with ReproTech… The leader in long-term cryostorage. Call us today: 651-478-5611.
Our Auto Transfer Management (ATM) program is by far the most popular service clinics choose. Simply put, once you’ve succeeded in achieving pregnancy, the patient’s remaining embryos, eggs, or sperm are automatically sent to ReproTech for ongoing storage. When patients are ready to use their specimens we ship them back to you in free group shipments. Everything is coordinated with our experienced staff who work with fertility clinic staff on a daily basis and who also understand the fertility journey of patients.
Every physician knows that stored specimens are a liability when it’s time to sell. In fact, the more embryos, and the older the specimens, the larger the liability. This can run into tens of thousands of dollars off a sale price.
So if you’re thinking about retirement or selling… it’s never too early to transfer specimens to long-term storage. In fact, the sooner the better. If your specimens have been managed well – it may cost you nothing to move your specimens. However, if your previous patient records aren’t current, there will be a fee for us to assume those accounts. Time is of the essence, because the greater the amount of old and abandoned accounts you have, the greater liability – which in turn will affect your bottom line.
With Auto Transfer Management in place, we handle shipping and all the fees. Once a patient’s specimens are sent to us, we become responsible for billing, collections and handling the final disposition of the specimens. Your staff will save valuable time and can focus on providing patients with the best possible care.
Often when clinics close they have to find offsite continuing storage for specimens. In this situation, we review all patient accounts and calculate the fees ReproTech will charge to assume the liability of the clinic’s cryostorage accounts. These fees are dependent on how well accounts have been managed and tracked, as well as the number of abandoned specimens in the mix.