Case studies and references
Read about ways organizations have found success with StatGenius
Association & Nonprofit
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Compensation Benchmarking for Michigan Society of Association Executives (MSAE)
Michigan Society of Association Executives (MSAE)
Association Overview: The Michigan Society of Association Executives is a not-for-profit that serves association and membership organization. They are a thought leader in the association space, and inventive in their uses of technology to further member knowledge and experience.
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StatGenius Use case:
- MSAE has used StatGenius to administer their operating ratio report survey, which collects revenues and operating expenses of their members. This information is collected from members, and the members can then compare their survey responses against other members similar to themselves
- The report informs the members about the pricing and costing trends in the association sectors, and provides additional revenue for the association
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Pricing Benchmark for Association in the Healthcare Billing Industry
Association in the Healthcare / Billing Space
Association Overview: This national association serves as a major voice in the revenue cycle management industry in the United States.
StatGenius Use case:
- Members collectively submit a significant percentage of all initial medical claims to the country’s governmental and commercial payers.
- Administered two surveys using StatGenius that collected profiling/demographic and revenue data for their industry.
- They plan to use that data to prepare and present an analytical report on the demographic and revenue related trends in the healthcare industry to their members
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Survey Analysis for a Nonprofit Management Consultancy
Survey Analysis for a Nonprofit Management Consultancy
Overview: A management consulting firm who specializes in nonprofit management, was in the business of strategic planning, leadership, and board development for NGOs. After years of coordinating with executives, this consulting firm discovered that many organizations had the same (or highly similar) issues in fundraising, and developed a proprietary system to address the specific needs of their market
StatGenius Use case:
- MSAE has used StatGenius to administer their operating ratio report survey, which collects revenues and operating expenses of their members. This information is collected from members, and the members can then compare their survey responses against other members similar to themselves
- The report informs the members about the pricing and costing trends in the association sectors, and provides additional revenue for the association
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Surprise Insights the Client Found:
- Based on behavior (how respondents answer questions on the survey), we found 2 new distinct groupings of executives, based on their perceptions of available resources.
- Resources budgeted for fundraising appears to increase steadily until a non-profit reaches a specific stage – and then it plateaus.
- When asked about the perceived sufficiency of resources in fundraising, there was a discrepancy between the views of management and staff. This likely points to a lack of communication around the budgeting and sales process.
Market Research & Consumer Insights
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Survey Analysis for a Market Research Consultancy
Survey Analysis for a Market Research Consultancy
Overview: A prominent market research consultancy specializing in VOC (voice of customer) analysis, by administering focus groups and surveys. A recent client project arose, which required them to make recommendations on how to refine their survey questions – identifying which questions could be consolidated and shortened.
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StatGenius Use case:
- Client used software to run predictive model (statistical regression) on survey questions in relationship to NPS factor – in other words, which survey questions best predicting customer NPS
- Findings were used to consolidate questions, shorten the survey, and determine the best NPS predictors
- Advanced mathematical techniques were required, given that linear regression was inappropriate for the problem. StatGenius knew exactly which technique would be applied (and how) – and ran it without any user input
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Dashboarding and Analysis for U.S. Department of Energy
U.S. Department of Energy
Organization Overview: In the event of a commercial petroleum supply disruption, the United States can turn to the emergency stockpiles of petroleum products managed by the Department of Energy's Office of Petroleum Reserves (OPR). The mission of the OPR is to protect the United States from severe petroleum supply interruptions through the acquisition, storage, distribution and management of emergency petroleum stocks and to carry out U.S. obligations under the International Energy Program.
StatGenius Use case:
- Business Science Associates (StatGenius) helps the Strategic Petroleum Reserve (SPR) update and maintain a complex statistical model – which utilizes geographic, meteorological, and statistical analysis to predict how the nation’s energy supply will become affected by a storm. Our statistical analysis uses past hurricane events, as well as a fundamentals (bottom-up) approach to determine what the shortfall in production will be.
- This is used by SPR leadership to determine, if any, how much oil should be released from the reserves, to ensure consistent supply and provide a powerful response option to shortages in crude.
See live dashboard example: here
