River Park Hospital has taken steps to reduce its cost structure to deal with continued declining reimbursement and prepare for the future, according to hospital CEO Tim McGill, who announced the plan to staff members last week.“It was important we take steps now so we could maintain a strong financial foundation which will allow us to support our key services as well as to care for patients who cannot pay, or for whom payment will not cover the costs of care,” McGill said. “The changes we are making will eliminate approximately $700,000 in costs during the coming year.” Most of River Park’s savings were achieved through a reorganization and consolidation of management positions.