Housecall Medical Resources, Inc.
                                        Exhibit 11
                   Statement Regarding Computation of Earnings Per Share
                         (in thousands, except for per share data)
<TABLE>
<CAPTION>
                                                                          Three months ended                 Six months ended
                                                                             December 31,                      December 31,
                                                                         1995             1996            1995              1996
                                                                     --------         --------        --------          ---------
<S>                                                                  <C>              <C>             <C>               <C>
PRIMARY:
Weighted average common shares outstanding                              6,079           10,219           6,067           10,219
Net effect of dilutive stock options
  based on the treasury stock method using
  market price                                                              -              702               -              836
Adjustment for stock and options issued
  one year of January 29, 1996 in accordance
  with SAB 83                                                              467               -              467               -
                                                                      --------         -------         --------          ------
Weighted average common shares and
  outstanding                                                            6,546          10,921            6,534          11,055
                                                                      ========         =======         ========          ======

Income (loss) before extraordinary item                               $   (766)            690          $  (284)         $  798
Extraordinary item                                                           -            (735)               -            (735)
                                                                      --------         -------          -------          ------
Net income (loss) attributable to common
  stockholders                                                        $   (766)        $   (45)         $  (284)         $   63
                                                                      ========         =======          =======          ======
Per share amounts:
Income (loss) before extraordinary item                               $  (0.12)        $   0.06         $  (0.04)        $  0.07
Extraordinary item                                                           -            (0.06)               -           (0.06)
Net income (loss) attributable to common                              --------         --------         --------         -------
  stockholders                                                        $  (0.12)        $   0.00         $  (0.04)        $  0.01
                                                                      ========         ========         ========         =======
FULLY DILUTED:
Weighted average common shares outstanding                               6,079           10,219            6,067          10,219
Net effect of dilutive stock options based on
  the treasury stock method using period end
  market price                                                               -              814                -             892
Adjustment for stock and options issued
  one year of January 29, 1996 in accordance
  with SAB 83                                                              467                -              467               -
                                                                      --------          -------          -------          ------
Weighted average common shares and
  outstanding                                                            6,546           11,033            6,534          11,111
                                                                      ========          =======          =======          ======

Income (loss) before extraordinary item                               $   (766)         $   690          $  (284)         $  798
Extraordinary item                                                           -             (735)               -            (735)
                                                                      --------          -------          --------          ------
Net income (loss) attributable to common
  stockholders                                                        $   (766)         $   (45)         $  (284)         $    63
                                                                      ========          =======          ========         =======

Per share amounts:
Income (loss) before extraordinary item                               $  (0.12)         $  0.06          $ (0.04)        $  0.07
Extraordinary item                                                           -            (0.06)               -           (0.06)
Net income (loss) attributable to common                              --------          -------          --------        -------
  stockholders                                                        $  (0.12)         $  0.00          $ (0.04)        $   0.01
                                                                      ========          =======          ========         =======
</TABLE>
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