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                                                                    Exhibit 11.1


           HOME HEALTH CORPORATION OF AMERICA, INC. AND SUBSIDIARIES

          Computation of Primary and Fully diluted Earnings Per Share

               for the three and nine months ended March 31, 1997

                  The following calculation is submitted in 
                  accordance with the Securities Act of 1934:
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<CAPTION>
 
                                                 Three months ended                             Nine months ended           
                                                   March 31, 1997                                March 31, 1997             
                                           ----------------------------------           ----------------------------------- 
                                             Primary         Fully diluted                 Primary          Fully diluted   
                                           -----------    -------------------           ------------     ------------------ 
                                                              (amounts in thousands, except per share data)                 
<S>                                        <C>            <C>                           <C>              <C>                
Net income...........................         $1,567                 $1,567                 $3,613                 $3,613   
Dividends on preferred stock.........              -                      -                     (6)                     -   
Interest and dividends on                                                                                                   
   converted securities, net of tax..              -                      -                      -                     79   
                                           -----------    -------------------           ------------     ------------------ 
Net income available to common                                                                                              
   stockholders......................         $1,567                 $1,567                 $3,607                 $3,692   
                                           ===========    ===================           ============     ===================
                                                                                                                            
Weighted average number of maximum                                                                                          
   shares outstanding during                                                                                                
   period............................          8,678                  8,678                  8,359                  8,378   
Weighted average number of maximum                                                                                          
   shares subject to exercise under                                                                                         
   outstanding stock options and                                                                                            
   warrants, net of treasury shares                                                                                        
   assumed repurchased...............            148                    151                    148                    155   
Shares assumed issued in                                                                                                    
   connection with conversion of                                                                                            
   converted securities, as of the                                                                                          
   beginning of period...............              -                      -                      -                    201   
                                           -----------    -------------------           ------------     ------------------ 
Weighted average number of common                                                                                           
   and common equivalent shares                                                                                             
   outstanding.......................          8,826                  8,829                  8,507                  8,734   
                                           ===========    ===================           ============     ================== 
Net income per share.................          $0.18                  $0.18                  $0.42                  $0.42   
                                           ===========    ===================           ============     ================== 
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