<PAGE>
                                                                      Exhibit 11
               Universal Hospital Services, Inc. and Subsidiary


                 SCHEDULE OF COMPUTATION OF PER SHARE EARNINGS

                                  (Unaudited)

<TABLE> 
<CAPTION> 
                                            Three Months ended March 31,
                                            ----------------------------

                                                 1997         1996
                                               ----------   ----------
<S>                                         <C>            <C> 
Primary:

  Net income                                   $  888,636   $  922,636
                                               ==========   ==========    
                                                             
  Weighted average number of common                          
    shares outstanding during this period       5,377,048    5,445,270
                                                             
  Add common equivalent shares relating                      
    to outstanding options to purchase                       
    common stock using the treasury                          
    stock method                                  235,351      109,980
                                               ----------   ----------
  Weighted average number of common and                      
    common equivalent shares outstanding        5,612,399    5,555,250
                                               ==========   ==========
                                                             
  Primary net earnings per common share        $     0.16   $     0.17
                                               ==========   ==========
                                                             
                                                             
Fully Diluted:                                               
                                                             
                                                             
  Net income                                   $  888,636   $  922,636
                                               ==========   ==========
                                                             
  Weighted average number of common shares                   
    outstanding during this period              5,377,048    5,445,270
                                                             
  Add common equivalent shares relating to                   
    outstanding options to purchase common                   
    stock using the treasury stock method         273,775      109,980
                                               ----------   ----------
                                                             
    Weighted average number of common and                    
    common equivalent shares outstanding        5,650,823    5,555,250
                                               ==========   ==========
                                                             
  Fully diluted net earnings per common                      
    share                                      $     0.16   $     0.17
                                               ==========   ==========
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