HEALTHGRADES COM INC
10-Q, EX-11, 2000-08-14
OFFICES & CLINICS OF DOCTORS OF MEDICINE
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                                                                    EXHIBIT 11

                     HealthGrades.com, Inc. and Subsidiaries

                        Computation of Per Share Earnings

<TABLE>
<CAPTION>
                                                   FOR THE           FOR THE            FOR THE           FOR THE
                                                    THREE             THREE               SIX               SIX
                                                   MONTHS            MONTHS             MONTHS            MONTHS
                                                    ENDED             ENDED              ENDED             ENDED
                                                JUNE 30, 2000      JUNE, 1999        JUNE 30, 2000      JUNE, 1999
                                                -------------     ------------       -------------     -----------
<S>                                             <C>               <C>                <C>               <C>
              Weighted average
                 Shares outstanding              21,522,105        15,686,434         17,512,743        16,031,953

              Effect of dilutive securities:
                 Employee stock options                  --           702,114                 --           351,149
                                                -----------       -----------        -----------       -----------

              Weighted average number of
                 Common shares and common
                 Share equivalents used in
                 Computation                     21,522,105        16,388,548         17,512,743        16,383,102
                                                ===========       ===========        ===========       ===========
              Net (loss) income                 $  (424,195)      $ 2,169,073        $(2,564,612)      $ 1,876,249
                                                ===========       ===========        ===========       ===========
              Net (loss) income per common
                 share (basic)                  $     (0.02)      $      0.14        $     (0.15)      $      0.12
                                                ===========       ===========        ===========       ===========
              Net (loss) income  per common
                 share (diluted)                $     (0.02)      $      0.13        $     (0.15)      $      0.11
                                                ===========       ===========        ===========       ===========
</TABLE>




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