CRA MANAGED CARE, INC.                      EXHIBIT 11
         Calculation of Shares Used in Determining Earnings Per Share
           for the Three and Six Months Ended June 30, 1995 and 1996
 (Unaudited)
 
 
 
                                                     THREE MONTHS ENDED         SIX MONTHS ENDED
                                                          JUNE 30,                  JUNE 30,
                                                   ----------------------    ----------------------
                                                     1995         1996         1995         1996
                                                   ---------    ---------    ---------    ---------
                                                                               
Weighted average number of shares of common                                 
 stock outstanding during the period               6,378,000    7,954,000    5,539,000    7,663,000
                                                                            
Common stock equivalents, under the                                         
 treasury stock method                               124,000      196,000      120,000      187,000
                                                   ---------    ---------    ---------    ---------
                                                                            
                                                   6,502,000    8,150,000    5,659,000    7,850,000
                                                   =========    =========    =========    =========