1 EXHIBIT 11 MEDAPHIS CORPORATION COMPUTATION OF PRIMARY AND FULLY DILUTED PRO FORMA EARNINGS PER SHARE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 1996 (In Thousands, Except Per Share Data) THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, ------------- ------------- DESCRIPTION 1996 1995 1996 1995 ----------- ---- ---- ---- ---- PRIMARY AND FULLY DILUTED Weighted average shares outstanding during the period 71,665 57,696 71,123 55,962 ..................................................... Shares issuable upon assumed exercise of stock options, less amounts assumed repurchased under the treasury stock method....................................... -- -- -- -- --------- ------- -------- ------- Total weighted average common stock and common stock equivalents outstanding during the period..... 71,665 57,696 71,123 55,962 ========= ======= ======== ======= Pro forma net income (loss).......................... $ (36,370) $(2,723) $(19,954) $(7,354) ========= ======= ======== ======= Pro forma net income (loss) per common share......... $ (0.51) $(0.05) $(0.28) $(0.13) ========= ======= ======== =======