<PAGE>   1


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                               ------------------

                                   FORM 10-QSB

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934
     For the Quarterly Period Ended December 31, 1997

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934


                        Commission File Number: 000-26740

                           AMERICAN HEALTHCHOICE, INC
                 (Name of small business issuer in its charter)

         New York                                         11-2931252
         --------                                         ----------
         (State or other jurisdiction of                  (I.R.S. Employer
          incorporation or organization)                  Identification number)

         1300 W. Walnut Hill Lane Suite 275, Irving, TX   75038
         ----------------------------------------------   ----- 
         (Address of principal executive offices)         (Zip code)

         Issuer's telephone number:  972.751.1900

         Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days.

         Yes [X]           No [ ]

         As of December 31, 1997, there were outstanding 9,870,614 shares of the
issuer's Common Stock, par value $.001 per share.

Transitional Small Business Disclosure Format

         Yes [X]           No [ ]

                                                                              1
<PAGE>   2



                           AMERICAN HEALTHCHOICE, INC.

                       QUARTERLY REPORT ON FORM 10-QSB FOR
                         QUARTER ENDED DECEMBER 31, 1997


                                      INDEX


<TABLE>
<CAPTION>
                                                                            PAGE
<S>                                                                         <C>
                                     PART I
                              FINANCIAL INFORMATION

Item 1.  Financial Statements
                   Condensed Consolidated Balance Sheets......................3
                   Condensed  Consolidated Statements of Income...............4
                   Condensed Consolidated Statements of Cash Flows............5
                   Notes to Condensed Consolidated Financial Statements.......6

Item II.  Management's Discussion and Analysis of Results of Operations and
                   Financial Condition........................................7

                                     PART II
                                OTHER INFORMATION

Item I.            Legal Proceedings.........................................10
Item II.           Changes in Securities.....................................10
Item III.          Defaults Upon Senior Securities...........................10
Item IV.           Submission of Matters to a Vote of Securities Holders.....10
Item V.            Other Information.........................................10
Item VI.           Exhibits and Reports of Form 8-K..........................10

Signatures...................................................................11
</TABLE>

                                                                               2
<PAGE>   3



                                     PART I
                              FINANCIAL INFORMATION

ITEM I.  FINANCIAL STATEMENTS

                           AMERICAN HEALTHCHOICE, INC.
                                AND SUBSIDIARIES

                      CONDENSED CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                       September 30,        December 31,
                                                                           1997                1997
                                                                                 (unaudited)
                                     ASSETS
<S>                                                                     <C>                 <C>         
CURRENT ASSETS:
   Cash                                                                 $  1,123,001        $    582,770
   Accounts Receivable, less allowance for doubtful accounts
      of $7,239,277 at September 30, 1997 and $ 7,645,596 at
      December 31, 1997                                                    8,701,643           8,392,423
   Advances and notes receivable                                             340,059             342,246
   Other current assets                                                      125,448             108,481
                                                                        ------------        ------------
             Total current assets                                         10,290,151           9,425,920
   Property and equipment, net                                             1,683,706           1,644,831
   Goodwill, net                                                             448,112             446,038
   Other assets                                                               15,460              15,460
                                                                        ------------        ------------
             Total assets                                               $ 12,437,429        $ 11,532,249
                                                                        ============        ============

                      LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
   Current portion of long-term debt                                    $    506,827        $    455,184
   Current portion of capital lease obligations                              133,453             100,940
   Accrued payroll and payroll taxes                                         266,464             279,339
   Accounts payable and accrued expenses                                   1,096,329             954,996
   Income taxes                                                               31,629                --
   Convertible debenture                                                   3,550,000           3,550,000
                                                                        ------------        ------------
              Total current liabilities                                    5,584,702           5,340,459
   Long-term debt, less current portion                                      471,465             471,465
   Capital lease obligations, less current portion                           311,085             308,702
                                                                        ------------        ------------
              Total liabilities                                            6,367,252           6,120,626

   Commitments

STOCKHOLDERS' EQUITY
   Preferred stock, $.001 par value; 5,000,000 shares authorized;
      none issued
   Common stock, $.001 par value; 115,000,000 shares authorized;
      9,870,614 shares issued and outstanding                                  9,871               9,871
   Options to acquire common stock                                           685,664             685,664
   Additional paid-in capital                                             12,003,258          12,003,258
   Accumulated deficit                                                    (6,628,616)         (7,287,170)
                                                                        ------------        ------------
                Total stockholders' equity                                 6,070,177           5,411,623
                                                                        ------------        ------------
                Total liabilities and stockholders' equity              $ 12,437,429        $ 11,532,249
                                                                        ============        ============
</TABLE>


                        See accompanying notes to these
         unaudited interim condensed consolidated financial statements.



                                                                               3
<PAGE>   4



                           AMERICAN HEALTHCHOICE, INC.
                                AND SUBSIDIARIES

                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME

<TABLE>
<CAPTION>
                                                     Three Months Ended
                                                        December 31,
                                                   1996               1997
                                               ------------------------------
<S>                                            <C>                <C>        
NET PATIENT REVENUES                           $ 2,530,623        $ 1,917,962
OPERATING EXPENSES:
   Compensation and benefits                     2,460,293          1,600,341
   Advertising and promotion                       181,342             88,263
   Depreciation and amortization                   112,047             67,219
   General and administrative                    1,499,529            903,572
                                               -----------        -----------
         Total operating expenses                4,253,211          2,659,395
                                               -----------        -----------

OTHER INCOME (EXPENSE):
   Interest Income                                    --                6,933
                                               -----------        -----------
         Total other income                           --                6,933
                                               -----------        -----------
LOSS BEFORE INCOME TAXES AND PRO FORMA
         INCOME TAXES                           (1,722,588)          (734,500)

INCOME TAXES:
   Current                                         (72,348)              --
   Deferred                                       (456,486)              --
                                               -----------        -----------
         Total income taxes                       (528,834)              --
                                               -----------        -----------

NET LOSS BEFORE PRO FORMA INCOME TAXES          (1,193,754)          (734,500)

   Pro forma income tax benefit                   (115,413)              --
                                               -----------        -----------

NET LOSS AFTER PRO FORMA INCOME TAXES          $(1,078,341)       $  (734,500)
                                               ===========        ===========

BASIC EARNINGS PER SHARE AFTER PRO FORMA
         INCOME TAXES                          $      (.15)       $      (.09)
                                               ===========        ===========

WEIGHTED AVERAGE COMMON SHARES
         OUTSTANDING                             7,228,865          8,082,426
                                               ===========        ===========
</TABLE>


                        See accompanying notes to these
         unaudited interim condensed consolidated financial statements.


                                                                               4
<PAGE>   5



                           AMERICAN HEALTHCHOICE, INC.
                                AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                           Three Months Ended
                                                                              December 31,
                                                                          1996               1997
                                                                      -------------------------------
<S>                                                                   <C>                <C>         
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net income                                                         $(1,193,754)       $  (734,500)
   Adjustments to reconcile net loss to net cash from
      operating activities:
         Allowance for doubtful accounts                                1,553,684            406,319
         Deferred taxes                                                  (528,834)              --
         Depreciation and amortization                                    112,047             67,219
         Gain on write off of note payable                                (79,363)              --
         Change in operating assets and liabilities, net:
            Accounts receivable-trade                                  (1,704,315)           (97,099)
            Other current assets                                          277,470            (16,967)
            Accounts payable and accrued expenses                         120,362           (160,087)
            Other, net                                                   (160,587)           109,881
                                                                      -----------        -----------
               Net cash used in operating activities                   (1,603,290)          (425,234)
                                                                      -----------        -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
   Advances and notes receivables, net                                       --               (2,187)
   Purchases of property and equipment                                   (306,256)           (26,272)
   Write off of goodwill                                                  160,000               --
   Other assets                                                              --                 --
                                                                      -----------        -----------
               Net cash used in investing activities                     (146,256)           (28,459)
                                                                      -----------        -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
   Proceeds from bridge loan                                            2,200,000               --
   Proceeds from capital leases                                           186,040               --
   Payments on notes payable and capital leases                          (831,370)           (86,538)
   Proceeds from sale of stock options                                     43,750               --
   Notes to stockholder                                                  (131,370)              --
   Proceeds from revolving credit                                         624,133               --
   Write off of note payable                                             (166,361)              --
                                                                      -----------        -----------
               Net cash provided (used) by financing activities         1,924,822            (86,538)
                                                                      -----------        -----------

Increase (decrease) in cash                                               175,276           (540,231)

CASH, beginning of period                                                 159,166          1,123,001
                                                                      -----------        -----------
CASH, end of period                                                   $   344,442        $   582,770
                                                                      ===========        ===========

SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS:
Stock subscription related to bridge loan                             $   970,200        $      --
                                                                      ===========        ===========
</TABLE>





                        See accompanying notes to these
         unaudited interim condensed consolidated financial statements.


                                                                               5
<PAGE>   6



                           AMERICAN HEALTHCHOICE, INC.
                                AND SUBSIDIARIES

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1.   ORGANIZATION, BUSINESS, AND OPERATING LOSSES

American HealthChoice, Inc. and subsidiaries (the Company) consists of a parent
company and twenty-two clinics providing medical, physical therapy, and
chiropractic services in San Antonio, McAllen, Brownsville and Houston, Texas,
New Orleans, Louisiana and in the metro area of Atlanta, Georgia. Additionally,
the Company owns one center that provides diagnostic services. Four of the
physical therapy clinics are statically located next to a corresponding
chiropractic clinic. Substantially all of the Company's revenues are derived
from chiropractic, physical therapy and medical services provided to individuals
living in the vicinity of the clinics.

2.   BASIS OF PRESENTATION

The accompanying condensed consolidated financial statements have been prepared
by the Company. Certain information and footnote disclosures normally included
in financial statements prepared in accordance with generally accepted
accounting principles have been condensed or omitted. In the opinion of the
Company's management, the disclosures made are adequate to make the information
presented not misleading, and the condensed consolidated financial statements
contain all adjustments necessary to present fairly the financial position as of
December 31, 1997, results of operations for the three months ended December 31,
1996 and 1997, and cash flows for the three months ended December 31, 1996 and
1997.

The results of operations for the three months ended December 31, 1997 are not
necessarily indicative of the results to be expected for the full year. It is
suggested that the December 31, 1997 financial information be read in
conjunction with the financial statements and notes thereto included in the
Company's Form 10-KSB dated September 30, 1997.

3.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Consolidation policy - The accompanying condensed consolidated financial
statements include the accounts of the Company and its wholly-owned
subsidiaries. All material inter-company accounts and transactions have been
eliminated in consolidation.

Net patient revenues - Revenue is recognized upon performance of services.
Substantially all of the Company's revenues are derived from personal injury
claims, claims filed on major medical policies, worker's compensation policies,
Medicare, and Medicaid. Allowances for discounts on services provided are
recognized in the periods the related revenue is earned. Allowances are
maintained at levels considered appropriate by management based upon historical
charge-off experience and other factors deemed pertinent by management.

Property and equipment, net - Property and equipment are stated at cost less
accumulated depreciation. Depreciation is provided over the estimated useful
lives of the related assets, primarily using the straight line method. Leasehold
improvements are amortized over the shorter of the lease term or the estimated
useful lives of the improvements.

Goodwill - Goodwill arose from the Company's acquisitions of various clinics and
is being amortized on the straight-line method over 20 years.

4.   STOCKHOLDERS' EQUITY

The Company granted an investment group the right to acquire an option to
acquire the Company's common stock at specified prices over a defined period of
time. The agreement provides for each option to be issued in exchange for
$100,000, which amount will be applied to the purchase of common stock, when and
if the option is exercised. The following is a summary of the terms of the
transaction:

<TABLE>
<CAPTION>
LAST                         NONREFUNDABLE                  POSSIBLE
OPTION                          FEE TO          TOTAL       EXERCISE
PURCHASE                        ACQUIRE       EXERCISE        PRICE
DATE                            OPTION          PRICE       PER SHARE
----                            ------          -----       ---------
<S>                           <C>             <C>             <C>   
March 18, 1996                $ 100,000       $ 750,000       $ 2.25
June 18, 1996                 $ 100,000       $ 750,000       $ 4.90
September 18, 1996            $ 100,000       $ 750,000       $ 4.90
December 18, 1996             $ 100,000       $ 750,000       $ 4.90
</TABLE>


                                                                               6
<PAGE>   7



As of September 30, 1997, the investment group has exercised all options under
the first three options. Under the terms of the fourth options, the investment
group has the right to purchase an additional 233,854 shares of the Company's
common stock at $4.90 per share. The Company has granted registration rights to
all of the shares issued and to be issued in connection with this transaction.

In September 1997 the Company sold two 8% Cumulative Convertible Debentures all
dated September 12, 1997 in the aggregate amount of three million five hundred
fifty thousand dollars ($3,550,000) in a Regulation S offering. The Debentures
are convertible after 82 days at a conversion price equal to eighty (80%) of the
average closing bid price of the shares of common stock of the Company as quoted
on NASDAQ for the five (5) trading days preceding the date of conversion. The
interest on the note is payable in cash or in kind as shares. The investment
banking firm received $461,500 for all fees. As of February 2, 1998, the
Debentures had not been converted. Financing costs including interest for the
Debentures was recorded in the fourth quarter and subsequent interest was
recorded in the first quarter 1998.

The holders of any preferred stock which might be issued shall have such rights,
preferences and privileges as may be determined by the Company's board of
directors. Currently there are no holders of preferred stock.

5.   PENDING ACQUISITIONS

The Company continually has groups approach the Company about the possibility of
merging or being acquired by the Company. Though the Company's efforts are
geared towards the current operations, the Company is now looking for
opportunities for growth. The Company has entered into letters of intent to
acquire various companies from time to time. These potential acquisitions are
subject to due diligence, further negotiations, execution of definitive
agreements and the success of the Company to obtain additional funds (total or
partial) for the acquisition price. Currently, there are no pending acquisitions
because management's attention over the last fiscal year was directed at the
Company's financial performance.


                                                                               7

<PAGE>   8



ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND 
          RESULTS OF OPERATIONS

GENERAL

The Company owns 22 clinics, four of which have combined physical therapy
clinics in the same location. Additionally, the Company owns one center that
provides diagnostic services. The clinics are located in three states: Texas,
Louisiana, and Georgia. This is a decrease of five clinics over the prior fiscal
year and are noted with an asterisk. The following chart details the clinics,
locations, metropolitan areas served, services provided, and date acquired or
commenced operation by the Company.

<TABLE>
<CAPTION>
                                                                            METROPOLITAN AREA
CLINIC                          LOCATION                SERVED              SERVICES PROVIDED        DATE ACQUIRED
------                          --------                ------              -----------------        -------------
<S>                             <C>                     <C>                 <C>                      <C> 
North East MediClinic           San Antonio, TX         San Antonio         primary medical care     12/95

Nationwide Sports & Injury      Katy, TX                Houston             physical therapy         10/94
United Health Services          Katy, TX                Houston             chiropractic             10/94

Nationwide Sports &
  Injury                        San Antonio, TX         San Antonio         physical therapy          7/94
United Health Services          San Antonio, TX         San Antonio         chiropractic              7/94

Nationwide Sports &
  Injury                        San Antonio, TX         San Antonio         physical therapy         10/94
United Health Services          San Antonio, TX         San Antonio         chiropractic             10/94

Nationwide Sports &
  Injury                        San Antonio, TX         San Antonio         physical therapy         10/94
United Health Services          San Antonio, TX         San Antonio         chiropractic             10/94

Corpus Christi Rehab            Corpus Christi, TX      Rio G. Valley       Chiropractic              5/96

San Pedro MediClinic            San Antonio, TX         San Antonio         primary medical care     10/94

South Bexar MediClinic*         San Antonio, TX         San Antonio         primary medical care,     1/95
                                                                            urgent care

Southcross MediClinic           San Antonio, TX         San Antonio         urgent care, primary     12/95
                                                                            medical care

United Chiropractic             New Orleans, LA         New Orleans         chiropractic              7/94
New Orleans East

United Chiropractic
Uptown                          New Orleans, LA         New Orleans         chiropractic              7/94

Peachtree Medical Center        Atlanta, GA             Atlanta             internal medicine         2/96
of Northside**

Peachtree Corners               Norcross, GA            Atlanta             primary medical care,     9/95
Medical Center                                                              urgent care

Peachtree Medical Center        Marietta, GA            Atlanta             internal medicine         2/96
of Windy Hill *

Peachtree Medical Center        Conyers, GA             Atlanta             primary medical care      2/96
of Conyers

Peachtree Medical Center        McDonough, GA           Atlanta             primary medical care      2/96
of McDonough

Valley Family Health            McAllen, TX             McAllen             chiropractic              1/96
Center

Valley Family Health            Weslaco, TX             Weslaco             primary medical care      7/96
Center *

University MediClinic *         College Station, TX     College Station     primary medical care      7/96

ACME Brownsville                Brownsville, TX         Rio G. Valley       chiropractic              7/96
Chiropractic

Corpus Christi Medical *        Corpus Christi, TX      Rio G. Valley       primary medical care      8/96

Southmost Medical Clinic        Brownsville, TX         Rio G. Valley       primary medical care      9/96

Disability Medicine             McAllen, TX             McAllen             primary medical care      7/96
</TABLE>


 *       Clinics closed in second quarter of 1997.
**       Clinic still operating but see "Item 3. Legal Proceedings".


                                                                               8
<PAGE>   9

FORWARD-LOOKING INFORMATION

This report contains certain forward-looking statements and information relating
to the Company that are based on the beliefs of the Company's management as well
as assumptions made by and information currently available to the Company's
management. When used in the report, words such as "anticipate," "believe,"
"estimate," "expect," "intend," "should," and similar expressions, as they
relate to the Company or its management, identify forward-looking statements.
Such statements reflect the current views of the Company with respect to future
events and are subject to certain risks, uncertainties, and assumptions relating
to the operations, results of operations, liquidity, and growth strategy of the
Company, including competitive factors and pricing pressures, changes in legal
and regulatory requirements, interest rate fluctuations, and general economic
conditions, as well as other factors described in this report. Should one or
more of the risks materialize, or should underlying assumptions prove incorrect,
actual results or outcomes may vary materially from those described herein as
anticipated, believed, estimated, expected, or intended.

RESULTS OF OPERATIONS

Comparison of three months ended December 31, 1997 to three months ended
December 31, 1996:

For the three months ended December 31, 1997, net revenues amounted to
$1,917,962 compared to $2,715,559 for the same period in 1996. Although this was
a decrease in net patient revenues of 24%, operating costs were decreased an
even greater 37%. These decreases from 1996 was a result of the Company's cost
reduction efforts over the past year which included the closure of five
unprofitable clinics. The Company's net patient revenues for the three months
ended December 31, 1997; as a percentage of total revenues, for medical,
chiropractic, and physical therapy services amounted to 57%, 37%, and 6%
respectively, compared to 51% and 49%, (physical therapy was not separated in
1996) respectively, for the three months ended December 31, 1996.

The Company's operations are labor intensive with salaries and benefits
comprising the single largest item in operations. For the three months ended
December 31, 1997, compensation and benefits were $1,641,341 compared to
$2,460,293 the three months ended December 31, 1996 or a decrease of $818,952 or
33.3%. This decrease is a direct result of the Company's cost reduction efforts
over the past year which included the closure of five unprofitable clinics.

General and administrative expenses for the three months ended December 31, 1997
was $903,246 compared to $1,499,529 for the three months ended December 31, 1996
or a decrease of $596,283 or 66%. This decrease again reflects the cost cuts
implemented by the Company. The Company is continuing its efforts to reduce
costs and boost revenues by updating fee sheets, restructuring marketing,
reducing and restructuring debt as much as possible; instituting a new budgetary
process for all clinics and corporate management, installation of a new computer
system to provide greater data management for accounts receivables, and
establishment of internal audit and collection administration functions to
provide consistency and procedural structure within the clinics. The Company
believes that the effect of these and other changes that are still being
implemented will be reflected to a greater extent in the upcoming quarters.

LIQUIDITY AND CAPITAL RESOURCES

As of December 31, 1997, the Company had cash and working capital of $582,770
and $4,084,461 respectively. The Company's primary current asset is accounts
receivable which represent amounts due from patients for services rendered.
Approximately 70% of the Company's accounts receivable at December 31, 1997
represent receivables from the delivery of chiropractic and physical therapy
services, of which the majority represent personal injury claims which are
typically collected once the lawsuit or claim to which they relate is settled.
As a result, the Company's collections on personal injury claims are often more
than a year after the services are rendered. This extended collection period can
and does cause cash flow difficulties. In addition, the Company has been
inadequately capitalized from inception to meet its current operational
requirements and to fund future acquisitions.


                                                                               9
<PAGE>   10



                           PART II. OTHER INFORMATION

ITEM I.   LEGAL PROCEEDINGS

The seller of Peachtree Medical Center Northside clinic has alleged contract
default by the Company and is claiming all rights to this clinic. The seller has
taken possession of the clinic to the exclusion of the Company. A suit was filed
in federal court by the seller, Dr. Bailey. The Company filed a counterclaim
which, among other claims, asks the Court to compel arbitration. Mediation did
not prove fruitful and as of December 1997 the Company is seeking arbitration.
Arbitration is with the American Association of Arbitration, Atlanta Ga., and
the case was filed in the United States District Court, Northern District of
Georgia, Atlanta Division.

The Company is engaged in litigation with a service supplier over unpaid
invoices. The suit was filed December 31, 1997. The Company believes that a
substantial portion of this claim is associated with the Northside clinic
litigation. The Company is still researching the merits of this claim. The case
is filed in the State District Court, 162nd Judicial District, Dallas County,
Tx.

The Company is engaged in litigation with the doctor who managed the Norcross,
Georgia clinic. The Company found it necessary to terminate the managing doctor.
The managing doctor then filed a claim against the Company for breach of
contract and sought an injunction to prevent the Company from enforcing its
non-compete clause. The Court declined to enter a temporary restraining order
against enforcement of the non-compete clause. The Company filed a counter claim
against the doctor primarily for losses the Company sustained while he managed
the clinic. The case is filed in the Superior Court of Gwinnett County, Ga.

One former doctor and two physicians assistants who worked at the Norcross,
Georgia clinic have filed a law suit naming the Company as a codefendant. The
one doctor and one of the physician assistants worked at the clinic prior to the
Company purchasing the clinic. The other physicians assistant left the clinic
within one year of the Company's purchase. The claim alleges a right to the
accounts receivable for patients the doctors treated at the clinic that were
collected after the doctors' employment ended with the clinic. The Company
denies any liability and intends to cross claim against the former managing
doctor of the clinic. The case is filed in the Superior Court of Gwinnett
County, Ga.

The Company was served a Complaint on January 26, 1998 alleging unspecified
damages arising from trademark infringement and related claims. The Company has
retained a law firm and is currently evaluating the allegations. The case is
filed in the United States District Court, Southern District of Texas, Houston
Division.

The Company is not involved in any other material litigation nor is management
aware of any pending litigation that would substantially impact the Company's
financial position

ITEM 2.   CHANGES IN SECURITIES

There were no changes in securities during the three months ended December 31,
1997.

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matter was submitted to a vote of security holders, through the solicitation
of proxies or otherwise, during the three months ended December 31, 1997.

ITEM 5.   OTHER INFORMATION

None.

ITEM 6.   EXHIBITS AND REPORTS OF FORM 8-K

The Company filed a report on Form 8-K on November 26, 1997 involved the
changing of auditors. Since December 31, 1997, no other Form 8-K's have been
filed.


                                                                              10
<PAGE>   11




                                   SIGNATURES

     In accordance with Section 13 or 15(d) of the Securities Exchange Act of 
1934, the Registrant caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.



                                AMERICAN HEALTHCHOICE, INC.

Date: February 10, 1998         By: /s/ Dr. J.W. Stucki
                                    Dr. J.W. Stucki, Chief Executive
                                    Officer and President

Date: February 10, 1998         By: /s/Jay R. Stucki
                                    Jay R. Stucki, Chief Financial Officer and
                                    Vice President - Finance
                                    (Principal Financial and Accounting Officer)


                                                                              11
<PAGE>   12
                               INDEX TO EXHIBITS

<TABLE>
<CAPTION>
Exhibit No.            Description
-----------            -----------
<S>                    <C>
27                     Financial Data Schedule
</TABLE>