<PAGE>   1


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[X]    Quarterly Report Pursuant to Section 13 or 15(d) of the
       Securities Exchange Act of 1934

For Period Ended                  March 31, 2000
                 ---------------------------------------------------------------

[ ]    Transition Report Pursuant to Section 13 or 15 (d) of the
       Securities Exchange Act of 1934

For the transition period from                      to
                               ---------------------  --------------------------

Commission File Number               333-76427
                      ----------------------------------------------------------

                          Panoramic Care Systems, Inc.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


              DELAWARE                                       84-1165714
       ------------------------                        ------------------------
       (State of Incorporation)                        (IRS Employer ID Number)

           5181 Ward Road                         Wheat Ridge,  CO      80033
----------------------------------------          ------------------------------
(Address of principle executive offices)             (city)   (state) (zip code)


                                 (303) 422-3886
                -------------------------------------------------
                Registrant's telephone number including area code


              ----------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)

Indicate by check mark whether the Registrant (1) has 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              NO X
                              ---             ---

Transitional Small Business Disclosure format (check one):

                           YES              NO X
                              ---             ---

The number of shares outstanding of the Registrant's $0.001 par value common
stock on May 5, 2000 was 4,880,000.


<PAGE>   2


                          PANORAMIC CARE SYSTEMS, INC.

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                        Page No.
<S>                                                                                     <C>
PART I. FINANCIAL INFORMATION

         Item 1.  Financial Statements                                                   3 - 7

         Item 2.  Management's Discussion and Analysis of Financial
                  Condition and Results of Operations                                    8 - 11

PART II. OTHER INFORMATION ITEM                                                            12
</TABLE>



<PAGE>   3


PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS

                          PANORAMIC CARE SYSTEMS, INC.

                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                          MARCH 31,         DECEMBER 31,
                                                                            2000               1999
                                                                         -----------        -----------
                                                                         (UNAUDITED)
<S>                                                                      <C>                <C>
                                                ASSETS
CURRENT ASSETS
     Cash and equivalents                                                $   175,500        $   119,684
     Accounts receivable:
        Trade, net of allowance for doubtful accounts                              -              9,000
        Subscription Receivable                                                    -                  -
     Prepaid expense and other                                                 8,068             17,856
                                                                         -----------        -----------
                           Total current assets                              183,568            146,540
PROPERTY AND EQUIPMENT, AT COST:                                             140,688            140,688
                                                                         -----------        -----------
     Less accumulated depreciation                                          (73,124)           (64,098)
                                                                         -----------        -----------
         Net property and equipment                                           67,564             76,590

CAPITALIZED SOFTWARE COSTS, net of accumulated
amortization of $19,800 and $0, respectively                                 415,994            456,981

 Deferred Financing Costs                                                     21,684                  -
TOTAL ASSETS                                                             $   688,810        $   680,111
                                                                         ===========        ===========
                                 LIABILITIES AND STOCKHOLDERS' EQUITY


CURRENT LIABILITIES:
     Accounts payable and accrued liabilities                            $   224,345        $   210,571
     Deferred revenue                                                        -                  -
                                                                         -----------        -----------
         Total current liabilities                                           224,345            210,571

STOCKHOLDERS' EQUITY
     Common stock, par value $.001 per share;
         authorized 50,000,000 shares; 4,880,000
         and 3,016,000 issued and outstanding
         March 31, 2000 and December 31, 1999, respectively                    4,880              4,875
       Additional paid-in capital                                          2,822,903          2,488,908
       Accumulated deficit                                                (2,363,317)        (2,024,243)
                                                                         -----------        -----------
         Total stockholders' equity                                          464,466            469,540
                                                                         -----------        -----------
TOTAL LIABILITIES AND
    STOCKHOLDERS' EQUITY                                                 $   688,810        $   680,111
                                                                         ===========        ===========
</TABLE>


Approved on Behalf of the Board:

/s/ Donald Muir                        /s/ Jill S. Flateland
--------------------                   --------------------------
Donald Muir                            Jill S. Flateland

    The accompanying notes are an integral part of the financial statements.

                                       3
<PAGE>   4


                           PANORAMIC CARE SYSTEMS, INC

                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                          FOR THE THREE MONTHS ENDED
                                                   MARCH 31,
                                          ---------------------------
                                            2000              1999
                                          ---------         ---------
<S>                                       <C>               <C>
REVENUES:
    Software license fees                 $       -         $       -
    Royalties                                     -                 -
    Consulting fees                               -                 -
    Other                                         -                 -
                                          ---------         ---------
      Total revenues                              0                 -

OPERATING EXPENSES
    Cost of Sales                                 -                 -
    Salaries and benefits                   172,342            49,909
    Management fee                                -                 -
    Product development costs                13,525             1,218
    Consulting fees                          28,259            22,076
    Recruiting fees                           4,064            60,500
    Other general and administrative        121,500            31,933
                                          ---------         ---------
                                            339,690           165,636

Operating loss                             (339,690)         (165,636)

OTHER INCOME (EXPENSE):
    Interest income                             617             2,540
                                          ---------         ---------
NET INCOME (LOSS)                         $(339,073)        $(163,096)
                                          =========         =========
BASIC AND DILUTED LOSS
    PER COMMON SHARE:                     $   (0.07)        $   (0.05)
                                          =========         =========

BASIC AND DILUTED WEIGHTED AVERAGE
SHARES OUTSTANDING                        4,875,110         3,116,000
                                          =========         =========
</TABLE>




    The accompanying notes are an integral part of the financial statements.

                                       4
<PAGE>   5


                          PANORAMIC CARE SYSTEMS, INC.

                        STATEMENTS OF STOCKHOLDER EQUITY
                    FOR THE THREE MONTHS ENDED MARCH 31, 2000
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                        COMMON STOCK            ADDITIONAL                            TOTAL
                                                  ------------------------       PAID-IN         ACCUMULATED       STOCKHOLDERS'
                                                   SHARES           AMOUNT       CAPITAL           DEFICIT            EQUITY
                                                  ---------         ------      ----------       -----------       -------------
<S>                                               <C>               <C>         <C>              <C>               <C>
BALANCE, December 31, 1999                        4,875,000         $4,875      $2,488,908       ($2,024,243)        $ 469,540

Issuance of stock pursuant to warrant                 5,000              5           4,995                 -             5,000
  conversion

Issuance of special warrants                              -              -         329,000                 -           329,000

Net loss for the Three months ended
  March 31, 2000                                          -              -               -          (339,073)         (339,073)
                                                  ---------         ------      ----------       -----------         ---------

BALANCE, March 31, 2000                           4,880,000         $4,880      $2,822,909       ($2,363,316)        $ 464,467
                                                  =========         ======      ==========       ===========         =========
</TABLE>




                                       5
<PAGE>   6


                          PANORAMIC CARE SYSTEMS, INC.

                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                            FOR THE THREE MONTHS ENDED
                                                                                                     MARCH 31,
                                                                                          ------------------------------
                                                                                             2000                 1999
                                                                                          ---------            ---------
<S>                                                                                       <C>                  <C>
CASH FLOW FROM OPERATING ACTIVITIES:
  Net loss                                                                                $(339,073)           $(163,096)
  Adjustments to reconcile net loss to net cash from operating activities:
      Contributed services                                                                        -                    -
      Depreciation & software amortization                                                   50,012                3,750
      Decrease in accounts receivable                                                         9,000                    -
      Increase in prepaid expenses                                                          (11,896)             (17,859)
      Increase (decrease) in accounts payable                                               (34,496)              51,282
      Increase in accrued liabilities                                                        48,269                    -
                                                                                          ---------            ---------
Net cash provided by (used in) operating activities                                        (278,184)            (125,923)

CASH FLOW FROM INVESTING ACTIVITIES:
      Purchase of property plant and equipment                                                    -              (56,222)
      Capitalized software costs                                                                  -             (109,376)
                                                                                          ---------            ---------
Net cash used in investing activities                                                             0             (165,598)

CASH FLOW FROM FINANCING ACTIVITIES
      Proceeds from issuance of special warrants                                            329,000               71,975
      Proceeds from conversion of warrants                                                    5,000
      Deferred Offering Costs                                                                                    (73,285)
      Stock subscriptions receivable                                                              -               99,400
                                                                                          ---------            ---------
  Net cash provided by financing activities                                                 334,000               98,090

NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS                                              55,816             (193,431)

CASH AND EQUIVALENTS, BEGINNING OF PERIOD                                                   119,684              350,122
                                                                                          ---------            ---------

CASH AND EQUIVALENTS, END OF PERIOD                                                       $ 175,500            $ 156,691
                                                                                          =========            =========
</TABLE>









    The accompanying notes are an integral part of the financial statements.


                                       6
<PAGE>   7


                          PANORAMIC CARE SYSTEMS, INC.

                          NOTES TO FINANCIAL STATEMENTS

1.       Interim Financial Information - Basis of presentation

         The accompanying financial statements of Panoramic Care Systems, Inc.
         (the "Company") have been prepared in accordance with generally
         accepted accounting principles for interim financial information and
         with the instructions for Form 10-QSB and Article 10 of Regulation S-B.
         The balance sheet as of March 31, 2000 and the statements of operations
         for the three ended March 31, 2000 and 1999, and the statements of cash
         flows for three months ended March 31, 2000 and 1999, are unaudited but
         include all adjustments (consisting of normal recurring adjustments)
         which the Company considers necessary for a fair presentation of the
         financial position at such date and the operating results and cash
         flows for those periods. Although the Company believes that the
         disclosures in these financial statements are adequate to make the
         information presented not misleading, certain information normally
         included in financial statements and related footnotes prepared in
         accordance with generally accepted accounting principles have been
         condensed or omitted pursuant to the rules and regulations of the
         Securities and Exchange Commission. The accompanying financial
         statements should be read in conjunction with the financial statements
         and notes included in the Company's 10-KSB filed with the Securities
         and Exchange Commission.

         Results for any interim period are not necessarily indicative of
         results for any other interim period or for the entire year. In the
         opinion of management, the accompanying unaudited financial statements
         contain all adjustments necessary to present fairly the financial
         position as of March 31, 2000 and the results of operations and
         statement of cash flows for the periods presented. These statements
         reflect all adjustments, consisting of normal recurring adjustments,
         which in the opinion of management, are necessary for fair presentation
         of information contained therein. The results of operations for the
         three month periods ending March 31, 2000 and 1999 are not necessarily
         indicative of results to be expected for the full year.

2.       Net Income (Loss) per Share

         Basic earnings (loss) per share are calculated by dividing the net loss
         by the weighted average common shares outstanding during the period.
         For purposes of computing diluted earnings per share, dilutive
         securities are not included when the effect is antidilutive.

         Options to employees to purchase 580,000 shares and warrants to
         purchase 1,326,057 shares of common stock were not included in the
         computation of diluted earnings per share because their effect was
         anti-dilutive for the period ending March 31, 2000.



                                       7
<PAGE>   8


                           FORWARD-LOOKING STATEMENTS

     Statements made in this Form 10-QSB that are not historical or current
facts are "forward-looking statements" made pursuant to the safe harbor
provisions of Section 27A of the Securities Act of 1933 ("The ACT") and Section
21E of the Securities Exchange Act of 1934. These statement often can be
identified by the use of terms such as "may," "will," "expect," "believes,"
"anticipate," "estimate," "approximate" or "continue," or the negative thereof.
The Company intends that such forward-looking statements be subject to the safe
harbors for such statements. The Company wishes to caution readers not to place
undue reliance on any such forward-looking statements, which speak only as of
the date made. Any forward-looking statements represent management's best
judgment as to what may occur in the future. However, forward-looking statements
are subject to risks, uncertainties and important factors beyond the control of
the Company that could cause actual results and events to differ materially from
historical results of operations and events and those presently anticipated or
projected. These factors include adverse economic conditions, entry of new and
stronger competitors, inadequate capital, unexpected costs and failure to
capitalize upon access to new markets. You should understand that various
factors, in addition to those discussed elsewhere in this document and in the
documents referred to in this document, could affect the future results of the
Company and could cause results to differ materially from those expressed in
such forward-looking statements. The Company disclaims any obligation
subsequently to revise any forward-looking statements to reflect events or
circumstances after the date of such statement or to reflect the occurrence of
anticipated or unanticipated events.

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

     The following is a discussion and analysis of Panoramic Care Systems, Inc.
financial condition and results of operations for the three months ended March
31, 2000 and 1999. We also discuss certain factors that may affect our
prospective financial condition and results of operations. This section should
be read in conjunction with the Condensed Financial Statements and the Company's
10-KSB which has been filed with the Securities and Exchange Commission and is
available from the Company at no charge.

     The company sells computer software and provides consulting services to
healthcare professionals to assist in identifying, estimating, and managing
costs and expenses related to the provision of patient care services in extended
stay healthcare facilities. The computer software uses patient symptoms to
develop a detailed treatment plan and forecast expected costs of treatment to
the healthcare provider.

     In the first quarter of 2000 the company took several steps to address the
weak sales results for 1999. These include: bringing on Don C. Muir as
President/CEO beginning February 1, 2000, adoption of an e-solutions business
model, and identification of target companies for either strategic partnering or
discussion relative to merger or acquisition.

     Mr. Muir brings to Panoramic Care Systems 17 years of diverse experience in
the healthcare industry covering business development, operations, information
systems and finance. In addition to holding executive level positions at several
major medical centers, he has founded several start-up healthcare companies and
is currently Chairman/President of Ohio Renaissance Healthcare Options, an Ohio
based managed care organization. Mr. Muir obtained an MBA from the University of
Florida (1981) and a B.S. in Public Health from Westchester University (1979).

     Because of several factors that apply in the healthcare industry, Panoramic
Care has adopted a business model that offers even more value than that of an
ASP or Application Service Provider. In this model the company will function as
a "general contractor" in transitioning all the necessary elements in the
customer organization to the new Internet based, thin-client technology and then
managing it thereafter. Centralized hosting of both Panoramic's and other "best
of breed" applications is provided through the ASP role, which may be internal
to Panoramic or sub-contracted. Internet connectivity/bandwidth, transaction
processing and on-site support will be provided by established companies with
installation coordinated by Panoramic. We believe that the key to long term
success in this business model is the quality and breadth of the
industry-specific content/software applications, knowledge base and the ability
to provide transaction processing.

     Given the above, discussions with several key acquisition and strategic
partnering targets in order to achieve the necessary breadth of content/software
applications and a critical mass of customers within the target vertical markets
have been initiated. We are hopeful that several of these discussions will
result in arrangements that will significantly improve Panoramic's position



                                       8
<PAGE>   9


within these respective vertical markets. On April 13, 2000 Panoramic Care
Systems signed a Letter of Intent to acquire Management Data Inc. ("MDI") of St.
Louis, Missouri, a provider of software accounting systems to the Long Term Care
market. Over the last three years MDI has achieved compounded revenue growth of
50% per year, while net income over the same period grew at an average of 149%.
MDIs 1999 revenues were more than $ 4.5 million with pre-bonus net income of
almost $1.8 million.

     Our limited operating history and the early stage of discussions with
prospective partners or acquisitions makes it difficult or impossible to predict
our revenue and operating results. We believe that our prospects should be
considered in light of the risks and difficulties encountered by early stage
companies that have yet to establish a sustainable position in the marketplace.
Our e-solutions business model and the associated acquisition and partnering
strategy may not be adequate to address these risks.

           RESULTS OF OPERATIONS FOR THREE MONTHS ENDED MARCH 31, 1999
                COMPARED TO THE THREE MONTHS ENDED MARCH 31, 1998

     Net revenue for the three months ended March 31, 2000 was $0. This was due
to the Company changing its focus to that of providing its software from direct
installs or license revenue to providing the software in an ASP (application
service provider). This compares to $0 revenue in 1999.

     General and Administrative Expenses (G&A) increased $174,054 or 105% from
$165,636 in 1999 to $339,690 for the quarter ending March 2000. Salaries and
benefits increased $122,434 from $49,909 in 1999 to $172,342 in 2000. This
increase in G&A expenses and salaries is associated with the hiring of
additional personnel and relocation to new office facilities in anticipation of
the release of ASP applications. Other Increases which occurred due to occupying
the facility for entire quarter versus one month in the first quarter of 1999
are as follows: Rent expense increased $7,825, Business Insurance increased
$8595 and software amortization increased $40,986. Travel expenses $24,888 over
the previous period due to travel incurred in the exploring possible strategic
relationship, targeting acquisition activities and sales related travel.

     Interest income decreased $1,922 for the three months ended March 31, 2000
from $ 2,540 in 1999 to $617 in 2000. This decrease is associated with
utilization of funds in support of operations.

     Net Loss was $339,073 for the three months ended March 2000, compared to
$163,096 net loss for the same period in 1999, or an increase of $175,977 loss
over the same period. The net losses are associated with the increased G&A
necessary to maintain a continued realignment of the business to support the
delivery of the application in an ASP environment. Losses are anticipated to
continue through the current fiscal year due to expenditures in attempting to
reposition the product to the market place.

     LIQUIDITY AND CAPITAL RESOURCES

     During the quarter the Company completed a private placement begun in
December 1999, the Company commenced a private placement of 625,000 special
warrants at $.56 to officers and friends of the company. Each special warrant
can be converted into one share of common stock with one-half warrant attached.
The Company accepted a subscription and issued 187,500 special warrants to an
officer of the Company resulting in the receipt of $104,887 net of issuance
costs of $113 in December 1999. The Company closed on $245,000 or 437,500
special warrant to officers and friends of the Company in February 2000. The
special warrant allows the warrant holder to have issued, at no additional
costs, one share of the Company's common stock for each special warrant
purchased.


     In March 2000, the Company commenced a private placement of 1,000,000
special warrants at $1.20. Each special warrant can be converted into one share
of common stock with one-half warrant attached. The Company accepted a
subscription and issued 70,000 special warrants to a friend of the Company
resulting in the receipt of $84,000. The Company closed on $1,116,000 or 930,000
special warrants of the private placement in April of 2000. The special warrant
allows the warrant holder to have issued, at no additional costs, one share of
the Company's common stock for each special warrant purchased.


                                       9

<PAGE>   10


     The Company currently has 580,000 stock options and 1,326,057 warrants
outstanding. All the options and warrants are exercisable at a price from, $.56
- $4.47 per share. If all stock options and warrants were exercised, the Company
would receive proceeds of $2,632,307. All of these funds would be available to
the Company as working capital.

Cash Flow

     During the three months ended March 31, 2000, cash increased by $55,817.
Net cash used in operating activities for the three months ended March 31, 2000
was $278,183 compared to $125,923 for the three months ended March 31, 1999. The
increase of $152,261 was primarily due to an increase in the net loss. This
resulted from additional employees hired to continue software development,
support and sales of the new product, and realignment of the product for the ASP
market.

     Net cash used in investing activities for the three months ended March 31,
2000 was $0 compared to $165,598 for the comparable period in 1999. The company
had completed its product in the previous quarter for the development required
for the ASP and no additional expenditures were required for fixed assets.

     Net Cash provided from financing activities for the three months ended
March 31, 2000 was $334,000 compared to $98,090 for the same period in 1999.
This increase is associated with the private placements, and exercise of stock
warrants.

     The Company will continue to capitalize software development costs
consistent with its strategy of the development of the software for the
marketplace.




                                       10
<PAGE>   11


PART II - OTHER INFORMATION

     Item 1.  Legal Proceedings

              Not applicable

     Item 2.  Changes in Securities

              Not applicable

     Item 3.  Defaults Upon Senior Securities

              Not applicable

     Item 4.  Submission of Matters to a Vote of Security Holders

         Not applicable

     Item 5.  Other Information

              Not applicable

     Item 6.  Exhibits and Reports on Form 8-K

              a)  Exhibits

                  27       Financial Data Schedule.

              b) Reports on Form 8-K.

                  During the quarter covered by this report, the Company filed
                  the following reports on Form 8-K.

                  None




                                       11
<PAGE>   12


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                             (Registrant)

Date: May 11, 2000                           /s/ Donald Muir
     ----------------                        -----------------------------------
                                             Donald Muir
                                             President, Chief Executive Officer

Date: May 11, 2000                           /s/ Kent A. Nuzum
     ----------------                        ----------------------------------
                                             Kent A. Nuzum
                                             Chief Financial Officer


                                       12

<PAGE>   13
                                 EXHIBIT INDEX

Exhibit No.                       Description
-----------                       -----------

    27                      Financial Data Schedule.