FORM 10-K(SB)

             SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C. 20549

        Annual Report Pursuant to Section 13 or 15(d)
           of the Securities Exchange Act of 1934
(Mark One)
[ x ]     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
     OF THE SECURITIES EXCHANGE ACT OF 1934 (Fee Required)

     For the fiscal year ended June 30, 2000

[   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
     OF THE SECURITIES EXCHANGE ACT OF 1934 (No Fee
Required)

     For the transition period from ____________ to _____________

                     Commission File No.
                           0-18113

              TENET INFORMATION SERVICES, INC.
   (Exact name of registrant as specified in its charter)

             UTAH                           87-0405405
(State or other jurisdiction              (I.R.S. Employer
of incorporation or organization)        Identification No.)

     4885 South 900 East #107
     Salt Lake City, Utah                       84117
(Address of principal executive office)      (Zip Code)

     Registrant's telephone number, including area code: (801) 268-3480


Securities Registered Pursuant to Section 12 (g) of the Act:

                        Common Stock
                      (Title of Class)

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 and 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.  (1) Yes_X__
No_____   (2)  Yes  X  No___

Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained
herein, and will not be contained, to the best of
Registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this
Form 10-K, or any amendment to this Form 10-K [   ].

The number of shares outstanding of the Registrant's Common
Stock as of June 30, 2000 was 19,065,892.

<PAGE>

                      TABLE OF CONTENTS
                                                             Page #
                                                             ------
PART I

     Item 1    Business                                         1

     Item 2    Properties                                       9

     Item 3    Legal Proceedings                                9

     Item 4    Submission of Matters to a Vote of
               Security Holders                                 9

PART II

     Item 5    Market for the Registrant's Common
               Equity and Related Stockholder Matters           9

     Item 6    Selected Financial Data                         10

     Item 7    Management's Discussion and Analysis of
               Financial Condition and Results of Operation    11

     Item 8    Financial Statements                            16

     Item 9    Changes In and Disagreements with
               Accountants on Accounting and Financial
               Disclosure                                      17

PART III

     Item 10   Directors, Executive Officers, Promoters
               and Control Persons of the Registrant:
               Compliance with Section 16)a) of the
               Exchange Act                                    17

     Item 11   Executive Compensation                          19

     Item 12   Security Ownership of Certain Beneficial
               Owners and Management                           21

     Item 13   Certain Relationships and Related
               Transactions                                    22

PART IV

     Item 14   Exhibits and Reports on Form 8-K                23


SIGNATURES


EXHIBITS                                                 Attached

<PAGE>

ITEM 1:   BUSINESS

General

In 1978, Telemed Cardio Pulmonary Systems ("Telemed")
purchased a pulmonary testing business based in Salt Lake
City, Utah.  Telemed's business was developed from research
performed at the University of Utah on computer applications
in medical data processing.  Telemed later became a division
of Becton Dickinson & Co.  ("Becton"), a conglomerate of
companies dealing primarily in disposable medical supplies.
Telemed's primary focus was in developing and marketing
diagnostic computer systems used in pulmonary testing and
analysis.

In 1983, Becton's management decided to sell the high
technology pulmonary and respiratory care business.  The
Company was organized on February 24, 1984 by employees of
Telemed to purchase Telemed's pulmonary and respiratory care
information services business.  In March 1984, the Company
purchased that business for cash and a promissory note
payable to Becton.  The Company then repositioned its
business to focus on providing the RCMS family of products,
with a view to offering cost-effective information systems
that allow health care institutions to provide better care
at less cost.  The Company built and serviced much of its
mini-computer based hardware and developed its own
proprietary software, all state of the art for the mid-
eighties.

By 1988, annual revenue had grown to $2.4 million and the
Company completed an initial public offering of its common
stock through Schneider Securities in 1989.  By September
15, 1989, 23 hospitals were using the Company's respiratory
care management systems (then referred to as "RCMS") and the
Company employed 23 full and part-time employees.

Over time, with improvements in computer hardware and
performance, the mini-computer based product became dated.
With the entrance of two P.C. based competitors, the market
shifted away from the Company's Respiratory product.  The
last RCMS sale was made in January 1991.  The Company
launched a technical development effort to create a new
generation of products and meet the competitive challenge.
New technology required new programmers, and in 1994 a new
senior management team was put in place.

A newly developed system, designated as the RCMS/X, was
designed to use off-the-shelf P.C. hardware, commercially
available software such as a UNIX operating system and the
ORACLE relational data base.  The system's open architecture
allowed it to share information easily with other computers
and networks.  In 1993, the first two Beta sites were
installed and the system was thoroughly tested.  In the
spring of 1995, after more than three years of development
and testing, a production system RCMS/X, including handhelds
and hospital interfaces was installed.  There have not been
any further installations of the RCMS/X since 1995, when the
Company decided to focus its development efforts on its new
Emergency Department Management System.

                                1
<PAGE>

Acquisitions:

International Healthcare Consulting Group Acquisition

Effective September 5, 1995, the Company acquired certain
assets of The International HealthCare Consulting Group
("HCG").  The assets acquired included certain accounts
receivable, equipment, software products and other
intangible assets.  In exchange for the assets acquired, the
Company agreed to issue 50,000 shares of its common stock
and assume $30,000 of debt.

In connection with the assets purchased, the Company also
entered into three-year employment agreements with HCG's two
principal shareholders and agreed to issue certain warrants
to purchase common stock and to grant certain options to
purchase common stock based on future performance.

HCG provides healthcare institutions, mainly hospitals, with
professional high-quality, cost effective, consulting
services, which produce a more efficient, lower cost care
delivery model while maintaining the highest quality of care
standards.  Consulting services are provided in the
following areas:

 .    Nurse Staffing and Patient Classification
 .    Cost Benefit Analysis for Computerized Patient Records (CPR)
 .    Productivity
 .    Cost Accounting
 .    Operations Assessment
 .    Modeling and Simulation

National Microcomputer Corporation Merger

On September 29, 1995, the Company and National
MicroComputer Corporation ("NMC") approved the terms of an
Agreement and Plan of Reorganization (the "Agreement")
pursuant to which NMC was merged with and into Tenet Merger
Subsidiary, Inc., a wholly owned subsidiary of the Company
incorporated for the purpose of effecting the merger.  NMC
developed and marketed an integrated information
management/patient tracking system (EDNet) designed
specifically for use in emergency departments.

Emergency Department Network System

Dr. Richard Gwinn, MD, an emergency medicine professional,
founded NMC in California in 1979.  NMC originated the
concept of a computerized patient tracking and information
management system dedicated to emergency department
operations.  The Emergency Department Network ("EDNet") was
first developed in 1989.  Early versions ran on highly
proprietary hardware and software with limited flexibility
and functionality.

                                2
<PAGE>

In 1991, a decision was reached to completely rewrite and
expand the original EDNet software.  The first installation
of EDNet, version 3, occurred in April 1992.  This version
was designed for IBM compatible PCs and utilized standard
operating systems and database software.  With this version
the cost of ownership of EDNet was reduced substantially.

EDNet, is an integrated information management/patient
tracking system designed specifically for use in emergency
departments.  It is a collaborative information management
tool used in real time by clinical and management personnel
to collect data and provide information at the most
efficient points in the patient care process.  Demographic
information is collected at registration either by way of an
interface from the main hospital information system
registration function or directly through the EDNet
registration process.  Clinical flow information is
generated and recorded through the tracking system and at
the time of discharge through use of custom configured
discharge routines.  Auxiliary data may be added at any
time.  Information is stored in linked relational databases,
which are completely open and non-proprietary, accessible
both within the system and through other compatible
applications on a shared basis.

EDNet is currently in its fifth release, (EDNet 32) as a
Windows 95/98/NT/2000 compliant product.  Recent
enhancements include discharge aftercare instructions
database, a user-sortable patient tracking display and the
development of triage assessment protocols, auto faxing, and
auto paging. EDNet 32 for Windows was released in the spring
of 1998.

System Architecture - EDNet32 is written in C++ using the
Borland's C++ Builder design environment.  For smaller
installations, the application utilizes the Borland Database
Engine and Paradox 7/8 tables.  This configuration requires
a Novell 4.x/5.x server and Windows 95/98 workstations.  For
larger installations, or NT installations, EDNet32 is
configured using Microsoft's ADO components to attach
directly to MS SQL Server 7.0 on an NT server.  Using the
ADO components allows the system to bypass ODBC calls, thus
improving performance.  The system architecture and the use
of C++ Builder design environment allows the application to
attach to other client/server products through native
drivers should a client require a database engine other than
MS SQL Server.

Hardware - EDNet32 Version 5.x runs on a standard Novell
network (3.11 or better) or Microsoft NT Server with Windows
95 or later workstations.  The Company recommends a Pentium-
based server with at least 10 GB of disk storage capacity.
The server should be equipped with mirrored drives for data
security and devices for backup and archive storage.  The
server should be supported by an intelligent uninterruptible
power supply (UPS).  The server must be suitable for use
with Novell Network, v.4.1/5.x or NT.  Network hardware
should be certified by Novell/Microsoft.

Individual workstations should be Pentium 300 MHz or better,
with at least 128MB of RAM.   Workstations must fully
support SVGA color graphics.  Stations should have Windows
installed.  In addition to the appropriate number of end-
user workstations, Tenet recommends a dedicated station for
remote access communication and a dedicated station for

                                3
<PAGE>

interfaces from the hospital-wide information system.  A 56K
baud modem or Internet communication is required for 24 x 7
support.  PC Anywhere should be installed on the
communications station.

Tracking Functions - The EDNet Patient Tracking module
replaces the grease board, chalk board, magnets and markers
with an on-screen display, continuously updated and
distributed throughout the Emergency Department.

The EDNet Patient Tracking module is the heart of the EDNet
System.  EDNet status screens are distributed throughout the
emergency department so up-to-the-second information on
every patient is available at a glance from wherever
providers are currently working.  There is no need to return
to a central point to check on the status of orders,
determine which patients have priority, or discover the
types of problems that have just been presented at Triage.
Updates from Triage, Registration, Order Communications and
Discharge are displayed immediately throughout the emergency
department.

EDNet provides color coded status screens for designated
emergency department areas such as Triage, Registration,
Treatment1, Treatment2, Trauma, Pediatrics, Major Medical,
Fast Track, Holding, Out in the Hall, etc.  During system
configuration customers determine how to designate emergency
department areas on their EDNet System.

Following installation of EDNet, the department becomes
quieter and less hectic.  Communication among staff is
facilitated by convenient interaction with the EDNet System
and vital information is not erased, but instead, recorded.

Time and Motion - EDNet Tracking Module keeps a time stamp
record of every patient visit.  The system automatically
records triage time, the time a patient is registered, the
time when a patient is made ready to be seen, a patient is
seen by a physician, orders are placed, orders acknowledged,
results available, the order is cleared and three specific
events in the discharge process.  Time stamps and all
associated data become available for various analytical
studies.  The goal is an accurate picture of emergency
department operations, greater efficiency, lower waiting
times, faster turn around on orders, and improved patient
care.

Triage Function - EDNet provides the ability to create
triage procedures that meet requirements for intake and
initial assessment of ambulatory patients.  This function is
separate from but fully integrated with the Registration
Module. Triage may take place either before or after patient
registration, as the patient's medical condition requires.
Data is merged when both functions have been completed.  The
triage assessment function contributes to the EDNet database
to improve the quality management, research and outcome
tracking.

Order Entry Module - Automating the order process while
maintaining a database offers department managers improved
turn around times and may significantly impact costs.  EDNet
Order Entry Module (Optional) allows users to automate the
order requisition process while simultaneously completing a
detailed database entry for all departmental orders.

                                4
<PAGE>

Physicians and nurses gain a simple, consistent means of
entering order information and generating a requisition when
appropriate.  Unit clerks and technicians receive consistent
print or screen-based output.

Order status indicators display on the EDNet Tracking
Screens and detailed query capability is always available.
Providers will know precisely the elapsed time between steps
in the order process.  EDNet Order Entry software records
four time stamps in the permanent database:  Order placed,
Order acknowledged, Results available and Results reviewed.
EDNet Report Writers can be used to examine the order
process in detail to improve turn around times, minimize
unnecessary procedures and generate a wide variety of
routine reports and ad hoc studies.

The EDNet Order Entry Module can be interfaced with
laboratory or other ancillary departmental systems or with
the main hospital information system (HIS). The Standard
Order Status Interface carries automated status notification
flags from HIS order communications software to the EDNet
Tracking Screens.  Additional interface capability is
offered on a custom basis.  All EDNet interfaces are
available in HL-7 format.

Prescription Function - EDNet Prescription Writer generates
printed, signature ready prescriptions at discharge or at
any time during or after the patient visit.  Warnings and
instructions relating to prescribed medication may be
automatically incorporated into patient discharge
instructions.

The significance of an integrated prescription writer
extends far beyond the printing of the prescription itself.
As the prescription information is input, database files are
simultaneously completed.  These database files may be used
for many important medical and quality management functions
such as follow up of culture results, utilization summaries,
formulary management, and analysis of patterns of antibiotic
sensitivities.

Data tables are established during system configuration.
Typically menus list physicians, drug category, formulary,
quantity, dosage, frequency and special instructions.
Password security can be applied.  Charges for each
medication may be indicated if desired.  Data tables can be
easily updated by emergency department managers, information
services personnel, or by the Tenet support staff, using
remote access capability.

Charge Entry Module - Recording charges at the point of
service reduces lost revenues and produces an accurate
record which can be used to verify payments.

EDNet Charge Entry Module (optional) allows users to enter
charges at any time during the patient visit.  Charges may
also be recorded during the discharge process or in a batch
mode after a visit.  EDNet records charges in a specialized
data base table that can be configured to generate a
flexible report of charges for individual patients, all
patients or special subsets of patients.  Reports can
describe specific visits; a daily summary of all visits or
various date and hourly ranges may be selected.  Authorized
personnel configure reports through a selection of menus.
Reports may be viewed on the screen, printed or sent to a
computer file in HL-7 format for transmission to the
hospital billing function.

                                5
<PAGE>

Discharge Functions - EDNet aftercare instructions are
selected from a database of more than 1,000 aftercare
instructions and are printed individually for each patient.
Instructions are available in both English and Spanish.
English instructions may be selected for either a fifth
grade reading level or a ninth grade reading level.

EDNet Discharge Module is extremely flexible.  During
configuration, various discharge procedures are created to
handle standard discharge, hospital admission, transfer,
workers compensation cases, trauma registry and other
situations.  A comprehensive ICD-9 code database is
available.  Various database menus may be included to record
additional details of a patient visit.

Hospitals may wish to accompany the discharge instructions
with pertinent information about the facility.  Individual
instructions are stored in an extensive database, and are
chosen from a menu where they can be catalogued by a
physician, and related to ICD-9 codes.  Free-form
instructions are fully supported and multiple instructions
may be selected.  Instruction sets may be imported from
other discharge instruction generating systems.

Multiple languages are supported by the system.  Any set of
discharge instructions kept in the database, in up to 26
languages and variations, may be selected upon discharge.
The discharging personnel need not be familiar with that
language.

Management Report Writer - The EDNet system can be
configured to exceed all applicable JCAHO requirements.
Data is collected consistently, for all patients, all the
time, without the need for redundant entry or additional
staff.

EDNet contains an open, relational database configured to
create a variety of standard and recurring reports and
available for ad hoc inquiries as well.  EDNet will generate
and recall logs, routinely run statistical and comparative
analyses and with the recently added Crystal Reports
feature, display graphical reports to answer management
questions without paging through charts and medical records.
Virtually any type of report desired can be constructed from
the standard report writing menus or by using the ad hoc
report writing capability of the databases.

Other Features of the latest version, EDNet32 include auto
faxing, auto paging, industrial medicine components, forms
management and the like.


Marketing

The Company's marketing efforts are directed at broadening
the market for its products by increasing awareness among
directors of emergency departments and chief information
officers.  In support of its sales efforts, the Company
conducts programs that include advertising, direct mail,
trade shows and ongoing customer communications programs.
The Company also keeps its customers informed of advances in

                                6
<PAGE>

the field through e-mail and other mailings.  The Company
maintains a Web site on the Internet that provides Company
and product information for its products.
(www.Tenetinfo.com).

The position of Vice President of Sales is vacant and is
currently being filled by the President of the company.

As of June 30, 2000, the Company had sold its EDNet product
to 25 emergency department and urgent care sites.  All sites
have annual maintenance contracts for continued support and
updates.  As of June 30, 2000 the Company was in the process
of installing EDNet32 upgrades at 5 additional sites and 1
installation at a new client.

The Consulting division provides consulting support to major
hospitals throughout the country.  These services consist
primarily of cost benefit evaluations, patient
classification for nursing, and productivity management for
all other departments.  Consulting services are charged on a
negotiated fee basis.  As of June 30, 2000 the Company was
providing consulting services to three hospitals, two of
which are industry "Top 100" Hospitals.  One of the "Top
100" Hospitals has received "magnet" designation, which only
13 hospitals in the country have received.

The Company believes that high-quality customer service and
technical support are essential competitive factors in its
marketplace. Through its training, consulting, maintenance,
and support services, Tenet is aware of customers' needs and
strives to provide services that will maximize the results
achieved by customers using Tenet's products.  Maintenance,
support, and training also provide valuable feedback that is
used to refine, enhance, and develop Tenet's products.
Customers receive maintenance support from a staff of
experienced customer specialists via a telephone "hot line".
Annual maintenance contracts are required at each site and
are provided for a fixed price.  Included in the annual
maintenance contracts are periodic product upgrades and
feature/function enhancements.  New modules are furnished at
an additional cost.

EDNet 32 Product Development

Development efforts are focused on the enhancement of the
EDNet 32 product.  Research is being conducted on the
integration of nursing and physician documentation.  Voice
recognition and radio frequency are being investigated as
possible product enhancements.  An inpatient nursing
application, (IntelliChart), building upon existing EDNet 32
software, is being beta-tested at a major consulting client
site.  IntelliChart utilizes the main library set of EDNet32
to provide inpatient-nursing units with a real time patient
tracking system.  The primary focus of IntelliChart is to
provide the nursing staff an automated methodology to
determine patient dependency.  Patient dependency is
determined based upon the patient's care needs and is
translated into staffing requirements on shift and staff
skill level basis.

EDNet 32 is also migrating to a true client server based
version, which will greatly enhance the durability of the
product.  A majority of the development effort has been
expended on this enhancement.

                                7
<PAGE>

The Company's future success will depend on its ability to
continue to enhance its current product line and to continue
to develop and introduce new products that keep pace with
competitive product introductions and technological
developments, satisfy diverse and evolving customer
requirements and otherwise achieve market acceptance.

Protection of Proprietary Rights

The Company holds a registered trademark on the name
"IntelliChart".  In addition, the Company expects to seek
certain patent, trademark and/or copyright protection in the
further development of its new products, if appropriate.
The Company has entered into non-disclosure agreements with
employees, consultants and customers to protect its
proprietary technology.

Capital Stock

The Company's Articles of Incorporation authorize the board
of directors, without shareholder approval, to issue up to
1,000,000 shares of preferred stock with such rights and
preferences as the board of directors may determine in its
discretion.  The board of directors has the authority to
issue shares of preferred stock having rights prior to the
common stock with respect to dividends, voting and
liquidation.

The current authorized common stock of the Company is
100,000,000 shares.

Employees

At June 30, 2000, the Company employed eight full-time
employees, one part-time employee and several independent
service contractors.  The number of employees and their
responsibilities are as follows:  two professional, five
technical, and one administrative.

Competition

The health care information systems industry is highly
competitive.  There are many companies of considerable size
and expertise that could enter the Company's market for
emergency management systems.  The Company is aware of
competing emergency department information systems.

                                8
<PAGE>

The Company's products target the emerging market for
computerized patient and data management products in
hospital and urgent care settings.

The Company faces direct competition in the emergency
department market from several other firms.  Many of these
competitors have significantly greater resources, name
recognition and larger installed bases of customers than the
Company.

As a result, these potential competitors may be able to
devote greater resources to the development, promotion and
sale of their products than the Company.

The Company believes that it is imperative that it be
competitive in service and product performance.  The Company
stresses customer service wherever the product is placed.

With the enhancements to the capabilities of networks, the
Company has determined it must adopt new technology in order
to continue to compete effectively in the large hospital
marketplace.  As discussed in Product Development, the
Company is further developing and converting its products.
This effort is expected to enable the Company to compete in
this marketplace.


ITEM 2:   PROPERTIES

The Company's headquarters and operational facilities are
located in Salt Lake City, Utah.  The Company leases
approximately 3,490 square feet of office space at a cost
$4,050 per month.  This is pursuant to a lease that expires
on November 30, 2000.


ITEM 3:   LEGAL PROCEEDINGS

The Company is not a party to any material pending legal
proceedings, nor to the knowledge of management, is any
litigation threatened against the Company.


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

     None

PART II

ITEM 5:   MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
          STOCKHOLDER MATTERS

The Company's Common Stock began trading in the over-the-
counter market in May 1989.  Prices were quoted on the
National Association of Security Dealers Automated Quotation

                                9
<PAGE>

System ("NASDAQ") under the symbol "TISI" until November 1,
1991 at which time the Company was suspended from NASDAQ for
untimely filings and inadequate financial resources.  On
September 3, 1996, the symbol was changed to "TISV."

Just prior to its suspension from NASDAQ on November 1,
1991, the reported closing bid and asked prices of the
Company's Common Stock were $.03125 and $.0625,
respectively.  In 1996 limited public trading of the
Company's Common Stock resumed with price quotations
available on the over the counter "bulletin board".  During
fiscal year ended June 30, 2000 a limited number of shares
traded on the bulletin board market at a price range of
$0.05 to $0.40.  The number of shareholders of record for
the Company's Common Stock as of June 30, 2000 was 321 which
include depositories and broker/dealers who hold shares of
Common Stock in "nominee" or "street" names.


ITEM 6:   SELECTED FINANCIAL DATA

The selected financial data as of and for the fiscal year
ended June 30, 1996 has been derived from the Company's
financial statements, which had been audited, by Arthur
Andersen, LLP, independent public accountants.  Financial
Data for fiscal years ended June 30, 1997, 1998, 1999 and
2000 has been derived from the Company's financial
statements which have been audited by Hansen Barnett &
Maxwell, independent public accountants.  The following
selected financial data should be read in conjunction with
the financial statements and accompanying notes appearing
elsewhere in this Form 10-KSB.

Statement of Operations Data
                                     Year Ended June 30,
                        ------------------------------------------------
                          2000      1999      1998      1997      1996
                        --------  --------  --------  --------  --------
                              (In thousands, except per share amounts)
                              ----------------------------------------

Revenues                  $770      $879      $ 676     $ 757    $ 1,054
Gain (loss) from
    operations              15        58        (48)     (431)      (571)
Net gain (loss)              9        69        (41)     (435)    (1,132)
Net gain (loss) per
    common share          0.00      0.00       (.00)     (.03)      (.11)

Balance Sheet Data
                                   As of June 30,
                        ------------------------------------------------
                          2000      1999      1998      1997      1996
                        --------  --------  --------  --------  --------
                                         (In thousands)
                                         --------------
Working capital
 (deficit)                (179)     (180)      (292)   $ (470)   $  (319)
Total assets               210       195        101        95        573
Long-term obligations       39        51          -         -          4
Stockholders' equity
  (deficit)               (199)     (208)      (286)     (453)      (106)

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<PAGE>

ITEM 7:   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
          CONDITION AND RESULTS OF OPERATIONS

General

The following discussion contains forward-looking statements
regarding the company, its business, prospects and results
of operations that are subject to risks and uncertainties
posed by many factors and events that could cause the
company's actual business, prospects and results of
operations to differ materially from those that may be
anticipated by such forward-looking statements.  Factors
that might cause such differences include, but are not
limited to, those discussed herein as well as those
discussed under the captions "risk factors" and "business"
as well as those discussed elsewhere in this prospectus.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date
of this report.  The Company undertakes no obligation to
revise any forward-looking statements in order to reflect
events or circumstances that may subsequently arise.
Readers are urged to carefully review and consider the
various disclosures made by the company in this report and
in the company's other reports filed with the securities and
exchange commission that attempt to advise interested
parties of the risks and factors that may affect the
company's business.

As of June 30, 2000, the Company had sold its EDNet product
to 25 emergency department and urgent care sites.  All sites
have annual maintenance contracts for continued support and
updates.  As of June 30, 2000 the Company was in the process
of installing EDNet32 upgrade at 5 additional sites and 1
installation at a new client.

On October 24, 1998 the Company signed a consulting contract
with a client in the Southwest to develop and install
IntelliChartr, an inpatient nursing product.  IntelliChart
utilizes the main library set of EDNet32 to provide
inpatient nursing units with a real time patient tracking
system.  The primary focus of IntelliChart is to provide the
nursing staff an automated methodology to determine patient
dependency.  Patient dependency is determined based upon the
patient's care needs and is translated into staffing
requirements on shift and staff skill level basis.


Results of Operations

Fiscal 2000 Compared with Fiscal 1999

During fiscal year 2000, the Company had revenues of
$770,347, which represented a decrease of $108,621 or 12%
from revenues of $878,968 for the prior fiscal year.  The
following table presents the components of revenues for
fiscal 2000 and 1999.

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<PAGE>

                                          ACTUAL
                     ------------------------------------------------
                                                             Percent
                                                 Increase    Increase
REVENUES               FY 00         FY 99      (Decrease)  (Decrease)
                     --------      ----------   ----------  ----------
EDNet Systems        $555,352      $  587,604   $ (32,252)      (5%)
RCMS Systems           27,053         124,206     (97,153)     (78%)
Consulting            187,942         167,158      20,784       12%
Total                $770,347      $  878,968    (108,621)     (12%)


The following table details cost of revenue by product,
comparing the prior fiscal year as shown on financials.


                              2000          1999      Increase
                                                     (Decrease)
                          --------       --------    ----------
EDNet System and          $236,853       $269,213     ($32,360)
RCMS & RCMS/X systems
Consulting                  96,761         69,925      $26,836
Total                     $333,614       $339,138       (5,524)

Cost of revenues declined to $333,614, down 2% for fiscal
year 2000 compared with $339,138 for the previous fiscal
year.  Costs of revenues related to the EDNet System and
Respiratory System for fiscal year 2000 were $236,853,
giving the system revenue products a gross margin of 59%.
This compares to cost of revenues of $269,213 with a gross
margin of 62% for the prior twelve-month period.  Overall
gross profit for the fiscal year 2000 was 57% compared to
61% for the prior year.  This modest decline was due to the
termination of the RCMS product line.

Selling, general and administrative expenses decreased by
$95,998 or 34%, to $184,120 for fiscal year 2000 compared
with $280,118 for the previous fiscal year.  This decrease
resulted from personnel and expense reductions related to the
decline in revenue. Software development expenses increased
by $36,124 or 18%, to $237,450 for fiscal year 2000 from
$201,326 for fiscal 1999. This increase is the result of the
company adding new features to the EDNet product line.

As a result of the above factors, the net income from
operations was $15,163 for fiscal year 2000 compared with
income of $58,386 for fiscal year 1999.

Net interest expense declined slightly to $6,200 from $6,584
for the prior fiscal year.

Net income was $8,963 or $.00 per share for fiscal year 2000
compared with a net income of $68,705 or 0.00 per share for
fiscal year 1999.

                                12
<PAGE>

Liquidity and Capital Resources

The Company's cash position decreased from $32,039 to
$14,610 during its fiscal year 2000.  The Company had a
working capital deficit of $179,178 as of June 30, 2000, as
compared with a deficit of $180,257 as of June 30, 1999.
Operating activities used $10,010 for the fiscal year ended
June 30, 2000 as compared to providing $36,050 in the
corresponding period of the prior fiscal year.  The Company
received advances from related parties of $8,866 during the
year ended June 30, 2000 as compared to no advances during
the year ended June 30, 1999. There were debt payments of
$11,737 during the fiscal year ended June 30, 2000 as
compared with $661 for the corresponding period of the
previous year.

While a portion of the current liabilities, approximately
$17,000, is owed to present officers and/or directors, there
can be no assurances that these officers/directors will not
seek payment in the near term.

Inflation has not had a significant impact on the Company's
operations.

Item 7A:  Market Risk Sensitive Instruments
          N/A

                                13
<PAGE>

ITEM 8:   FINANCIAL STATEMENTS

     Index to Financial Statements


Report of Independent Public Accountants                        F-1

Consolidated Balance Sheets as of June 30, 1999 and 1998        F-2

Consolidated Statements of Operations for the Years Ended
June 30, 1999,and 1998                                          F-3

Consolidated Statements of Shareholders' Equity for the
Years Ended June 30, 1999, and 1998                             F-4

Consolidated Statements of Cash Flows for the Years Ended
June 30, 1999, and 1998                                         F-5

Notes to Financial Statements                                   F-6

                                14
<PAGE>


HANSEN, BARNETT & MAXWELL
  A Professional Corporation
 CERTIFIED PUBLIC ACCOUNTANTS

                                                   (801) 532-2200
Member of AICPA Division of Firms                 Fax (801) 532-7944
      Member of SECPS                        345 East 300 South, Suite 200
Member of Summit International Associates    Salt Lake City, Utah 84111-2693


       REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

To the Board of Directors and the Stockholders
Tenet Information Services, Inc.

We  have  audited  the accompanying consolidated balance  sheet  of
Tenet   Information  Services,  Inc.  (a  Utah   corporation)   and
subsidiary  as  of  June  30, 2000, and  the  related  consolidated
statements of operations, shareholders' deficit and cash flows  for
the  years ended June 30, 2000 and 1999. These financial statements
are   the   responsibility   of  the  Company's   management.   Our
responsibility  is  to  express  an  opinion  on  these   financial
statements based on our audits.

We  conducted  our  audits  in accordance with  auditing  standards
generally  accepted in the United States. Those  standards  require
that  we plan and perform the audits to obtain reasonable assurance
about  whether  the  financial  statements  are  free  of  material
misstatement.  An  audit  includes  examining,  on  a  test  basis,
evidence  supporting the amounts and disclosures in  the  financial
statements.  An  audit  also  includes  assessing  the   accounting
principles  used and significant estimates made by  management,  as
well as evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.

In  our opinion, the consolidated financial statements referred  to
above  present  fairly,  in all material  respects,  the  financial
position of Tenet Information Services, Inc. and subsidiary  as  of
June  30, 2000, and the results of their operations and their  cash
flows for the years ended June 30, 2000 and 1999 in conformity with
accounting principles generally accepted in the United States.



                                   HANSEN, BARNETT & MAXWELL

Salt Lake City, Utah
September 15, 2000

                                F-2
<PAGE>


        TENET INFORMATION SERVICES, INC. AND SUBSIDIARY
                   CONSOLIDATED BALANCE SHEET
                         JUNE 30, 2000
                             ASSETS

Current Assets
   Cash                                             $   14,610
   Accounts receivable, net of allowance for
     doubtful accounts of $7,500                       150,541
   Prepaid expenses                                      5,609
   Work performed in excess of billings                 19,540
                                                    ----------
       Total Current Assets                            190,300
                                                    ----------
Furniture, Fixtures and Equipment                      149,137
   Less: accumulated depreciation                     (131,345)
                                                    ----------
                                                        17,792
                                                    ----------
Other Assets, Net                                        1,425
                                                    ----------
Total Assets                                        $  209,517
                                                    ==========

             LIABILITIES AND SHAREHOLDERS' DEFICIT

Current Liabilities
   Accounts payable                                 $    135,578
   Accrued expenses                                       63,054
   Accrued interest                                        3,172
   Deferred revenue                                      128,950
   Billings in excess of work performed                    9,118
   Notes payable - current portion                        12,500
   Related party debt - current portion                   17,106
                                                    ------------
       Total Current Liabilities                         369,478
                                                    ------------
Long Term Liabilities
   Notes payable - long term                              12,500
   Related party debt - long term                         26,436
                                                    ------------
       Total Long-Term Liabilities                        38,936
                                                    ------------
Total Liabilities                                        408,414

Shareholders' Deficit
   Preferred stock, $0.01 par value; 1,000,000
      shares authorized, no shares issued                     -
   Common stock, $0.001 par value; 100,000,000
      shares authorized, 19,065,892 shares issued
      and outstanding                                     19,066
   Additional paid-in capital                          4,843,476
   Warrants outstanding                                    7,987
   Accumulated deficit                                (5,069,426)
                                                    ------------
       Total Shareholders' Deficit                      (198,897)
                                                    ------------
Total Liabilities and Shareholders' Deficit         $    209,517
                                                    ============

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

                                F-3
<PAGE>

          TENET INFORMATION SERVICES, INC. AND SUBSIDIARY
              CONSOLIDATED STATEMENTS OF OPERATIONS
            FOR THE YEARS ENDED JUNE 30, 2000 AND 1999

                                                             2000         1999
                                                        ----------  ----------
Revenues
  Software license fees and maintenance                 $  582,405  $  711,810
  Consulting services                                      187,942     167,158
                                                        ----------  ----------
     Total Revenues                                        770,347     878,968

Cost of Revenues
  Software license fees and maintenance                    236,853     269,213
  Consulting services                                       96,761      69,925
                                                        ----------  ----------
     Total Cost of Revenues                                333,614     339,138
                                                        ----------  ----------
Gross Profit                                               436,733     539,830

Operating Expenses
  Selling, general and administrative                      184,120     280,118
  Software development                                     237,450     201,326
                                                        ----------  ----------
     Total Operating Expenses                              421,570     481,444
                                                        ----------  ----------
Income From Operations                                      15,163      58,386

Other Income and (Expense)
  Interest income                                              121         776
  Interest expense                                          (6,321)     (7,360)
                                                        ----------  ----------
     Net Other Expense                                      (6,200)     (6,584)
                                                        ----------  ----------
Income Before Extraordinary Item                             8,963      51,802

Extraordinary Item - Forgiveness of Debt
  (Net of $0 Tax Benefit)                                      -0-      16,903
                                                        ----------  ----------
Net Income                                              $    8,963  $   68,705
                                                        ==========  ==========
Basic Earnings  Per Share
  Operations                                            $     0.00  $     0.00
  Extraordinary item                                          0.00        0.00
                                                        ----------  ----------
Total Basic Earnings Per Share                          $     0.00  $     0.00
                                                        ==========  ==========
Diluted Earnings Per Share
  Operations                                            $     0.00  $     0.00
  Extraordinary item                                          0.00        0.00
                                                        ----------  ----------
Total Diluted Earnings Per Share                        $     0.00  $     0.00
                                                        ==========  ==========

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

                                F-4
<PAGE>

                 TENET INFORMATION SERVICES, INC. AND SUBSIDIARY
                 CONSOLIDATED STATEMENTS OF SHAREHOLDERS' DEFICIT
                    FOR THE YEARS ENDED JUNE 30, 1999 AND 2000

<TABLE>
<CAPTION>
                                           Common Stock
                                      ------------------------  Additional
                                        Shares                    Paid-In     Warrants    Accumulated
                                        Issued       Amount       Capital    Outstanding    Deficit      Total
                                      -----------  -----------  -----------  -----------  -----------  ----------
<S>                                  <C>          <C>          <C>          <C>          <C>          <C>
Balance, June 30, 1998                 18,833,717  $    18,834  $ 4,834,421  $     7,987  $(5,147,094) $ (285,852)

Issuance of common stock to satisfy
  amounts owed                            232,175          232        9,055            -            -       9,287

Net income                                      -            -            -            -       68,705      68,705
                                      -----------  -----------  -----------  -----------  -----------  -----------
Balance, June 30, 1999                 19,065,892       19,066    4,843,476        7,987   (5,078,389)    (207,860)

Net income                                      -            -            -            -        8,963        8,963
                                      -----------  -----------  -----------  -----------  -----------  -----------
Balance, June 30, 2000                 19,065,892  $    19,066  $ 4,843,476  $     7,987  $(5,069,426) $  (198,897)
                                      ===========  ===========  ===========  ===========  ===========  ===========
</TABLE>
The accompanying notes are an integral part of these consolidated financial
 statements.

                                F-5
<PAGE>

         TENET INFORMATION SERVICES, INC. AND SUBSIDIARY
              CONSOLIDATED STATEMENTS OF CASH FLOWS
           FOR THE YEARS ENDED JUNE 30, 2000 AND 1999


                                                        2000        1999
                                                    ----------  ----------
Cash Flows From Operating Activities
  Net income                                        $    8,963  $   68,705
  Adjustments to reconcile net income to net
   Cash from operating activities:
     Depreciation and amortization                       9,164       8,089
     Stock issued for services                               -       9,287
     Gain on forgiveness of debt                             -     (16,903)
     Change in assets and liabilities
       Accounts receivable                             (28,027)    (50,333)
       Prepaid expenses                                 (5,609)          -
       Accounts payable                                 38,148       3,467
       Accrued liabilities                               2,493      23,265
       Deferred revenue                                 25,287     (59,534)
       Work performed in excess of billings             (2,864)    (16,676)
       Billings in excess of work performed            (57,565)     66,683
                                                    ----------  ----------
     Net Cash Provided By (Used In)
      Operating Activities                             (10,010)     36,050
                                                    ----------  ----------
Cash Flows From Investing Activities
  Acquisition of furniture, fixtures and equipment      (4,548)    (25,287)
                                                    ----------  ----------
      Net Cash Used In Investing Activities             (4,548)    (25,287)
                                                    ----------  ----------
Cash Flows From Financing Activities
  Proceeds from related party debt                       8,866           -
  Principal payments on related party debt             (11,737)       (661)
                                                    ----------  ----------
     Net Cash Used In Financing Activities              (2,871)       (661)
                                                    ----------  ----------
Net Increase (Decrease) In Cash                        (17,429)     10,102

Cash at Beginning of the Year                           32,039      21,937
                                                    ----------  ----------
Cash at End of the Year                             $   14,610  $   32,039
                                                    ==========  ==========
Supplemental Disclosures of Cash
   Flow Information:
  Cash paid for interest                            $    3,108  $    3,069
                                                    ==========  ==========

The accompanying notes are an integral part of these consolidated
   financial statements.

                                F-6
<PAGE>

        TENET INFORMATION SERVICES, INC. AND SUBSIDIARY
          NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1--NATURE OF OPERATIONS

     Organization - Tenet Information Services, Inc. ("Tenet"), a
     Utah corporation, designs and markets a computer-based
     medical and health information system related primarily to
     emergency departments (the "EDNet System"). During fiscal
     1996 Tenet expanded its operations by merging with National
     Microcomputer Corporation ("NMC") and acquiring certain
     assets of The International Healthcare Consulting Group,
     Inc. ("HCG"). NMC designed and marketed the integrated
     information management/patient tracking system for use in
     emergency departments of hospitals and urgent care centers
     (the "EDNet System"). HCG has provided healthcare
     institutions, mainly hospitals, with consulting services to
     assist the institutions in achieving a more efficient, lower
     cost care delivery model while maintaining the highest
     quality of care standards. Tenet has elected to phase out
     its respiratory therapy product line.

     Tenet and its wholly owned subsidiary, NMC, (collectively,
     "the Company") sell and lease computer software license
     rights to hospitals throughout the United States. In
     addition, the Company sells maintenance contracts for these
     information systems. Substantially all of the Company's
     revenues are generated from hospitals and therefore, the
     Company's financial performance is partially dependent upon
     the viability of the healthcare economic sector.

     The Company is subject to various risks associated with
     companies in a similar stage of operations including
     dependence on key individuals, potential competition from
     larger and more established companies and the need to obtain
     adequate sources of financing.

     Basis of Presentation - The accompanying financial
     statements have been prepared on a going concern basis,
     which contemplates the realization of assets and the
     satisfaction of liabilities in the normal course of
     business.  The Company previously experienced losses from
     operations resulting in an accumulated deficit at June 30,
     2000 of approximately $5,069,426. The Company has a negative
     cash flow from operations of $10,010 for the current year
     and a working capital deficit of approximately $179,178 at
     June 30, 2000. These factors previously caused substantial
     doubt about the Company's ability to continue as a going
     concern for a reasonable period of time. The Company has
     phased out its respiratory therapy product line and replaced
     it with the EDNet System, which is deemed to be a more
     marketable and profitable product line. Management is also
     negotiating various sales agreements and is continuing to
     better manage its cash flow. Management is also considering
     raising capital through the issuance of warrants and other
     equity instruments. These factors reasonably mitigate the
     concern about the Company's ability to continue as a going
     concern.

                                F-7
<PAGE>

NOTE 2-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Principles of Consolidation - The accompanying consolidated
     financial statements include the accounts of Tenet and its
     wholly owned subsidiary, NMC. All significant intercompany
     transactions and account balances have been eliminated in
     consolidation.

     Use of Estimates in the Preparation of Financial Statements
     - The preparation of financial statements in conformity with
     generally accepted accounting principles requires management
     to make estimates and assumptions that affect the reported
     amounts of assets and liabilities and disclosure of
     contingent assets and liabilities at the date of the
     financial statements and the reported amounts of revenues
     and expenses during the reporting period. Actual results
     could differ from those estimates.

     Revenue Recognition - The Company recognizes revenue in
     accordance with the provisions of Statement of Position No.
     91-1 Software Revenue Recognition as follows:

     Revenues related to the EDNet System consist of sales of
     software licenses, installation of information systems and
     related software customization and enhancements. In
     addition, revenues are generated from annual software
     support and maintenance.  Installation revenues are
     recognized on the percentage completion method measured by
     completion and acceptance of contracted milestones. The
     asset "work performed in excess of billings" represent costs
     incurred and revenues earned in excess of billings on
     uncompleted contracts. The liability "billings in excess of
     work performed" represents billings in excess of costs
     incurred and revenue recognized.

     Revenues from annual software and maintenance are recognized
     ratably over the term of each contract. Amounts billed in
     advance of revenue recognition for software and maintenance
     are recorded as deferred revenue.

     Revenues from consulting services are recognized when the
     services have been provided.

     Furniture, Fixtures and Equipment - Furniture, fixtures and
     equipment are stated at cost. Depreciation is computed using
     the straight-line method over the estimated useful lives of
     the related assets, generally 3 to 10 years. Depreciation
     expense was $9,164 and $8,089 for the periods ended June 30,
     2000 and 1999. Maintenance and repairs are charged to
     expense as incurred and major improvements or betterments
     are capitalized. Gains or losses on sales or retirements are
     included in the statement of operations in the year of
     disposition. Furniture, fixtures and equipment include
     $140,464 of computer equipment used in operations and $8,673
     of furniture, fixtures and other equipment at June 30, 2000.

                                F-8
<PAGE>
     Software Development Costs - Costs incurred in creating
     computer software products are charged to operations as
     software development expense prior to the development of a
     detailed program design or a working model. After the
     detailed program design or working model is established,
     costs of producing product masters are capitalized as
     software development costs. The Company had no capitalized
     software costs at June 30, 2000.

     Costs of maintenance and customer support are recognized as
     expense when the related revenue is recognized or when those
     costs are incurred, whichever occurs first.

     Impairment - The Company records impairment losses on
     property and equipment when indicators of impairment are
     present and undiscounted cash flows estimated to be
     generated by those assets are less than the assets' carrying
     amount.  The Company had no impaired assets at June 30,
     2000.

     Fair Value of Financial Instruments - The estimated fair
     value of financial instruments is not presented because, in
     Management's opinion, there is no material difference
     between carrying amounts and estimated fair values of
     financial instruments as presented in the accompanying
     balance sheet.

     Income Taxes - The Company recognizes the amount of income
     taxes payable or refundable for the current year and
     recognizes deferred tax assets and liabilities for the
     future tax consequences attributable to differences between
     the financial statement amounts of certain assets and
     liabilities and their respective tax bases. Deferred tax
     assets and liabilities are measured using enacted tax rates
     expected to apply to taxable income in the years those
     temporary differences are expected to be recovered or
     settled. Deferred tax assets are reduced by a valuation
     allowance to the extent that uncertainty exists as to
     whether the deferred tax assets will ultimately be realized.

     Advertising Costs - Advertising costs are charged to expense
     in the period incurred. Advertising expense for the years
     ended June 30, 2000 and 1999 was $226 and $2,430,
     respectively.

     Stock-Based Compensation - Stock-based compensation to
     employees is measured by the intrinsic value method. This
     method recognizes compensation based on the difference
     between the fair value of the underlying common stock and
     the exercise price of the stock option on the date granted.
     Compensation relating to options granted to non-employees is
     measured by the fair value of the options, computed by an
     option-pricing model.

     Warranty Costs - A 90-day limited warranty is provided on
     sales of hardware and software licenses. Warranty costs
     incurred on hardware are passed through to the manufacturer.
     Warranty costs have not been material in any year presented;
     accordingly, these costs are expensed when incurred.

                                F-9
<PAGE>

     Basic and Diluted Earnings Per Share -Basic earnings per
     common share is computed by dividing net income available to
     common stockholders  by the weighted-average number of
     common shares outstanding during the period. Diluted
     earnings per share reflects the potential dilution which
     could occur if all contracts to issue common stock were
     exercised or converted into common stock or resulted in the
     issuance of common stock.

NOTE 3-BASIC AND DILUTED EARNINGS PER SHARE

     The following data shows the amounts used in computing
     earnings per share for the year ended June 30, 2000 and 1999
     and the effect on income and weighted average number of
     shares of dilutive potential common stock:

                                                          2000        1999
                                                    ----------  ----------
     Income available to common shareholders
      used in basic earnings per share              $    8,963  $   68,705
                                                    ==========  ==========
     Income available to common shareholders
      after assumed conversions of dilutive
      securities                                    $    8,963  $   68,705
                                                    ==========  ==========
     Weighted average number of common shares
      used in basic earnings per shares.            19,065,892  18,948,850
                                                    ==========  ==========

     Effect of dilutive securities
          Stock options                                770,260     116,667
          Stock warrants                                     -   4,349,858
                                                    ----------  ----------
     Weighted average number of common shares
     and dilutive potential common shares used in
     dilutive earnings per share                    19,836,152  23,415,375
                                                    ==========  ==========

NOTE 4- RELATED PARTY DEBT AND NOTES PAYABLE

Related party debt consists of the following at June 30, 2000:

  Debt payable to a related party corporation owned by an
     employee of the Company at an  interest rate of 8.5%,
     unsecured balance is due on demand.                        $   4,144

  Note payable to a company associated with a shareholder,
    at an interest rate of 12% per annum. Balance is due on
    demand                                                          9,135

  Debt payable to officers/shareholders at an interest rate
    of 12%, unsecured, due on demand.                               3,827

  Note payable to an officer and shareholder, at an interest
    rate of 8%, balance due by March 31, 2002, unsecured.          26,436
                                                                ---------
       Total related party debt                                    43,542
       Less: current portion                                      (17,106)
                                                                ---------
       Related party debt - long term                              26,436
                                                                =========
Notes payable consist of the following at June 30, 2000

  Note payable to Utah Technology Finance
    Corporation at an interest rate of 9.75%, unsecured,
    annual principal payments of $12,500
    due on December 30, 2000 and 2001.                             25,000

       Less: current portion                                      (12,500)
                                                                ---------
    Notes payable  - long term                                     12,500
                                                                =========

Annual maturities on related party debt and notes payable as of
June 30, 2000 are as follows:

                2001            29,606
                2002            38,936

NOTE 5-OPERATING LEASE

     The Company occupies its facilities and uses equipment under
     non-cancelable operating leases that expire in fiscal year
     2001. Lease expense for fiscal 2000 and 1999 was $52,973 and
     $53,007, respectively.

     Minimum future lease payments under non-cancelable operating
     leases as of June 30, 2000 are as follows:

          Year Ended June 30,
                2001            21,465
                              --------
                              $ 21,465
                              ========

                                F-10
<PAGE>

NOTE 6 - INCOME TAXES

     No benefit for income taxes has been recorded during the
     years ended June 30, 2000 and 1999.  Certain risks exist
     with respect to the Company's future profitability, and
     management has concluded that, due to these uncertainties,
     the related net deferred tax asset may not be realized.
     Accordingly, a valuation allowance has been recorded to
     offset the deferred tax asset in its entirety.

     The components of the net deferred tax assets at June 30,
     2000 are as follows:

       Deferred Tax Assets
          Tax net operating loss carry forward        $ 1,544,873
          Tax credits carry forward                        92,000
          Reserves and accrued liabilities                  5,052
                                                      -----------
       Total Deferred Tax Assets                        1,641,925
                                                      -----------
       Valuation allowance                             (1,641,925)
                                                      -----------
       Net Deferred Tax Asset                         $         -
                                                      ===========

     During the years ended June 30, 2000 and 1999, the valuation
     allowance decreased by $39,229 and $28,031 respectively.

     As of June 30, 2000, the Company has net operating loss
     carryforwards for federal income tax reporting purposes of
     approximately $4,142,369 which have begun to expire and will
     expire through 2013.

     The Company has research and development tax credit and
     investment tax credit carryforwards of approximately $95,000
     and $8,000, respectively, of which $11,000 expired in 2000.
     The remaining credits will expire through fiscal 2005.

     The following is a reconciliation of the income tax at the
     federal statutory rate of 34% with the provision for income
     taxes for the years ended June 30, 2000 and 1999:

                                                             2000        1999
                                                       ----------  ----------
       Income tax expense (benefit) at statutory rate  $    3,047  $   23,360
       Change in deferred tax valuation account           (39,229)    (28,031)
       Non deductible taxes                                 2,753       2,404
       Expired operating loss and tax credits              33,133           -
       State taxes, net of federal benefit                    296       2,267
                                                       ----------  ----------
       Provision for Income Taxes                      $        -  $        -
                                                       ==========  ==========

                                F-11
<PAGE>

NOTE 7-CAPITAL STOCK

     The Company's Articles of Incorporation authorize the board
     of directors, without shareholder approval, to issue up to
     1,000,000 shares of preferred stock with such rights and
     preferences as the board of directors may determine at its
     discretion. The board of directors has the authority to
     issue shares of preferred stock having rights prior to the
     common stock with respect to dividends, voting and
     liquidation.

     During the fiscal year ended June 30, 1999, the Company
     issued 232,175 shares of common stock to satisfy amounts
     owed of $9,287 for legal work performed on behalf of the
     Company.

NOTE 8-STOCK OPTIONS

     During fiscal year ended June 2000, the Board of Directors
     authorized the issuance of 830,000 stock options outside of
     the Incentive Stock Option Plan to employees of the Company.
     These options vest at a rate of 20% annually, are exercisable
     at $0.10 per share and expire on June 4, 2004. No expense was
     recognized related to the grant of these options. 205,000 of
     these options were forfeited during the fiscal year ended
     June 30, 2000.

     The Company has adopted an incentive stock option plan and a
     nonqualified stock option plan. Stock options for an
     aggregate of 600,000 shares of common stock may be granted
     under these plans. Stock options under both option plans may
     be granted at a price per share not less than 100 percent of
     the fair market value of the common stock, as determined at
     the date of grant. Employees vest in the right to exercise
     their options from immediately to the fifth anniversary date
     following the date of grant. The options expire five years
     from the vesting date. Incentive stock options are forfeited
     unless exercised within zero to three months following
     termination of employment or twelve months if termination is
     due to death or disability.

     A summary of the status of the Company's option plan as of
     June 30, 2000 and 1999, and changes during the years then
     ended is presented below:

                                    For the year ended June 30,
                                    2000                   1999
                           ----------------------  -----------------------
                                       Weighted                Weighted
                                        average                 average
                                        exercise               exercise
                             Shares      price       Shares      price
                           ----------  ----------  ----------  ----------
Outstanding at beginning       50,000       0.14      50,000       0.14
of year
Granted                       830,000       0.10           0
Exercised                           0                      0
Forfeited                    (205,000)      0.10           0
                           ----------              ---------
Outstanding at end of
year                          675,000       0.10      50,000          0
                           ==========              =========
Options exercisable            50,000       0.14      50,000       0.14
Weighted average fair
value of options granted
during the year                             0.04                    n/a

                                F-12
<PAGE>

     The following table summarizes information about stock
     options outstanding at June 30, 2000:

           Options Outstanding            Options Exercisable
     -------------------------------  --------------------------------
     Range      Number     Weighted    Weighted    Number     Weighted
       of    Outstanding   Average      Average  Exercisable   Average
     Exercise    at       Remaining     Exercise     at       Exercise
      Price    6/30/00   Contract Life    Price    6/30/00      Price
     ---------------------------------  ------------------------------
       0.10    625,000      4.0 years     0.10           -          -
       0.14     50,000      1.9 years     0.14      50,000       0.14


     The Company applies APB Opinion 25, Accounting for Stock
     Issued to Employees, and related interpretations in
     accounting for its plans. Accordingly, no compensation cost
     has been recognized for its stock option plans. Had
     compensation cost for the Company's stock-based compensation
     plans been determined based on the fair value at the grant
     dates for awards under those plans consistent with the
     method of FASB Statement 123, Accounting for Stock-Based
     Compensation, the Company's net income and income per share
     would have been increased to the pro forma amounts indicated
     below:

                                                  2000         1999
                                            ----------   ----------
       Net income (loss)
          As reported                       $    8,963   $   68,705
          Pro forma                             (5,750)      68,705
       Basic earnings (loss) per share
          As reported                             0.00         0.00
          Pro forma                              (0.00)        0.00
       Diluted earnings (loss) per share
          As reported                             0.00         0.00
          Pro forma                              (0.00)        0.00

     The fair value of each option granted was estimated on the
     date of grant using the Black-Scholes option-pricing model
     with the following weighted-average assumptions used for
     grants during the year ended June 30, 2000: expected
     volatility of 137.77 %, risk-free interest rate of 5.8% and
     expected lives of 5 years. There were no issuances of
     options during the year ended June 30, 1999.

     Option pricing models require the input of highly subjective
     assumptions including the expected stock price volatility.
     Also, the Company's employee stock options have
     characteristics significantly different from those of traded
     options, and changes in the subjective input assumptions can
     materially affect the fair value estimate. Management
     believes the best input assumptions available were used to
     value the options and the resulting values are reasonable.

                                F-13
<PAGE>

NOTE 9-WARRANTS TO PURCHASE COMMON STOCK

     The Company has issued warrants to purchase common stock in
     connection with various transactions. These warrants expired
     during the year ended June 30, 2000.  The following table
     summarizes the warrants to purchase common stock issued and
     outstanding, together with their respective exercise price
     ranges:

                                            Years Ended June 30,
                                               2000       1999
                                            ----------  ----------
     Warrants to purchase common
       shares, beginning of the year,
       at prices ranging from $0.14
       to $0.42 per share                      688,077     688,077

     Warrants exercised                              0           0

     Warrants expired                         (688,077)          0
                                            ----------  ----------
     Warrants to purchase common
       shares, end of the year, at
       prices ranging from $0.14
       to $0.42 per share                            0     688,077
                                            ==========  ==========

NOTE 10--SUPPLEMENTAL CASH FLOW INFORMATION ACTIVITIES

     During fiscal year ended June 30, 1999, the Company issued
     232,175 shares of stock to satisfy amounts owed for services
     performed on behalf of the Company in the amount of $9,287.

NOTE 11--EXTRAORDINARY ITEM

     During the year ended June 30, 1999, $7,615 of unpaid
     accrued interest was forgiven on a note payable. In
     addition, $9,288 owed for legal services performed on behalf
     of the Company was forgiven. The total write off of $16,903
     was recognized as an extraordinary gain on the forgiveness
     of debt.

NOTE 12-SUBSEQUENT EVENT (UNAUDITED)

     Because of employee turnover, an additional 20,000 options
     granted during the fiscal year ended June 30, 2000
     were forfeited subsequent to the fiscal year end June 30,
     2000 bringing the total number of forfeited options to
     225,000 and the number of options outstanding to 655,000.


ITEM 9:   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
          ACCOUNTING AND FINANCIAL DISCLOSURE

On July 30, 1997 the Registrant engaged Hansen, Barnett &
Maxwell ("Hansen") to perform its audits and provide various
accounting services thereafter.  The Registrant did not
consult with Hansen prior to such date regarding any
reportable matter.

PART III

ITEM 10:  Directors, Executive Officers, Promoters, and
          Control Persons of the Registrant;

           Compliance with Section 16(a) of the Exchange Act

The names of the executive officers and directors of the
Company, their respective ages and positions with the
Company, and the dates of their elections to the Board of
Directors or as officers are as follows:

 Name              Age   Position with The Company       Date of Election
 ----              ---   -------------------------       ----------------
Jerald L. Nelson    57   President(resigned)             December 1, 1993
                                                         (July 10, 1996)
                         Chairman of the Board           July 10, 1996
                         Director                        January 24, 1994

Frank Overfelt      57   Director                        September 29, 1995
                         Chief Operations Officer
                          (acting)                       July 10, 1996
                         President & Chief Operating
                           Officer                       August 31, 1998

Eric J. Nickerson   47   Director                        June 29, 1990


All directors hold office until the next annual meeting of
shareholders of the Company or until their successors have
been elected and qualified.  The number of authorized
directors may be varied by the Board of Directors, but may

                                14
<PAGE>

not be less than three.  Executive officers serve at the
discretion of the Board of Directors.  The directors are
entitled to certain limitations on their liabilities as
directors of the Company as permitted under Utah law and as
included in the Company's Articles of Incorporation.

The Company's stock option plans permit the administration
of the plans through a Stock Option Plan Committee, composed
of at least three members of the Board of Directors.  No
such committee has been appointed, and no other committees
of the Board of Directors have been formed.

On July 10, 1996 Jerald L. Nelson resigned as President and
Chief Operating Officer and was elected Chairman of the
Board of Directors.  Frank C. Overfelt was also appointed
Chief Operating Officer on an interim basis.  At a board of
directors meeting held on August 31, 1998 Frank Overfelt was
elected to the position of President and Chief Operating
Officer.

Business Biographies

     Jerald L. Nelson.  Jerald L. Nelson has served as
a director, president and chief operating officer of
the Company since December 1993.  Effective July 10,
1996 Dr. Nelson was appointed Chairman of the Board of
Directors, and relinquished his position as President
and Chief Operating Officer.  Dr. Nelson received his
Ph.D. in Economics from North Carolina State University
in 1974.  From 1974 to 1984, Mr. Nelson worked or
consulted with several Fortune 500 firms, including US
Industries, TransWorld Airlines, GTE, Xerox, Pitney
Bowes and General Foods.  From 1984 until December
1993, Mr. Nelson worked with various businesses as an
investment banker and business advisor.  He has also
consulted with or served on the Board of Directors of
numerous Utah firms including Arrow Dynamics, Beacon
Financial, Interwest Home Medical, Gentner
Communications and One-2-One Communications, where he
also served as chairman and chief executive officer.

     Frank C. Overfelt  Frank Overfelt was elected to
the Board on September 29, 1995.  As of July 10, 1996,
Mr. Overfelt was appointed interim Chief Operating
Officer.  Mr. Overfelt has been the managing partner
the International HealthCare Consulting Group, Inc.
since its inception in 1986.  He is a recognized
authority in workload measurement systems for health
care institutions.  Prior to founding the consulting
company Mr. Overfelt was a senior manager in the
Healthcare Cost Accounting and Productivity Practice of
Peat Martwick.  He holds an MBA from the University of
Utah.  His total healthcare experience is 23 years.

     Eric J. Nickerson.  Eric J. Nickerson has served
as a director since June of 1990.  Mr. Nickerson was a
member of the faculty of the United States Military
Academy at West Point, New York from 1989 to 1993.  In
June 1993, Mr. Nickerson retired as a United States Air
Force officer.  Currently, Mr. Nickerson is a private
investor and directs personal accounts and two
investing partnerships:  "Third Century II" and "Z
Fund."  He also serves as a director of CSM
Environmental Systems, Inc.

                                14
<PAGE>

Other Key Personnel

     The Company's other key personnel include the
following:

     Donald W. Ballash.  Mr. Ballash holds the position of
Vice-President of Product Development and Consulting and has
over 19 years of experience in the health care field.  He
has specialized in management engineering at two large multi-
hospital systems; Intermountain Health Care and Kaiser
Permanente.  Most recently he was a partner in the
International HealthCare Consulting Group.  He holds a B.S.
Degree from BYU.


ITEM 11:  EXECUTIVE COMPENSATION

The following table sets forth all cash compensation for
services rendered in all capacities to the Company during
the fiscal year ended June 30, 1999 paid to (i) the
Company's president and each executive officer whose cash
compensation exceeded $100,000, and (ii) all executive
officers of the Company as a group.  No executive officers
salary exceeded $100,000 for the fiscal year.

<TABLE>
<CAPTION>

                    Annual Compensation /Long Term Compensation        /
                              /    Awards       /Payouts  /

Name and                   Year     Salary    Bonus    Other  Restricted  Securities    LTIP  All Other
Principal                   ($)      ($)       ($)     Annual   Stock     Underlying    Pay-   Compen-
                                                       Compen-  Awards     Options/     outs   sation
Position                                                ($)                SARs(#)      ($)      ($)
-------------------------------------------------------------------------------------------------------
<S>                       <C>      <C>        <C>      <C>      <C>        <C>        <C>      <C>
Frank C. Overfelt          1998     76,797     -0-      -0-       -0-        -0-        -0-      -0-
Chief Operating Officer    1999     76,828     -0-      -0-       -0-        -0-        -0-      -0-
                           2000     76,360     -0-      -0-       -0-        -0-        -0-    3,600


Jerald L. Nelson           1998      -0-       -0-      -0-       -0-        -0-        -0-      -0-
Chairman of the Board      1999      -0-       -0-      600       -0-        -0-        -0-      -0-
                           2000      -0-       -0-      -0-       -0-        -0-        -0-      -0-

All Executive Officers

(3 persons)                1998     76,797     -0-      -0-       -0-        -0-        -0-      -0-
(1 person)                 1998     76,828     -0-      600       -0-        -0-        -0-      -0-
(2 person)                 2000     76,360     -0-      -0-       -0-        -0-        -0-      -0-

</TABLE>

The Company also may pay discretionary cash bonuses to
management and employees based on meritorious performance.

                                15
<PAGE>


Stock Option Plans

On October 15, 1984, the Company adopted an Incentive Stock
Option Plan (the "ISO Plan"), pursuant to which only
"incentive stock options"  ("ISO's"), as defined in the
Internal Revenue Code (the "Code"), may be granted.  On the
same date, the Company adopted a Nonqualified Stock Option
Plan ("NQSO Plan"), pursuant to which only "nonqualified
stock options" ("NQSOs"), as defined in the Code, may be
granted.  Stock options for an aggregate of 600,000 shares
of common stock may be granted under both Plans.  ISOs may
be granted under the ISO Plan to employees owning less that
10% of the Company's voting stock (as defined by Sections
422A and 425 of the Code).  NQSOs may be granted under the
NQSO Plan to employees who are ineligible to receive options
under the ISO Plan.

Stock options may be granted under the Plans at a price per
share not less than 100% of the "fair market value" (as
defined by the Plans) of the common stock on the date of
grant.

The Plans limit grants of stock options to any one employee
to 60,000 shares of stock per plan year, with an aggregate
option price ceiling of $100,000 under the ISO Plan in any
year.  Each stock option, unless sooner terminated, expires
five years from the "date of effectiveness", which is three
years from the date of grant.

ISOs are exercisable until three months following
termination of employment (twelve months if termination is
due to death or disability).  Termination of employment for
any reason does not affect the exercisability of NQSOs,
regardless of whether the option's effective date has been
reached.  Under both Plans, options are exercisable during
an optionee's lifetime only by such optionee and are
transferable only upon death by the laws of decent or
distribution.

The Board of Directors has the right to modify or amend the
Plans at any time, provided, however, that, unless ratified
by the Company's shareholders, no amendment will be
effective which (i) changes the number of shares which may
be issued under the Plans, (ii) changes the option price,
other than the manner of determining the fair market value
of the shares, (iii) changes the periods during which
options may be granted or exercised, (iv) changes the
provisions relating to the determination of employees to
whom options may be granted and the number of shares to be
covered by such options, or (v) changes the provisions
relating to adjustments to be made upon changes in
capitalization.  Shareholder action is also required to
terminate the Plans.

As of August 1, 1999 the company had granted 830,000 options
to key employees exercisable at the rate of $.10 per share.
205,000 of these options were forfeited during the fiscal
year and at June 30, 2000 and an additional 20,000 were
forfeited during the three month period ended September 30,
2000. Only 655,000 remained outstanding as of October 1, 2000.
These options were issued outside of the Incentive Stock
Option Plan and authorized by the Board of Directors.  There
are still outstanding 50,000 options to an employee
exercisable at $0.14 per share.

                                16
<PAGE>

ITEM 12:  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
          AND MANAGEMENT

The following table sets forth the holdings of common stock
as of October 1, 2000  (i) by each person who held of
record, or was known by the Company to own beneficially,
more than five percent of the outstanding common stock of
the Company, (ii) by each Director, and (iii) by all
Directors and officers as a group.  Unless otherwise
indicated, all shares are owned directly.  The percentage
calculations for any individual stockholder assume that all
outstanding options and warrants held by that stockholder
have been exercised in full and that no other stockholder
has exercised any outstanding options or warrants.

Name and Address of Beneficial Owner as of October 1, 2000

                             Common (1)     Percent of Shares Outstanding
                             ----------     -----------------------------
Michael R. Carlston 2         5,510,290                 27.94%
Dennis C. Peterson 3          4,220,442                 21.40%
Mark Oldroyd 4                3,975,559                 20.16%
Scott Staker 5                3,975,559                 20.16%
T-Acquisition 6               3,775,559                 19.14%
Eric J. Nickerson 7           2,602,044                 13.19%
Third Century II 7            2,602,044                 13.19%
Donald W. Ballash 11          1,226,429                  6.22%
Robert Smith 8                1,166,246                  5.91%
Richard Gwinn 9               1,004,920                  5.10%
Jerald L. Nelson 12             435,700                  2.21%
Frank Overfelt 10               385,511                  1.95%

All Officers and
   Directors                 4,649,684                  23.58%


1.  Based on 19,065,900 common shares outstanding and
options to acquire 655,000 shares of Common Stock at $0.10 -
$0.14 per share.
2.  The shares indicated include:  (i) 1,734,731 shares of
Common Stock beneficially owned by Mr. Carlston (including
shares owned by his wife and held in trust for the benefit
of his children); (ii) 3,775,559 shares of Common Stock held
by T-Acquisition. Mr. Carlson's address is 855 Harwood Dr.,
Murray, UT 84107
3.  Includes 444,883 shares of Common Stock beneficially
owned by Mr. Peterson, and 3,775,559 shares of Common Stock
held by T Acquisition L.L.C. Mr. Peterson's address is 2508
W. Bueno Vista Dr., W. Jordan, UT 84088
4.  Includes 200,000 shares of Common Stock beneficially
held by Mr. Oldroyd, including shares held in trust for the
Violet Johnson Brown Family Trust.  Also includes 3,775,559
shares of Common Stock held by T-Acquisition. Mr. Oldroyd
address is 55 North 800 West, Provo, UT 84601
5.  Includes 200,000 shares of Common Stock held by Mr.
Staker and also includes 3,775,559 shares of Common Stock
held by T-Acquisition. Mr. Stakers address is 880 North 98
West #9, Provo, UT 84604
6.  A Utah Limited Liability company of which Michael R.
Carlston owns or controls 56.7%, Mark Oldroyd owns or
controls 32.1%, Dennis C. Peterson owns or controls 6.4% and
Scott Staker  owns or controls 4.8%.  The shares indicated
consist of 3,775,559 shares of Common Stock   The address of
T-Acquisition is 855 Harwood Dr., Murray, UT 84107.
7.  Includes 2,602,044 shares of Common Stock  held by Third
Century Fund II.  Mr. Nickerson is Senior Partner of Third
Century Fund II. Mr. Nickerson is also a director of the
Company.  Mr. Nickerson and Third Century Fund II's address
is 1711 Chateau CT., Fallston, MD 21047

                                17
<PAGE>

8.  Includes 1,166,240 shares of Common Stock held by Dr.
Smith .  Dr. Smiths address is 2291 Greer Rd., Palo Alto CA
94303
9.  Includes 1,004,920 shares of Common Stock held by Dr.
Gwinn.  Dr. Gwinns address is 304 W. Thorn, San Diego, CA
92103
10.  Includes 50,000 shares of Common Stock held by IHCG and
335,511 shares of Common Stock held by Mr. Overfelt,  Mr.
Overfelts address is 4634 So. Ledgemont Dr., Holladay UT
84124
11.  Includes 50,000 shares of Common Stock held by IHCG,
and 726,429 shares of Common Stock held by Mr. Ballash and
options to acquire 450,000 shares of Common Stock at $0.10
per share.  Mr. Ballash's address is 9777 So. Dunsinsame
Dr., So. Jordan, UT 84095
12.  Includes 435,700 shares of Common Stock .. Mr. Nelsons
address is 207 West Clarendon #3B, Phoenix, AZ 85013


ITEM 13:  CERTAIN RELATIONSHIPS AND RELATED
TRANSACTIONS

Since the beginning of the Company's last fiscal year, there
have been no transactions or series of transactions between
the Company and any executive officer, director or 5%
beneficial owner of the Company's common stock in which one
of the foregoing individuals had an interest of more than
$60,000 except the transaction identified below.

The Company believes that all transactions between the
Company and related parties have been on terms and
conditions no less favorable to the Company than those
available from third parties.  Each transaction was entered
into to provide operating capital for the Company.  All
future transactions between the Company and any related
party will be on terms and conditions no less favorable to
the Company than those available from third parties and will
be approved by a majority of the Company's disinterested
directors.

Section 16(a) of the Securities Exchange Act of 1934
required the Company's directors and executive officers, and
persons who own more than ten percent of a registered class
of the Company's equity securities, to file with the
Securities and Exchange Commission initial reports of
ownership and reports of changes in ownership of Common
Stock and other equity securities of the Company.  Executive
officers, directors and holders of ten percent or more of
the Company's equity securities are required to furnish the
Company with copies of all Section 16(a) reports they file.
However, because of the recent mergers and conversions,
these reports have not been provided.

                                18
<PAGE>

PART IV

ITEM 14:  EXHIBITS AND REPORTS ON FORM 8-K

(a)       The following financial statements are included in
Part II Item 8:

               Report of Independent Public Accountants

               Balance Sheets as of June 30, 2000 and 1999

               Statements of Operations for the Years Ended
               June 30, 2000, 1999, and 1998

               Statements of Shareholders' Equity
               for the Years Ended June 30, 1999 and 2000

               Statements of Cash Flows for the Years ended
               June 30, 2000, 1999

               Notes to Financial Statements


(b)       Reports on Form 8-K

          No reports on Form 8-K have been filed by the
          Registrant during the last quarter of the period
          covered by this report.

(c)       Exhibits



The following documents are incorporated by reference to the
Company's Registration Statement on Form S-18, filed with
the Commission on January 17, 1989, and as amended on
February 10, 1989 and March 7, 1989, as declared effective
on March 9, 1989:

3.1       Articles of Incorporation and all amendments
thereto
3.2       Bylaws
10.1      Nonqualified Stock Option Plan
10.2      Incentive Stock Option Plan
10.3      Form of common stock Purchase Warrant issued to Rogers & Anderson
10.4      Form of Rental Agreement
10.5      Form of 60 Month Lease Agreement
10.6      Form of Purchase Agreement
10.7      Form of Proprietary Information and
          Inventions Agreement between all employees and
          consultants and the Company

                                19
<PAGE>

10.8      Facilities Lease between the Company and J & V Management Company

The following documents are incorporated by reference to the
Company's Annual report on Form 10-K dated September 25, 1989:

10.9      Underwriting Agreement, dated March 10 1989,
          between the Company and Schnieder Securities, Inc.
10.10     Hemotech Purchase Agreement

The following documents are incorporated by reference to the
Company's report on Form 10-K dated October 12, 1993

10.11     Settlement Agreement between Tenet Information Services, Inc.,
          and Hewlett Packard
10.12     Release and Consent Agreement between Tenet Information Services
          Inc., and First Security Bank.
10.13     Assignment of Note and Related Documents by First
          Security Bank in favor of T Acquisition L.C.
10.14     Facility Lease
10.15     Debt Conversion
10.16     Series A Preferred Stock
10.17     Series B Preferred Stock

The following documents are incorporated by reference to the
Company's report on Form 10-K dated October 14, 1995 for the
year ended June 30, 1995.

2.1       Form of International Health Care Consulting Group Acquisition
2.2       Agreement and Plan of Reorganization
4.1       Conversion of Series A Preferred Stock
4.2       Conversion of Series B Preferred Stock
4.3       Conversion of T-Acquisition Debt
4.4       Conversion of Anderson Debt
4.5       Conversion of Carlston Debt
4.6       Form of Private Placement
4.7       Form of Class A Warrant
4.8       Form of Class B Warrant
4.9       Form of Class C Warrant
10.18     Form of F. Overfelt Employment Agreement
10.19     Form of D. Ballash Employment Agreement

                                20
<PAGE>

                         SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Company has duly caused
this annual report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                         TENET INFORMATION SERVICES, INC.

October 12, 2000                   By:/s/Jerald L. Nelson
                                   ----------------------
                         Jerald L. Nelson, Chairman of the Board


Pursuant to the requirements of the Securities Exchange Act
of 1934, this report has been signed below by the following
person, which include the Chief Operating Officer, and a
majority of the Board of Directors, on behalf of the Company
and in the capacities and on the dates indicated:

                      POWER OF ATTORNEY

Know All Men By These Presents, that each person whose
signature appears below constitutes and appoints each of
Jerald L. Nelson and Frank C. Overfelt, jointly and
severally, his true and lawful attorney in fact and agent,
with full powers of substitution for him and in his name,
place and stead, in any and all capacities, to sign any or
all amendments to this Report on Form 10-K and to file the
same, with all exhibits thereto, and all other documents in
connection therewith, with the Securities and Exchange
Commission, hereby ratifying and confirming all that each of
said attorney in fact, or his substitute or substitutes, may
do or cause to be done by virtue hereof.

     Signature                   Title                    Date

/s/ Jerald L. Nelson     Director and Chairman of   October 12, 2000
--------------------     the Board of Directors
Jerald L. Nelson

/s/Frank C. Overfelt     Director, President        October 12, 2000
--------------------     Chief Operating Officer
Frank C. Overfelt

/s/ Eric J. Nickerson    Director                   October 12, 2000
---------------------
Eric J. Nickerson

Supplemental Information to be Furnished With Reports Filed
Pursuant to Section 15(d) of the Act by Companies Which Have
Not Registered Securities Pursuant to Section 12 of the Act.


The  Company  has  not  prepared or distributed  any  annual
report to security holders covering the last fiscal year  or
any   proxy  statement,  form  for  proxy  or  other   proxy
soliciting  material  to  more than  ten  of  the  Company's
security holders with respect to any annual or other meeting
of  security holders.  In the event the Company's management
elects to distribute such an annual report or proxy material
subsequent to the filing of this annual report on Form 10-K,
the  Company  will furnish four copies of such materials  to
the Commission when it is sent to security holders.

                                21
<PAGE>

                         SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Company has duly caused
this annual report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                         TENET INFORMATION SERVICES, INC.

                    By: /s/  Jerald L. Nelson
                    ---------------------------------------
                    Jerald L. Nelson, Chairman of the Board


Pursuant to the requirements of the Securities Exchange Act
of 1934, this report has been signed below by the following
person, which include the Chief Operating Officer, and a
majority of the Board of Directors, on behalf of the Company
and in the capacities and on the dates indicated:

                      POWER OF ATTORNEY

Know All Men By These Presents, that each person whose
signature appears below constitutes and appoints each of
Jerald L. Nelson and Frank C. Overfelt, jointly and
severally, his true and lawful attorney in fact and agent,
with full powers of substitution for him and in his name,
place and stead, in any and all capacities, to sign any or
all amendments to this Report on Form 10-K and to file the
same, with all exhibits thereto, and all other documents in
connection therewith, with the Securities and Exchange
Commission, hereby ratifying and confirming all that each of
said attorney in fact, or his substitute or substitutes, may
do or cause to be done by virtue hereof.

     Signature              Title                     Date
     ---------              -----                     ----
  /s/ Jerald L. Nelson      Chairman of the Board     October 12, 2000
  --------------------      Director
  Jerald L. Nelson


  /s/ Frank C. Overfelt     Director, President and
  ---------------------     Chief Operating Officer   October 12, 2000
  Frank C. Overfelt

  /s/ Eric J. Nickerson     Director                  October 12, 2000
  ---------------------
  Eric J. Nickerson

                                22
<PAGE>

Supplemental Information to be Furnished With Reports Filed
Pursuant to Section 15(d) of the Act by Companies Which Have
Not Registered Securities Pursuant to Section 12 of the Act.


The  Company  has  not  prepared or distributed  any  annual
report to security holders covering the last fiscal year  or
any   proxy  statement,  form  for  proxy  or  other   proxy
soliciting  material  to  more than  ten  of  the  Company's
security holders with respect to any annual or other meeting
of  security holders.  In the event the Company's management
elects to distribute such an annual report or proxy material
subsequent to the filing of this annual report on Form 10-K,
the  Company  will furnish four copies of such materials  to
the Commission when it is sent to security holders.

                                23
<PAGE>