WASHINGTON D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

          Date of Report (Date of earliest event reported): May 1, 2003

                                CARECENTRIC, INC.

               (Exact name of registrant as specified in charter)

               Delaware                               000-22162                            22-3209241
    (State or other jurisdiction of           (Commission File Number)          (IRS Employer Identification No.)

        2625 Cumberland Parkway
               Suite 310                                    30339
           Atlanta, Georgia                              (Zip Code)
         (Address of principal
          executive offices)

       (Registrant's telephone number including area code) (678) 264-4400


     On May 1, 2003, CareCentric,  Inc. issued a press release regarding receipt
of  a  revised  proposal  to  take  the  company  private.   CareCentric  hereby
incorporates by reference  herein the information set forth in its Press Release
dated May 1, 2003, a copy of which is annexed  hereto as Exhibit  99.1,  and the
proposal  letter from an investor group  consisting of John E. Reed,  Stewart B.
Reed and James A. Burk, a copy of which is annexed hereto as Exhibit 99.2.

                                 INVESTOR NOTICE

     If CareCentric proceeds with the revised proposed merger, then it will file
with the SEC a proxy  statement  and other  relevant  documents  concerning  the
merger.  Investors of CareCentric are urged to read the proxy statement when and
if filed and any other relevant  documents  filed with the SEC because they will
contain important information.  You will be able to obtain the documents free of
charge at the website maintained by the SEC at In addition, you may
obtain  documents filed with the SEC by CareCentric free of charge by requesting
them in writing from Ana McGary at CareCentric,  Inc., 2625 Cumberland  Parkway,
Suite 310, Atlanta, GA 30339 or by telephone at (678) 264-4400.

     CareCentric,  its  directors  and  executive  officers and certain of their
employees  and the  investor  group  described  previously  may be  deemed to be
participants in the solicitation of proxies from the stockholders of CareCentric
in connection  with the merger,  if  consummated.  These  participants  may have
interests in the merger,  if  consummated,  including  interests  resulting from
holding  options or shares of CareCentric  common stock.  Information  about the
interests of  directors  and  executive  officers of  CareCentric,  the investor
group, and their ownership of securities of CareCentric will be set forth in the
proxy statement, when and if filed.

     Investors should read the proxy statement  carefully when and if it becomes
available before making any voting or investment decision.


     (a) Financial Statements.

         Not Applicable.

     (b) Pro Forma Financial Information.

         Not Applicable.

     (c) Exhibits.

------              -----------
99.1                Press Release dated May 1, 2003
99.2                Proposal Letter dated April 23, 2003



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

                                    CARECENTRIC, INC.

Date: May 1, 2003                   By: /s/ John R. Festa
                                       John R. Festa
                                       Chief Executive Officer
                                       (Principal Executive Officer)