A combinational fetal heart rate monitor and uterine activity measuring device for use on a pregnant patient. The fetal heart rate and uterine activity monitor comprising a plurality of electrodes disposed to be attached on the abdomen of the patient and an ultrasound transducers disposed to be attached on the abdomen of the patient. An energy source is operable to generate an excitation signal and the energy source is connected to a multiplexer which is connected between the plurality of electrodes and the ultrasound transducer, the multiplexer being selectively positioned to direct the excitation signal from the energy source to either the electrode or the ultrasound transducer. An amplifier connected to the energy source compares the excitation signal to the excitation signal after it passes through the abdomen of the patient. The signal from the amplifier is demodulated and processed to calculate physiological parameter based on the change in the excitation signal.