A method and device for calculating at least a first type and a second type of physiological parameter with a wireless measuring device adapted to acquire patient physiological data, the wireless measuring device is configured to operate in at least a first and a second operating mode for processing the physiological data. The method comprises acquiring with the wireless measuring device patient physiological data, and identifying a first identity for the wireless measuring device, the first identity being linked to a first context for operating the wireless measuring device. The method further comprises using the first identity to allow the wireless measuring device to operate in a first operating mode linked to the first identity, and processing the patient physiological data to calculate a first type of physiological parameter, linked to the first operating mode of the wireless measuring device.