A system and method of standardizing modular probe housings so that the standardized probe housings may be incorporated into probes adapted to work with at least one of a multiplicity of manufacturers' oximeters. The probe housings are adapted to matingly engage at least a disposable bandage apparatus and a reusable finger attachment device.A sensor system for sensing a physiological parameter of a patient. A reusable probe sensor comprises a first housing element and a second housing element. The first housing element comprises at least one light emitter and the second housing element comprises at least one light detector. The first and second housing elements are movably coupled and configured to receive a disposable sensor shield. A disposable sensor shield comprises a first liner portion having a first aperture and a second liner portion having a second aperture. The first and second liner portions are configured to receive an appendage. The first and second apertures are configured to be aligned to allow light from the at least one light emitter to pass through the first aperture, the appendage, and the second aperture, to the at least one light detector during use. The disposable sensor shield is configured to engage the reusable probe sensor.