Disclosed is a monitor with ultrasonic scanning and monitoring functions including a monitoring function module (10), a monitoring sensor (20), an ultrasonic function module (12), an ultrasonic sensor (22) and a display apparatus (3). The monitoring function module (10) is used for mentoring a common physiological parameter. The ultrasonic function module (12) is used for monitoring a detected person by ultrasonically scanning to obtain a corresponding ultrasonic image and a physiological parameter thereof. The monitoring sensor (20) is coupled to the monitoring function module (10). The ultrasonic sensor (22) is coupled to the ultrasonic function module. The display apparatus (3) is coupled to the monitoring function module and the ultrasonic function module, and receives and displays the common physiological parameter as well as the ultrasonic image and the physiological parameter thereof. Also disclosed is a corresponding monitoring method. By means of the present disclosure, during monitoring the common physiological parameter, the ultrasonic image and the physiological parameter thereof can be obtained and displayed by performing ultrasonic scanning with a predetermined time period and duration, thereby better meeting clinical requirements.