1. A multi-application-transceiver device for monitoring a health of a person, comprising: a middleware component configured to receive a rule set, over a network, from a remote computing device storing a plurality of rule sets, each rule set corresponding to a different health monitoring application, the received rule set defining application specific settings for a first health monitoring application to be enabled on the multi-application-transceiver device, the application specific settings including sensor configuration parameters, digital signal processing parameters, and event condition action rules, which are used to implement and execute the first health monitoring application; a digital signal processor component having a micro-processor and memory, the digital signal processor component including an alterable rule engine configured to store the received rule set in the memory and implement the first health monitoring application by loading the application specific settings of the received rule set, the alterable rule engine adapted to configure sensors on the multi-application-transceiver device according to the sensor configuration parameters such that at least one sensor is configured to transmit one or more signals and receive one or more reflected signals reflected from the person in accordance with the sensor configuration parameters, a signal conversion unit configured to convert the reflected signals into digital format, the digital signal processor component configured to signal process the converted reflected signals using the digital signal processing parameters of the received rule set to detect a heartbeat frequency of the person in a context of the first health monitoring application; and an interface configured to communicate results of the signal processing to a user or the remote computing device according to the event condition action rules of the received rule set, the interface including an actuator configured to communicate the results to the user in accordance with the event condition action rules of the received rule set such that the multi-application-transceiver device can react to specific events independently and without connection to the remote computing device, wherein the actuator is activated when the heartbeat frequency meets an event condition of the event condition action rules, the middleware component is further configured to receive from the remote computing device a secondary rule set for the alterable rule engine, wherein the secondary rule set defines application specific settings for a second health monitoring application to be enabled on the multi-application-transceiver device, the second health monitoring application being a monitoring application that monitors the person or another person for a health condition that is different than the first health monitoring application, the digital signal processor component is further configured to signal process the received signals in accordance with the application specific settings of the first health monitoring application and in parallel with the application specific settings of the second health monitoring application.