The study presents a novel design method that improves system availability using fault-tolerant features in a non-invasive medical diagnostic system. This approach addresses the effective detection of functional faults, improves the uninterruptible system operating period with reduced false alarms, and provides an authentic measure of vital cardiac signs using diverse multimodal sensing elements like the photoplethysmogram (PPG) and the ECG. Most systems rely on a 1oo1 (one-out-of-one) design method, which inherently limits accuracy in existing practice. In this proposed approach, the quality of segregated authentic vital sign measured values could tremendously benefit the performance of resourceful nursing with negligible alarm fatigue and predict illness more accurately. The system builds upon the selected 2oo2 (two-out-of-two) safety-related design architecture and is evaluated with implemented functions like the fault detection and identification logic, the correlation coefficient-based safety function, and the fault-tolerant safe degradation switching mechanism for accurate measurements. The system was tested on 50 adults of various age groups. The analyzed captured data showed highly accurate vital sign data in this fault-tolerant approach with reduced false alarms. The proposed design method evaluated safety-related mechanisms along with a combination of the same and diverse sensors in a medical monitoring device, showing more reliable functioning of the system and authentic data for better nursing. This design approach showed a 45–55% increased improvement in system availability, thus allowing for accurate and uninterruptable tracking of vital signs for better nursing during critical times in the ICU.