A digital pressure transducer includes a sensor, a memory component and a microprocessor. A correction algorithm and set of correction coefficients are provided and stored in the memory. An application applies the correction coefficients to convert digitized values to pressure values. The transducer may include a read/write port adapted to communicate with a computer terminal; and at least one read-only port adapted to communicate with a host device. A method of calibrating a digital pressure transducer includes storing a correction algorithm and correction coefficients in the digital pressure transducer separate from a host device.