In this paper, a prototype photoplethysmography (PPG) electronic device is presented for the distinction of individuals with congestive heart failure (CHF) from the healthy (H) by applying the concept of Natural Time Analysis (NTA). Data were collected simultaneously with a conventional three-electrode electrocardiography (ECG) system and our prototype PPG electronic device from H and CHF volunteers at the 2nd Department of Cardiology, Medical School of Ioannina, Greece. Statistical analysis of the results show a clear separation of CHF from H subjects by means of NTA for both the conventional ECG system and our PPG prototype system, with a clearly better distinction for the second one which additionally inherits the advantages of a low-cost portable device.