A shunt system including a shunt assembly and a reader assembly, said shunt assembly for transferring fluids from a first location within a patient to a second location and for monitoring said fluid transfer from a remote location, said shunt system comprising: said shunt assembly having: a conduit having a lumen through which a fluid may flow, said conduit being implantable within said patient between said first and second locations; a pressure transducer positioned on or within said conduit to measure a pressure of the fluid located within said lumen and generate a first signal in response to said measurement; a flow-rate transducer positioned on or within said conduit to measure a rate of flow of the fluid flowing within said lumen and generate a second signal in response to said measurement; and a telemetry circuit for transmitting said first and second signals; said reader assembly having: a remote reader disposed outside of said patient for receiving said transmitted first and second signals; and a display for visually conveying said first and second parameters based on said first and second signals; characterised in that said first and second signals are continuously transmitted when the telemetry circuit is inductively coupled to the remote reader. said shunt assembly having: a conduit having a lumen through which a fluid may flow, said conduit being implantable within said patient between said first and second locations; a pressure transducer positioned on or within said conduit to measure a pressure of the fluid located within said lumen and generate a first signal in response to said measurement; a flow-rate transducer positioned on or within said conduit to measure a rate of flow of the fluid flowing within said lumen and generate a second signal in response to said measurement; and a telemetry circuit for transmitting said first and second signals; a conduit having a lumen through which a fluid may flow, said conduit being implantable within said patient between said first and second locations; a pressure transducer positioned on or within said conduit to measure a pressure of the fluid located within said lumen and generate a first signal in response to said measurement; a flow-rate transducer positioned on or within said conduit to measure a rate of flow of the fluid flowing within said lumen and generate a second signal in response to said measurement; and a telemetry circuit for transmitting said first and second signals; said reader assembly having: a remote reader disposed outside of said patient for receiving said transmitted first and second signals; and a display for visually conveying said first and second parameters based on said first and second signals; characterised in that said first and second signals are continuously transmitted when the telemetry circuit is inductively coupled to the remote reader. a remote reader disposed outside of said patient for receiving said transmitted first and second signals; and a display for visually conveying said first and second parameters based on said first and second signals; characterised in that said first and second signals are continuously transmitted when the telemetry circuit is inductively coupled to the remote reader.