A system for measuring of cardiac output and cardiac performance parameters based on a cardiac blood flow balance parameter between a right chamber of the heart and a left chamber of the heart, includes a sensor device for measuring one of blood pressure and blood flow rate and blood constituent concentration of a patient so as to generate an arterial pulse signal. A processing unit is responsive to the arterial pulse signal for generating a full arterial pulse signal, an arterio-venous pulse signal, and a balance parameter. A computational device is responsive to the balance parameter for further generating cardiac output and a set of cardiac performance parameters. A display station device is responsive to the set of physiological parameters from the computational device for displaying meaningful information.