Modern neural recording interfaces require high-speed wireless data transfer solutions, to transfer vast amounts of high-resolution neural recording data from an implant to an external device. Traditional techniques such as WiFi consume far too much power to be safely employed in an implant, and existing low power techniques are too slow to cope with the volume of data. This work presents a method: Short-range Quality-Factor Modulation (SQuirM), and an accompanying system to prove the concept. The SQuirM system achieved data rates in excess of 50Mbps, consuming as little as 8.11pJ/b, with a BER <4.5E-10. The system is well suited to short-range transfer of neural recording data from implanted devices, due to its low power consumption and high data rate.