Hemolytic anemia is caused by the premature breakdown of red blood cells, leading to decreased hemoglobin and red blood cell counts. There are inherited and acquired causes. The approach involves taking a medical history, physical exam, hematological and biochemical investigations like complete blood count and peripheral smear, and treating any underlying cause or complications. The hallmark diagnostic test is a positive direct antiglobulin test. Management may include glucocorticoids, splenectomy, or rituximab depending on the specific cause.