This document provides an updated summary of the 2011 Society of Thoracic Surgeons guidelines for blood conservation. It outlines changes made to the previous 2007 guidelines, including new recommendations regarding dual anti-platelet therapy management before surgery, drugs to augment red blood cell volume or limit blood loss, use of blood derivatives, blood salvage management, minimally invasive procedures, extracorporeal membrane oxygenation, hemostatic agents, and emphasis on multidisciplinary blood management teams. The methods used to survey the literature for this update differed from previous guidelines by using standardized search terms in the PUBMED database. Major areas of revision from the 2007 guidelines are discussed.