Acute anemia can be caused by hemorrhage or hemolysis, resulting in a precipitous drop in red blood cells. Common causes seen in the emergency department include traumatic injury, gastrointestinal bleeding, or ruptured aneurysm. Physical exam may reveal signs of blood loss or organ damage. Treatment involves fluid resuscitation, blood transfusions tailored to the cause of anemia, and treating any underlying condition causing bleeding. Goals are to restore hemodynamics and replace lost red blood cells.