Anticoagulants, also known as blood thinners, help prevent blood clots from forming by interfering with the blood's clotting process. There are different types of anticoagulants that work in various ways, including warfarin, heparin, and newer oral anticoagulants. Anticoagulants can effectively prevent blood clots but also increase the risk of bleeding, so it is important to discuss the risks and benefits with a doctor before starting treatment.