Iron replacement therapy is indicated for iron-deficiency anemia and should not be delayed while performing etiologic workup, unless colonoscopy is to be imminently performed. There are a variety of oral formulations available over the counter (including ferrous gluconate, ferrous sulfate, and polysaccharide iron complex), all of which are similarly efficacious and have similar side effects (most often gastrointestinal upset and constipation). Regardless of preparation chosen, one dose should be taken either daily or every other day- every other day dosing has similar, or even improved, iron absorption, potentially with fewer side effects, but daily dosing may be preferable to promote ease of use and adherence.
A good response to iron replacement therapy is a hemoglobin rise of at least 1g/dL within 2 weeks. Patients should be monitored in the first four weeks for hemoglobin response to oral iron, and treatment should be continued for about three months after normalization of the hemoglobin level. After restoration of hemoglobin and iron stores with iron replacement therapy, blood count should be monitored periodically (e.g., every six months initially) to detect recurrent iron deficiency anemia.
Note that parenteral iron should be considered when oral is contraindicated, ineffective, or not tolerated, or if correction of iron-deficiency anemia is urgent.
References: British Society of Gastroenterology guidelines for the management of iron deficiency anaemia in adults.