In my urine test it showed positive with protein and hemoglobin, is this serious and what does it mean?

May need to recheck: Any blood in the urine can give rise to positive test for hemoglobin and protein. It is best to follow up on it as it means there is something wrong if the results are real. So you should get a repeat urinalysis done and then consult a kidney specialist if the results show any rbcs and or protein in your urine as it could mean intrinsic kidney disease like nephritis.