I was thinking about going to school for medical transcription. However a friend recently told me that he used to do that for 5 years and had to quit and find something else because speech recognition is taking over and there just isn’t the work anymore. Anybody out there doing this anymore? Please help, I don’t want to waste my money going to school for a job that won’t be there in a few years.

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My Mom has been a medical transcriptionist for over 20 years. The hospital she works for has recently expanded guaranteeing more work, and the doctors took a vote and voted no for the voice recognition, since it doesn’t work well for anyone with an accent.
The Unshushable’s response is right on especially in light of the fact that we have an influx of many foreign professional doctors and administrators who speak with an accent that is not translatable using speech recognition software. And it’s strange that your friend did not mention that even when using speech recognition software it still requires someone to format and style the final typed document.
Good luck!
I recruit for an MT service and it’s difficult to stay staffed as we have so much work. MT is alive and well and there is plenty of work out there. Plus, there is VR going on but you have to edit that and it takes an MT. VR is not a threat to MT.
According to the Department of Labor, it is a viable job. The demand remains high but pay rates have been stagnant or declining over the past several years. Entry is very difficult; make sure you select a school that will help you land your first job.