Ochoa’s paper, published in Revista de Saude Publica, aims to analyze the relationship between the meanings of working and the levels of physician well-being in the context of their working conditions using textual analysis and correspondence factor analysis on an extensive questionnaire. The main findings indicated the meaning of workings for the group showing higher levels of “malaise” included perceptions of discomfort, frustration, and exhaustion. However, those showing higher levels of well-being associated their working experience with good conditions and the development of their professional and personal competences. The study provides empirical evidence of the relationship between contextual factors and the meanings of working for participants and of the importance granted both to intrinsic and extrinsic factors by those who scored highest on well-being.