Costing in healthcare refers to the economic evaluation of healthcare expenses, including labour, supplies, equipment, and infrastructure. It helps in resource allocation, service pricing, and identifying cost-saving opportunities.

On the other hand, Value-Based Healthcare is a system where providers are paid based on the quality and efficiency of care they provide rather than the volume. It aims to achieve the best possible health outcomes at the lowest cost.

Integrating both principles leads to a healthcare system focusing on improving patient outcomes while managing costs effectively.