When a person is suffering from liver cancer, one of the important pieces of information he or she wants to know is the liver cancer prognosis. The problem is that not a lot of people are aware of what it means. What Is Liver Cancer Prognosis? Some people are finding it hard to differ “prognosis” and “diagnosis.” Both are completely different. A person undergoes diagnosis–that is, the different examinations he or she will undergo will determine if he or she is suffering from liver cancer or another liver disease.