The Team Type 1 rider was one of at least three dozen riders who were involved a crash early on in the women's professional race.
"I had nowhere to go but to be catapulted," Hanley said.
The Australian has full range of movement in her arms and legs, Team Type 1 Team Director Jack Seehafer said.
"That's the good news," he said. "But her dislocated shoulder will require surgery,"
In addition to her broken bones, Hanley also has scrapes on her back, a bloody knee, swollen wrist and sore neck.
Even eventual race winner Shelley Olds (PROMAN Women's Cycling Team) was caught up in the crash.
"I've never been in that big of a pile up," Olds told the Tulsa World newspaper.
Hanley is one of two women with Type 1 diabetes on the Team Type 1 professional women's squad. The 31-year-old was diagnosed with the disease at the age of 19 but quickly took up cycling as a way to stay active. She twice was a part of Team Type 1's eight-rider squad for the Race Across America and last year won a bronze medal at the Australian National Track Championships.