Three-time Sydney premiership winner Nash Rawiller hopes to be back in the saddle in June after dislocating his shoulder and fracturing his back in a fall in Hong Kong.

Rawiller, who left Australia in 2014, is being released from hospital on Thursday after falling when his mount broke down during a race at Sha Tin on Monday.

But he said a dislocated shoulder represented the best case scenario.

"It probably ended up the best result possible. When it happened I thought it had smashed into a million pieces - that's what it felt like," Rawiller told Sky Sports Radio from hospital.

Rawiller also fractured his back and badly bruised his foot in Monday's fall.

"There's a couple of small fractures in my back, off the wing of the side of my spine, off the side of my vertebrae," he said.

The 42-year-old expected to be back in the saddle in six to eight weeks.

"If I get an operation (on my shoulder), it's going to take three months and there's less chance of ever having it re-dislocate," Rawiller said.

If I go through rehab and strengthen it properly and get it right, there's more chance it could actually happen again.

"But then I could probably get it operated on if I had to.

"I'm sure if I look after it properly and get the right advice I'll be back in ... six to eight weeks."

Rawiller has ridden 35 winners this season and sits third on the premiership behind Joao Moreira and Zac Purton.