You have a healthy phalaenopsis orchid. The moss that it is planted in is beginning to break down, taking the roots inside the pot with it. The visible roots are doing better, especially that nice, new one.
Most phals will take a careful repotting without missing a beat, even when in bloom. I suggest you get rid of the rotting moss, and use your fingers to strip away any soft material on the roots. If there is a wiry core left, don't cut it. It can help stabilize the plant in its new home, and it may have some ability to take up water even without the velamin (outer coating). Put that new root on the surface of your new medium, and that new root will (hopefully) grow right down into your bark chips. You will need to water more frequently with bark than moss.
It looks like the lowest leaf is getting a leathery look. That is a sign of dehydration and age, and that leaf will probably yellow and fall off eventually. The rest of the leaves have good texture though, so your plant should thrive. A kelp fertilizer soak would help the plant to kick into root growth mode in its new home.
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