Jared, there might be miracle growers here amongst us to be able to re-root your Phal. I think Lucy and others have done so.
Years ago, on a different forum, there was this really gruff, but super talented and knowledgeable Cymbidium specialist. He would look at this and say the now famous two words. "Mulch it". It is always a question of sentimental value, availability, price of similar new plant?
....as Ursula walks away and thinks about some ancient Orchid in her collection which hasn't bloomed in 10 years and taking up space.....