Let be $\varphi(x)=\sqrt{\frac{x-1}{x+1}}=f(g(x))$ where $f(x)=\sqrt x$ and $g(x)=\frac{x-1}{x+1}=\frac{2}{x+1}-1$.
It's easy to see that
$$
f^{(n)}(x)=\frac{\sqrt\pi x^{\frac{1}{2}-n}}{2\Gamma\left(\frac{3}{2}-n\right)}
$$
amd
$$
g^{(n)}(x)=(-1)^n2 \,n!\,(x+1)^{-1-n}
.
$$
Thus, we can use the Faà di Bruno's formula in the classical form
$$
\varphi^{(n)}(x)=\frac{d^n}{dx^n} f(g(x))
=\sum \frac{n!}{m_1!\,m_2!\,\cdots\,m_n!}\cdot
f^{(m_1+\cdots+m_n)}(g(x))\cdot
\prod_{j=1}^n\left(\frac{g^{(j)}(x)}{j!}\right)^{m_j}
$$
where the sum is over all $n$-tuples of nonnegative integers $(m_1,\ldots,m_n)$ satisfying the constraint
$1\cdot m_1+2\cdot m_2+3\cdot m_3+\cdots+n\cdot m_n=n$ or the Faà di Bruno's formula expressed in terms of Bell polynomials $B_{n,k}(x_1,\ldots,x_{n−k+1})$
$$\varphi^{(n)}(x)=\frac{d^n}{dx^n} f(g(x))= \sum_{k=1}^n f^{(k)}(g(x))\cdot B_{n,k}\left(g'(x),g''(x),\dots,g^{(n-k+1)}(x)\right).$$